Many of you have personal experience in the sale or purchase of real estate. In such real estate transactions, the seller typically pays a commission both to the seller’s agent, and to the buyer’s agent. The total commission paid to the agents is generally about 3.5% to 6%.
Comedian Jerry Seineld has recently lost a real estate dispute related to the payment of commission to a real estate agent who was helping him find a home to purchase. Read the rest of this entry »