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Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The Evolution of Real Estate Fees
Realtors today are often faced with this line of questioning from sellers: "Will you accept a lower commission?" It's not that the seller asking wants to undercut their realtor. The seller is asking because realtor commissions are hard to understand. In order to get a good sense of how the commission system works, let's start with the basics.
The industry norm for realtor sales commissions is 5-6% of a property sales price. With a commission-based system, the person being compensated for his or her services takes a high risk in exchange for a "high" reward. For realtors, the risk is not making a sale and earning nothing, no matter how much time, money, or effort a realtor puts into the transaction. The seller is therefore paying a "high" reward in exchange for the high risk the realtor takes on for a guaranteed outcome. The assurance to the sellers is that if the desired outcome is not received, the seller pays nothing.
As most Geo friends know by now, in a former life I was a practicing attorney. As a lawyer I was paid, depending on the case or client, in three different ways (well, 4 different ways, if you include the ... more

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