- Recession Proof Real Estate Commissions? :: Real-Estate-Informant.com

Wednesday, 23rd May 2012

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Recession Proof Real Estate Commissions?
Added: 01/03/2004 Type: Summary Viewed: 844 time(s) [ Not Rated Yet ]

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Recession Proof Real Estate Commissions?

Real estate commissions are negotiable by law and price fixing is illegal. Therefore, a real estate broker is able to offer either a fee based on the value of your home, say 6% or a fixed fee. Industry statistics show that the large portion of sales are performed by the agent who finds your home on the local Multiple Listing Service, the basis for MLSpoint.com. They only charge a flat-fee of $495 to register your home with the MLS and, when an agent produces a buyer who successfully purchases your home you only pay a 3% commission instead of the customary 6% currently charged by most brokerages.

This method of selling can represent millions of dollars in savings, on a national level, if more sellers elected to sell their homes this way. With Americans trying to nickel and dime on goods and services due to an impending war, Stonebrook’s MLSpoint.com program may actually start a revolution in savings. More agents would be deriving their income from working with buyers as opposed to only listing homes.

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