What my thoughts say about real estate commission
Real estate commission has traditionally been calculated as a percentage of the selling price of a home. Under this system, real estate commission amounts depend on sale price and are split at closing between the seller and buyer real estate brokers from the sale proceeds. Real estate commission amounts are set by the selling broker and tend to range between five and six percent of the selling price. Until now, this system has been the sole method for payment of broker services. Licensed real estate brokers can now choose between charging a flat rate or percentage based real estate commission for their services.