My little world of a la carte real estate
Unbelieveably to some, the idea is gaining in popularity in some of the states where this practice is allowed. Up until now, real estate commissions were calculated at five to six percent, based on the sale price of a home, and divided between the brokers on both sides of the transaction. 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.