The average Vermont family make $51,200 per year. What do you think real estate agents make?
According to data from the MLS and based upon the traditional 6% commission model charged by other firms, the top 5 agents in Chittenden County so far this year (January to July 22nd) have made between $292,000 and $587,000. Thus, they are on pace to [...]
Any residential multi-unit building in Vermont is considered a "Public Building" and subject to Vermont's Public Building Regulations. Multi-unit buildings are any residential building other than a single family detached home. Thus, a duplex, a condominium unit, an attached townhouse and apartment buildings are all subject to the Public [...]
A bill was recently introduced in the Vermont Legislature which would dramatically change the requirements for selling a home in Vermont. Under the bill, sellers of a home in Vermont would have to hire a professional to perform an energy audit of their home. The seller would have to pay for this audit. The seller would be required to provide [...]
Flat Fee Real Estate is headquartered in Burlington, Vermont along the shores of Lake Champlain. Its founder, Rob Foley, is also a resident of Burlington, Vermont. Rob and his wife also attended the University of Vermont in [...]
There was a story recently that Vermont's real estate had actually appreciated in price by 17% from the 3rd quarter of 2009 to the 3rd quarter of 2010. While the data supports this statement, it is important to analyze the data to figure out the cause of the [...]
First let's review how national franchise companies make money from local real estate transactions. The most common model of compensation is a percentage of every transaction is paid to the national company by the local brokerage firm. Typically a local brokerage firm will pay the national company 8-10% of their fee from every transaction. [...]
The internet has dramatically changed the way buyers of real estate search for property.
No longer do buyers spend hours on a weekend attending multiple houses. Gone too are the days when buyers read the paperto findreal estate listings. Buyers no longer even rely upon real estate agents to send them listings. [...]