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How much do real estate agents cost?

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The cost of using a real estate agent depends on multiple factors.

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Interest rate cuts could be coming later this year, which could mean a further drop in mortgage rates. Currently, 30-year fixed mortgage rates are below 7% and could continue to drop even further, with many expecting dips to 6%.

Lower mortgage rates mean many people could be looking for a new home, especially those who might have put those plans on hold with higher mortgage rates. If you’re thinking about house hunting, you might want to enlist the help of a real estate agent. 

You don’t necessarily need a real estate agent to purchase or sell a home, but they are some of the most helpful people in executing the process. Most agents handle home sales affiliated with the National Association of REALTORS (NAR) — the largest trade association in the country. 

How much agents get paid depends on a few factors, including location, the home sale price, and what both buyers and sellers negotiate with each of their agents. Below, we’ll detail how much real estate agents cost and how that impacts what you pay for your home.

Ready to buy a home now that mortgage rates have dropped? See what rate you could secure here today.

How much do real estate agents cost?

There isn’t a one-size-fits-all cost for real estate agents. All of the experts we spoke to note that real estate commissions have always been negotiable. 

“Most real estate commissions in the U.S. range between 4.8% and 6.6%,” says Tiffany Banks, the CEO of Nevada REALTORS. “Numerous data sets show the national average for a real estate transaction commission is around 5.5%.”

While buyers and sellers may cover agents’ costs, the amount agents earn can vary depending on each agreement. 

“Compensation has been and will continue to be negotiable between agents and their clients,” says Jennifer Stevenson, 2024 NAR Regional Vice President, Region 2. “Those fees can take many forms, such as fixed commissions paid directly by clients, fee for service, concessions from a seller or a portion of a listing broker’s fee.”

But that amount might not last for long. The NAR settled a lawsuit earlier this year and agreed to cut commission fees. In some cases, commission costs could go down as much as 30%. 

While the NAR settlement is still going through how much agents will get paid going forward, you can see how much agents get based on what they previously earned. For a $400,000 home at 5% commission, the agents would earn $20,000. Keep in mind that amount is split not only between the buyer and seller, but also between the team of people who helped both parties, including listing agents and brokers.

Learn more about your potential homebuying costs here.

Who pays real estate agents?

For many home sales, the sellers pay for the real estate agents of both the buyers and the sellers of the home. But that’s not always the case. 

“While buyer agent compensation was typically offered by listing brokers as a condition of listing property in the MLS prior to August 13, now buyers and sellers will be financially responsible for their agent’s compensation,” says Emily Chenevert, CEO of the Austin Board of Realtors. “But [buyers] may still seek seller contributions to offset the buyer’s expenses in the transaction.”

Remember that commissions are negotiable, so who pays what and how much are always up for discussion and debate. Going forward after the NAR settlement, sellers could pay much less to agents if commissions are cut.

Why you should use reliable real estate agents

Using a real estate can make the homebuying process much easier for both parties involved. Homebuying and selling can be very long and challenging undertakings.

“Realtors understand the legal requirements and ethical standards of the real estate industry,” Banks says.

Use your agent’s expertise, including their existing connections to brokers, neighborhoods, properties, communities and more. You should find an agent that knows the ins and outs of where you want to live and how your budget and lifestyle fits into that. An agent should lead with your needs first.

“Agents understand what is in the best interest of the buyer and know how to manage what are often complicated processes,” Banks says. “There are many difficulties that can come up during a transaction that most buyers would not be aware of or understand how to navigate without the help and representation of an agent.”

Ask friends and family who they recommend for real estate agents or if they know anyone who would be a good fit. You don’t have to take the first one you find, but word-of-mouth is one of the best ways to find a reputable and trustworthy agent.

The bottom line

The real estate industry can be challenging for many people, especially those who are buying homes for the first time or have never taken on this large of a purchase before. 

Real estate agents come with a cost, but they also come with a wealth of knowledge and access that you may not otherwise have if you went down the homebuying or selling road alone. The cost of real estate agents might go down in the future, so if you’re hoping to buy a home in the coming months, you may want to use a real estate agent to help.

Have more questions about the homebuying process? Learn more here today.



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Tajikistan nationals with alleged ISIS ties removed in immigration proceedings, U.S. officials say

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When federal agents arrested eight Tajikistan nationals with alleged ties to the Islamic State terror group on immigration charges back in June, U.S. officials reasoned that coordinated raids in Los Angeles, New York and Philadelphia would prove the fastest way to disrupt a potential terrorist plot in its earliest stages. Four months later, after being detained in Immigration and Customs Enforcement (ICE) facilities, three of the men have already been returned to Tajikistan and Russia, U.S. officials tell CBS News, following removals by immigration court judges. 

Four more Tajik nationals – also held in ICE detention facilities – are awaiting removal flights to Central Asia, and U.S. officials anticipate they’ll be returned in the coming few weeks. Only one of the arrested men still awaits his legal proceeding, following a medical issue, though U.S. officials speaking on the condition of anonymity to discuss the sensitive proceedings indicated that he remains detained and is likely to face a similar outcome. 

The men face no additional charges – including terrorism-related offenses – with the decision to immediately arrest and remove them through deportation proceedings, rather than orchestrate a hard-fought terrorism trial in Article III courts, born out of a pressing short-term concern about public safety. 

Soon after the eight foreign nationals crossed into the United States, the FBI learned of the potential ties to the Islamic State, CBS News previously reported. The FBI identified early-stage terrorist plotting, triggering their immediate arrests, in part, through a wiretap after the individuals had already been vetted by U.S. Customs and Border Protection, law enforcement sources confirmed to CBS News in June. 

Several months later, their removals following immigration proceedings mark a departure from the post-9/11 intelligence-sharing architecture of the U.S. government. 

Now facing a more diverse migrant population at the U.S.-Mexico border, a new effort is underway by the Department of Homeland Security, Department of Justice and the Intelligence Community to normalize the direct sharing of classified information – including some marked top-secret – with U.S. immigration judges. 

The more routine intelligence sharing with immigration judges is aimed at allowing U.S. immigration courts to more regularly incorporate derogatory information into their decisions. The endeavor has led to the creation of more safes and sensitive compartmented information facilities – also known as SCIFs – to help facilitate the sharing of classified materials. Once considered a last resort for the department, Secretary Alejandro Mayorkas has sought to use immigration tools, in recent months, to mitigate and disrupt threat activity.

The immigration raids, back in June, underscore the spate of terrorism concerns from the U.S. government this year, as national security agencies point to a system now blinking red in the aftermath of the Oct. 7 attacks by Hamas on Israel, with emerging terrorism hot spots in Central Asia. 

A joint intelligence bulletin released this month, and obtained by CBS News, warns that foreign terrorist organizations have exploited the attack nearly one year ago and its aftermath to try to recruit radicalized followers, creating media that compares the October 7 and 9/11 attacks and encouraging “lone attackers to use simple tactics like firearms, knives, Molotov cocktails, and vehicle ramming against Western targets in retaliation for deaths in Gaza.”

In May, ICE arrested an Uzbek man in Baltimore with alleged ISIS ties after he had been living inside the U.S. for more than two years, NBC News first reported. 

In the past year, Tajik nationals have engaged in foiled terrorism plots in Russia, Iran and Turkey, as well as Europe, with several Tajik men arrested following March’s deadly attack on Crocus City Hall in Moscow that left at least 133 people dead and hundreds more injured. 

The attack has been linked to ISIS-K, or the Islamic State Khorasan Province, an off-shoot of ISIS that emerged in 2015, founded by disillusioned members of Pakistani militant groups, including Taliban fighters. In August 2021, during the U.S. military withdrawal from Afghanistan, ISIS-K launched a suicide attack in Kabul, killing 13 U.S. service members and at least 170 Afghan civilians. 

In a recent change to ICE policy, the agency now recurrently vets foreign nationals arriving from Tajikistan, Uzbekistan and other Central Asian countries, detaining them while they await removal proceedings or immigration hearings.

Only 0.007% of migrant arrivals are flagged by the FBI’s watchlist, and an even smaller number of those asylum seekers are ultimately removed. But with migrants arriving at the Southwest border from conflict zones in the Eastern Hemisphere, posing potential links to extremist or terrorist groups, the White House is now exploring ways to expedite the removal of asylum seekers viewed as a possible threat to the American public. 

“Encounters with migrants from Eastern Hemisphere countries—such as China, India, Russia, and western African countries—in FY 2024 have decreased slightly from about 10 to 9 percent of overall encounters, but remain a higher proportion of encounters than before FY 2023,” according to the Homeland Threat Assessment, a public intelligence document released earlier this month. 

A senior homeland security official told reporters in a briefing Wednesday, that the U.S. is engaged in an “ongoing effort to try to make sure that we can use every bit of available information that the U.S. government has classified and unclassified, and make sure that the best possible picture about a person seeking to enter the United States is available to frontline personnel who are encountering that person.”

Approximately 139 individuals flagged by the FBI’s terror watchlist have been encountered at the U.S.‑Mexico border through July of fiscal year 2024. That number decreased from 216 during the same timeframe in 2023. CBP encountered 283 watchlisted individuals at the U.S.-Canada border through July of fiscal year 2024, down from 375 encountered during the same timeframe in 2023.

“I think one of the features of the surge in migration over recent years is that our border personnel are encountering a much more diverse and global population of individuals trying to enter the United States or seeking to enter the United States,” a senior DHS official said. “So, at some point in the past, it might have been primarily a Western Hemisphere phenomenon. Now, our border personnel encounter individuals from around the world, from all parts of the world, to include conflict zones and other areas where individuals may have links or can support ties to extremist or terrorist organizations that we have long-standing concerns about.”

In April, FBI Director Christopher Wray warned that human smuggling operations at the southern border were trafficking in people with possible connections to terror groups.

“Looking back over my career in law enforcement, I’d be hard-pressed to think of a time when so many different threats to our public safety and national security were so elevated all at once, but that is the case as I sit here today,” Wray, told Congress in June, just days before most of the Tajik men were arrested.

The expedited return of three Tajiks to Central Asia required tremendous diplomatic communication, facilitated by the State Department, U.S. officials said.  

Returns to Central Asia routinely encounter operational and diplomatic hurdles, though regular channels for removal do exist. According to agency data, in 2023, ICE deported only four migrants to Tajikistan.

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Here Comes the Sun: Ralph Macchio and more

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Here Comes the Sun: Ralph Macchio and more – CBS News


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Actor Ralph Macchio sits down with Lee Cowan to discuss the sixth and final season of “Cobra Kai.” Then, Tracy Smith visits The Broad museum in Los Angeles to learn about Mickalene Thomas’ exhibition “All About Love.” “Here Comes the Sun” is a closer look at some of the people, places and things we bring you every week on “CBS Sunday Morning.”

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The Depraved Heart Murder – CBS News

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A surgeon is accused of drugging his girlfriend in order to control her. “48 Hours” contributor Nikki Battiste reports.

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