Historically, the seller pays a 5-6% (with 6% being the default) commission rate of the home purchase price. As home prices have skyrocketed, so too did realtor’s commissions – for the same level of work.
But more importantly, many allege this has led to anti-competitive practices and are pursuing anti-trust law suits against several major industry firms and associations.
In a competitive market, the commission rates might be about 1/3d less.
Real-Estate Commissions Could Be the Next Fee on the Chopping Block – WSJ
