MortgagesUndressed

Exposing Mortgage Facts - Making Mortgages Transparent

What do you call someone with a degree from Wharton who continually gets it wrong?

Foolish, Click here for bad advice…..when the market was hot this was accurate, commissions aren’t arbitrary, they are market driven.

By Selena Maranjian

Updated: 9:13 a.m. MT Sept 20, 2006

If you’re planning on buying or selling a home, I’ve got good news for you: Commissions taken by real estate agents have been falling in recent years and are now, on average, around 5% compared to a historical average of around 6%. On a $250,000 home, that 1% difference amounts to $2,500 — not chump change.


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