In Sweden, homeowners typically paid a commission rate of 1.5 percent to sell a home in 2015, down from 5 percent in 2002. Their Canadian counterparts spent 3 percent last year, less than the 4.5 percent they forked over in 2002. But what about Americans?
- Commissions remain higher in the U.S. than in any other wealthy country, according to a new study.
- Conducted by a low-fee brokerage, the study was an update of a 2002 study conducted by independent economists.
- The research suggests that the internet can drive down commissions.