Online UPDATE

Cutting home sale commissions

Lower real estate commissions are now commonplace, thanks largely to the Internet, says a national study of real estate agents. Most consumers start their search for a new home on the Web, and then bring to an agent a list of houses they'd like to see. In some regions of the country, the increased competition with online brokers has brought commissions down to 4 or 5 percent from the traditional 6 percent mark, even though less than 1 percent of real estate deals are closed online. Researchers from the University of Arkansas at Little Rock, Syracuse University, and Penn State conducted the study.

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Yvonne Wollenberg. Online UPDATE.

Medical Economics

Aug. 20, 2004;81.