War on real estate commissions
Part 1 of 2: Uneven splits drive down realty rate
By Inman News, Sunday, April 11, 2004.The unwritten, unspoken 6 percent benchmark for real estate broker commissions is no longer a benchmark, nor is it 6 percent. Also, traditional ideals of an even 50-50 commission split between the listing broker and the buy-side broker are under pressure in some markets.
Something fundamental is shaking the foundations of agent commissions. Whether it is an isolated fleeting tremor or a nation-sweeping groundswell depends on your perspective on the market.
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