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Podcast: Lykken on Lending
Episode: 10-13-2023 Discussion on Real Estate Commission Change with Marjorie Adam of Marjorie Adam Team
Description: The real estate industry is undergoing a significant transformation, with one of the most notable changes being a shift in the way real estate commissions are structured and paid. Traditionally, real estate agents have earned a commission based on a percentage of the sale price of a property. However, in recent years, there has been a growing movement towards alternative commission structures that aim to make the real estate transaction process more transparent and cost-effective for both buyers and sellers. Critics of the traditional commission model argue that it can be costly for homeowners, especially in high-priced markets, where...