Read about discount real estate brokerage
Happily, no commission real estate sales are now a reality. Up until now, real estate commission was calculated at five or six percent of the sale price of a home and was split between the buying and selling brokers. This can amount to a great deal of money, especially during a real estate boom, for what appears to be a relatively small amount of work. No commission real estate services, otherwise known as flat fee Multiple Listing Services (MLS), have turned the real estate industry on its ear. No commission means exactly that: a real estate transaction in which the seller does not pay a percentage based commission to a selling real estate broker.