Reform Needed for Real Estate Commissions

wildonion

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Wednesday January 27, 2010 · 11:05 AM PST

2010/01/27 · 11:05

The real estate commission system needs to be reformed to protect consumers.

wildonion

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Tuesday May 12, 2009 · 11:11 AM PDT

2009/05/12 · 11:11

I would like to clarify a statement in my last post. I stated "the seller and the seller’s agent control both (the buyer’s agent’s and seller’s agent’s) commissions in the listing contract." But typically, the seller does not set the buyer’s agent commission. This is because the listing agreement does not break out the seller’s agent commission from the buyer’s agent commission. It is simply shown as one amount, usually a percentage of the sales price.

wildonion

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Monday April 13, 2009 · 10:57 AM PDT

2009/04/13 · 10:57

The following are a few facts about the traditional home purchase process where both the home seller and home buyer have their own separate agents. This information also assumes the home buyer is not working with an agent that provides a rebate on the commission.

wildonion

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Monday March 23, 2009 · 10:46 AM PDT

2009/03/23 · 10:46

If you are buying or selling a home, take a minute to read the following about the real estate industry and how to make homes more affordable for everyone.

Most people know a home seller can sell their home themselves and save thousands in commissions. Home buyers however, do not have this choice and it is costing them thousands.

The National Association of Realtors has done an excellent job protecting their agent's commissions at the expense of home buyers and sellers. If you think it is time for a change, please write your state and federal representatives.

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Reform Needed for Real Estate Commissions

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