Consumers Can Save Thousands of Dollars in Commissions
Consumers who live in states permitting the option to choose innovative brokerage options, such as rebates or fee-for-service MLS-only packages, can potentially save thousands of dollars on commission payments.
This table shows that consumers can save more than $6200 in commissions on the sale of a median-priced home.
Table: Brokerage Options and Potential Savings on Home Sold for $184,334
| Option |
Seller’s Broker Commission |
Buyer’s Broker Commission |
Total Commission |
Saving |
Full-Service
(5.3% commission) |
$4,885 |
$4,885 |
$9,770 |
$0 |
| Buyer: Broker Rebates 1% |
$4,885 |
$3,042 |
$7,927 |
$1,843 |
| Seller: Fee-for-Service, MLS Only |
$500 |
$4,885 |
$5,385 |
$4,385 |
| Buyer and Seller Savings Combined |
$500 |
$3,687 |
$4,187 |
$6,228 |
The source of this information is provided by:
The Department of Justice
Competition and Real Estate Antitrust Division
To visit their website, Click Here
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