Negotiable real-estate fees?

San Francisco's Yellow Pages carry only one ad mentioning negotiable commissions on real-estate sales. But chances are there soon may be many more. "The Supreme Court's recent ruling in a New Orleans case that real-estate brokers can be sued under Sherman anti-trust statutes if they agree to fix commissions," said a representative of California's Department of Real Estate; "is going to heighten public awareness on the costs of selling homes on the West Coast."

About 85 percent of homes sold last year in California carried a 6 percent sales commission rate. Representatives of the California Association of Realtors point out that these latter costs are negotiable and that all real estate brokers can work out their own rates with clients.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Negotiable real-estate fees?
Read this article in
https://www.csmonitor.com/1980/0207/020705.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us