Real estate commission, and more
The industry standard for real estate commission calculation has remained at five to six percent of the sale price (apportioned between selling and buying brokers) for some time now. That can amount to a large amount of money during a housing boom. However, now there is an alternative to percentage based real estate commission: flat fee Multiple Listing Services (MLS) broker services. Imagine a flat rate real estate broker service that offers a seller the full benefit of professional brokerage services without the huge real estate commission. The flat fee is only a portion of the usual five or six percent real estate commission that the seller would have to pay should he list his home with a full service broker.