Berkeley CSUA MOTD:Entry 40375
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2005/11/1-3 [Reference/RealEstate] UID:40375 Activity:nil
11/1    Hi, I'm really new at real estate so please forgive me if this is
        stupid. I know that agents on both sides (seller/buyer) typically
        take about 3% of commissions, totally 6%. Does that mean that
        if I buy a house that is worth X, I have to spend an extra
        0.06X? On the other hand, if I buy a completely new place where
        I don't have a seller, do I still pay the other 3%?
        \_ The seller pays the commission, not the buyer. And when
           you sell the commision is negotiable. Lately commissions have
           been closer to 4% because houses sell so easily. Although the
           market is entering a downturn now so that will change.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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