Former Realtor: Benefits of Selling a House Without a Realtor

Former Realtor: Benefits of Selling a House Without a Realtor

(Source Associated Content) As a former Realtor, I would never have admitted this, but if you are willing to work a little harder then you can sell your home without a Realtor. The main benefit of a Realtor is the MLS - Multiple
Listing Service. This is a computerized listing serve that is open to real estate agents and brokers. Now there are companies that will simply list your home on the MLS without representing you. You pay a nominal fee (about $500) for the listing and that's it. It's far cheaper than the 5-7% commission you would pay a realtor.

About that 5-7% commission, a real estate agent will charge you that commission for selling your home, but he or she does not get the entire commission. Let's say that the commission is 6% and your home sells through an agency for $200,000.00. That would be $12,000.00 commission. Unless the agent is the buying agent also (working both ends of the deal) then the selling agent's side is 3% and the buyer's side is 3%. In other words, the buyer's agent gets the other 3%. That means that the selling agency gets $6000.00. Then the agency will pay the agent from that $6000.00, and if it is a 50-50 split, then the agent will make $3000.00 from the sale of your house.

In a historic move Bush revokes the pardon he granted to Brooklyn real estate developer Isaac Robert Toussie.

Bush revokes the pardon he granted to Brooklyn real estate developer Isaac Robert Toussie.

Toussie's was 1 of the 19 pardons Bush had granted the day before and the reversal is a historic move in a year of Presidential firsts. With the Toussie reversal Bush's exit pardon tally is 189, much less than other outgoing Presidents.
The reversal of this pardon has left people wondering just who is Isaac Robert Toussie that he would be at the center of this historic reversal of a Presidential pardon? Who was he, what did he do to get in jail, and why would Bush pull his pardon mere hours after setting him free?
Isaac Toussie is a pretty rotten scoundrel. In 2001 Toussie plead guilty to falsifying loan documents for 100 underqualified people, and lied to the US Department of Housing and Urban Development about his actions

The Island
A Land Auction? He’s Buying (New York Times Permalink)
By COREY KILGANNON - Published: October 21, 2007
A Brooklyn real estate investor has been a fixture at surplus land auctions in Suffolk County. He also is a fixture in the courtrooms, fighting investigations into his business dealings.