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1.
The traditional full-service commission rate charged by real estate agents for selling homes is _______.
5-6%. This is the rate that real estate agents have historically charged. As house prices have risen and the real estate market has become more competitive, many agents will work for a lower commission or will take on portions of the job.
2.
When selling a home, the _______ is the price that the seller wants to receive.
Asking price. The fair market value and the selling price are different, but relevant, prices.
3.
When deciding whether it is a good time to sell your home, why should you pay attention to the local jobs situation?
When there are enough jobs that pay well, people will have more buying power. An area with a lot of high-paying jobs translates into many available buyers for your home, at your asking price.
4.
What is the name of the most commonly used service that lists homes for sale?
Multiple Listing Service. The MLS, as it is abbreviated, is the premier site used to advertise homes.
5.
When it comes to saving money on the real estate commission, which of the following is an example of a task that a real estate agent might take on for a lower commission?
All of the above. You may have to shop around to find an agent willing to take on parts of the job of selling your home for less money, but it can be done.