Contrary to popular belief, your realtor's commission is not really negotiable, according to new report. (via CNBCMakeIt)
That's according to a, which had conversations with over 200 real estate agents in 20 U.S. cities. The consumer advocacy organization studied over 260 real estate agent and broker websites in four U.S. cities, as well as surveyed over 2,000 Americans on their home buying and selling perceptions.
"These commissions are hidden by traditional real estate firms," says Stephen Brobeck, a senior fellow with the CFA and author of the report. "They usually are not readily provided to potential home sellers and they usually are not negotiable."When commissions come into play Yet despite the cost, many Americans don't understand what they're paying in commission fees, Brobeck says. Over half of Americans
"We just need a lot more light on the subject of broker compensation," Brobeck says. It's not just the industry that's to blame — consumers need to become better aware as well. "The barriers to that are not just from the industry, but also the consumers who are understandably more concerned about making the sale or the purchase and the sale price than they are about the brokerage fees," he says.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Real estate brokers ‘purposely’ hide commissions: studyRealtors “purposely hide” their commission rates and the lack of transparency has stunted price competition, according to the Consumer Federation of America.
Lire la suite »
Deaths among homeless people in Los Angeles have doubled since 2013, report saysThe deaths of homeless people in Los Angeles doubled from 2013 to 2018, according to a report released Tuesday by the Los Angeles County Department of Public Health.
Lire la suite »
Selena Gomez Is Promoting Her New Music, and I'm Just Like, 'Hey, Hi, Hello, Where'd You Get Your Outfit?'OK, not to take away from Selena Gomez's new records (because they're good, like, really good), but how about a round of applause for her stylist, Kate Young?
Lire la suite »
Step Away From the Flavored Olive OilFlavored olive oil may seem fancy, but really you're not getting much bang for your buck.
Lire la suite »
Marketing chiefs face a 'final desperate fight for survival' in 2020, says reportLarge corporates including McDonald's, Uber and Johnson & Johnson no longer have chief marketing officers (CMOs) and the role risks becoming outdated next year, according to a new report.
Lire la suite »
Teens spend more than 7 hours on screens for entertainment a day : ReportTeenagers in the United States are spending vast amounts of their days using screens as a form of leisure and entertainment, according to a new report.
Lire la suite »