Real estate commission rebate and many more topics
Traditionally, real estate commissions have been calculated as a percentage of the sale price of a home. Under this system, real estate commission amounts depend on sale price and are split at closing between the seller and buyer real estate brokers from the sale proceeds. Real estate commission amounts are set by the selling broker and tend to range between five and six percent of the selling price. This system has been the only real estate commission payment method, until now. Licensed real estate brokers now have the choice of offering their services for a flat rate instead of a percentage based real estate commission.