Real Estate Brokers Step Up Rebates to Home Buyers

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Real-Estate Brokers Step Up
Rebates to Home Buyers

By James R. Hagerty
From The Wall Street Journal Online

As the real-estate market continues to cool, a growing number of brokers are doing what was until recently unthinkable. They are giving most of their commissions to buyers.

This novel pitch is catching on in some of the priciest real-estate markets in the country. In February, Seattle-based Redfin launched a service that offers to rebate two-thirds of the commission it receives for representing a home buyer. Redfin currently operates only in the Seattle area but plans to expand to San Francisco in May and to Los Angeles, San Diego, Boston and Washington later this year.

 

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