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Until now, home sellers traditionally had to pay commissions, commonly in the range of 5% to 6%, to their agents, who then split that fee with the buyer’s agent upon making a sale.
Prior to the 2023 lawsuit, it was common practice for a home seller to pay the commission on the sale, which was then split between the seller's agent and the buyer's agent.
Private electronic market. Software. v. t. e. An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1][ 2][ 3] Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules. [ 4]
Concierge Auctions is a residential real estate company based in New York and Texas. It auctions properties to the highest bidder. [2] In November 2021, Concierge Auctions was acquired by Sotheby’s and Realogy Holdings Corp. [3] The company rebranded to Sotheby’s Concierge Auctions. [4] It holds the world record for the most expensive home ...
Internet real estate. An electronic version of the real estate industry, Internet real estate is the concept of publishing housing estates for sale or rent online, and for consumers seeking to buy or rent properties through such platforms. Often, Internet real estate properties are listed and managed by landlords themselves.
Home auctions aren't just for fat-pocketed investors scooping up decrepit foreclosures that banks are desperate to get off their books. At home auctions, you also can find perfectly fine homes in ...
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