Cutting Commissions

Physician's Money DigestFebruary28 2005
Volume 12
Issue 4

The era of the standard 6% realestate agency commission is in decline,with some agents willing to sell yourhouse for a commission of as low as2.5%. If your agent is sticking to a 6%deal, it may be time to look elsewhere, orat least haggle for better terms. If yourhouse has gone up in value by 20% ormore in the past couple of years, theargument that the agent is making 20%more for the same amount of work mayscore you a lower commission rate. Youmay also want to shop for an agentthrough Web sites like HomeGain( and Lending Tree(, which may offeryou rebates or frequent flyer miles.

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