How to successfully negotiate real estate commissions
Real estate commissions typically range from 2.5% to 3% per agent, traditionally paid by sellers but often passed to buyers through home prices. A 2024 lawsuit changed this, allowing buyers and sellers to pay their agents directly. Commission rates are negotiable, with options like flat fees or discounts. Sellers should compare agents’ fees and services, leverage multiple transactions or referrals for discounts, and consider the value offered when negotiating.
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