Are real estate commissions negotiable, or are they fixed by state or federal laws?
Federal anti-monopoly laws state that real estate commissions are negotiable, but most sales agents charge a commission of between 5 percent and 7 percent of a home’s eventual selling price to market a property and shepherd the transaction through to its conclusion. You recently discussed FICO scores in one of your columns. But how are these scores actually calculated? Are some factors more important than others? On its face, the credit-scoring system developed a few decades ago by California-based Fair Isaac Corp. – which most banks and other lenders use today when deciding whether to approve a mortgage or other type of loan application – seems complex, if not downright mysterious. But really, it’s fairly easy to understand: Your score is based on five different factors, some of them more important than others. About 35 percent of your overall FICO score reflects the payment history on past and current accounts. Another 30 percent is based on the amount you owe, whether it’s to a mort
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