The Dirty Secret Behind 6% Commissions

In this episode of Rich on Money, I break down one of the most misunderstood parts of real estate: commissions.We walk through where commissions actually come from, why sellers typically pay both sides, and why buyers are still indirectly paying even when they think they are not. I also explain what changed with the National Association of Realtors settlement and why those changes have had very little real impact in markets like mine.We also take a hard look at For Sale By Owner and why it often does not work the way people expect, along with a realistic discussion of whether real estate agents are actually worth the money. I share my own experience as both an investor and agent, including how much I truly save on commissions and why it is not nearly as much as most people assume.This episode is about cutting through the confusion so you understand how the system works and can make smarter decisions in your own real estate deals.