The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a data analysis from Redfin (NASDAQ: RDFN), a scant uptick from the 2.36% in the third quarter, when the new National Association of Realtors (NAR) commission rules took...
The typical home seller pays an average of 2.55% commission to the real estate agent hired by their home’s buyer, according to an analysis of MLS data by Redfin (NASDAQ:RDFN). That’s down from an average of 2.62% in January, two months before the National Association...
Douglas Elliman has become the latest brokerage to be released from a contentious homebuyers’ lawsuit regarding real estate broker commissions. According to combined media reports, the plaintiffs in the Batton 2 lawsuit dismissed the brokerage without prejudice,...
A 75-year-old widow in Florida who was forced to cancel the sale contract for her home after she broke her leg and was unable to move faced a demand from her real estate broker for the $23,000 sales commission on the terminated deal. According to a report by WFTS ABC...
Robert Reffkin, CEO of Compass Inc. (NYSE: COMP), is predicting the recent settlement by the National Association of Realtors (NAR) will have a minimal impact on the real estate industry. “I think the headlines have been much more dramatic than the details of...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
