Home Business Homebuyers and sellers say agents’ cuts are too big. Flat-fee brokers offer an alternative

Homebuyers and sellers say agents’ cuts are too big. Flat-fee brokers offer an alternative

by admin

Jim Xiao paid an agent a flat $10,000 fee to help him buy a home in Evans, Ga., last year. Here, Xiao and his children play soccer at their new home.

Agents have typically taken a commission on the sale of a home that totals 5% to 6% of the price. But new rules have created an opening for brokers who charge much less.

(Image credit: Jim Xiao)

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