Hey Comrades.
I noticed that the 6% commission rate that was previously standard seems to have disappeared. Does anyone know what’s going on? Was there a recent change in policy or is this specific to certain transactions?
Any info or updates on this would be really appreciated!
Thanks…
Hey there! The 6% commission rate you’re referring to, particularly in real estate, has indeed been seeing changes lately. It’s not entirely gone, but there’s a trend towards more flexibility depending on the deal and market conditions. Some agents and brokerages are offering lower rates or are more open to negotiation due to increased competition and the rise of discount brokerages. So, it might vary based on the transaction, the area, or even the specific services being provided. If you’re dealing with something specific, it might be worth chatting directly with your agent to get the most accurate and relevant details. Hope that helps!
It looks like they updated their policy.