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Realtors must now offer transparency on commissions

Source: Michele Lerner, Washington Post (Paid Registration)

Real estate agents’ commissions have always been a bit mysterious to buyers.

Sellers must negotiate their commission with their agent and determine how much of a commission to offer their buyer’s agent and therefore know how much will be paid at the closing table from the proceeds of the sale. Buyers, who in effect pay those commissions because they’re the ones making the purchase, typically don’t know how much either their agent or the seller’s agent will be paid. That’s about to change.

Read Full Article: Realtors must now offer transparency on commissions

 

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