Replies to post #435626 on Fannie Mae-No Politics (FNMA)

[navycmdr]

the Homes in my SoCal hood are $800k

so a 6 1/2% commission is $52,000 - total RIPOFF

a lot of 1% - 3% Realestate Sales programs Springing up

[BaGr]

I don't think so. It's usually split between the selling agent and the buying agent. If the selling agent isn't the broker then a third cut is in there. At least that's the way I have always understood it. Also no one is forcing the seller to use a broker so the can skip the commission altogether.