Technology is in the process of changing tradition in real estate.
More people are taking advantage of important online information to save thousands of dollars on real estate transactions. Open access to online home listings and research information, combined with the innovation of new real estate services, offers you money saving options that were previously unavailable. Although sales commissions are negotiable, the real estate industry has maintained a commission level of around six percent for a traditional full service listing. However, there is a growing trend for deep cuts in sales commissions as a result of online information that used to be accessible to real estate members only. The competitive edge has now shifted toward the informed consumer.