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Podcast: Wealth Formula Podcast
Episode: 420: Realtors Make Legal Settlement: Changes Made to What YOU Pay!
Description: The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest costs in a real estate transaction is the commission paid by the seller. In the last several years, the way that commissions have worked at the residential level is that the seller's broker collects the commissions and shares them with the buyer's broker. However, that paradigm is about to change as part of a massive settlement between home sellers and...