A place to explore discount real estate brokerage
Traditionally, real estate commissions have been calculated at five to six percent of the sale price of a home and divided between the selling and buyer brokers. The seller is responsible for paying the entire real estate commission; the buyer pays nothing. Lately, though, buyer brokers have been giving a portion of their share of the commission to their clients in the form of a real estate commission rebate. This new way of doing business was conceived out of the growth in online real estate listings. More and more people are relying on the power of the Internet to buy and sell homes; thus, brokers are doing less work for their real estate commissions.