Friday, October 11, 2019

Commission Update from Northwest Multiple Listing Association

Recently there was an article published in the Seattle Times about the changing commission information. The article implied that you might save some money buying a home in Seattle. You can read the article here: Buying A Home In Seattle

Well, Katherine got some things correct but not all. This will not make home buying cheaper. It will simply publish what buyers agents get paid. Everyone sees these numbers in their paperwork when they buy a home anyway, it's not a secret.

What isn't obvious when buyers and sellers see how much we get paid is how much it costs us to be in business. The brokerage usually gets 1/2 of the commission, for example.

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