Photographer: Getty Images

Homeowners Have Real Estate Agents Over a Barrel

Limited housing stock has emboldened more Americans to demand lower commissions.

You just sold your home for $400,000. Good going, nice job, congratulations. Kudos are also due to the real estate agents who helped you close the deal. If you live in a part of the country where the standard commission is 6 percent, you probably just paid them $24,000. Or maybe not.

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