It's one of the first questions asked by buyers and sellers as they begin their journey: How does the commission work? Let's start with the basics What is real estate commission? Real estate commission is the fee paid to a real estate agent or broker for their services in the sale or purchase of a property. It is typically a percentage of the final sale price of the property, and is usually paid by...
It's hardly a secret that we are currently in a seller's market, and anyone who has tried to buy or sell a home in the past six months only knows one thing for sure: expect a bidding war. What's with all the frenzy? Covid's impact on the real estate market deserves its own write-up (coming soon), but one short term impact is low supply coupled with high-demand. Buyers are on the prowl, and sellers...