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“Even though sellers are technically the ones who pay the commission, they’re paying it out of the proceeds of the sale. That means the 6% commission is baked into the sale price;
the money may come out of the seller’s pocket, but it’s the buyer who put it there.
So lower realtor commissions will benefit sellers directly, by saving them money, and benefit buyers by making homes slightly more affordable.”
“The United States pays some of the highest real estate commissions in the world, and it’s due, in large part, to our opaque system.”
“The DOJ’s actions imply that, whatever the outcome of the class-action suits, more transparency is coming to the real estate industry in the near future. The net result?
Lower commissions for sellers, and buyers too.”
