Real estate commission splits cross legal line
Part 2: War on commissions
By Glenn Roberts Jr., Tuesday, April 13, 2004.Inman News
Real estate professionals cite growth in discounters and real estate technologies, a booming real estate market and an increase in competition among brokers as being among the contributors to a surge in low commissions and uneven commission-sharing in some markets.
Uneven splits are an aspect of the changing structure of commissions in real estate, with the traditional but unofficial 6 percent commission shared by listing agent and buy-side agent sinking to a low of about 5.12 percent in 2002 and 2003, accordin
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