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17.09.2008 Real Estate Commissions: What Are You Paying For, excerpts

Often buyers and sellers of real estate ask the question where does the money for the agents commissions come from, and what does it cover? Real estate commissions are usually paid directly by the seller, but both buyers and sellers ultimately pay the commission as a part of the overall transaction. Here is a summary of the general benefits that both buyers and sellers gain from hiring experienced real estate agents:

Tour time: The collective activity of every agent that shows a specific property with the intent to persuade a buyer to take action. Tour time gives both buyers and sellers exposure to the market. If a property is shown three times per week over a period of six months, that amounts to 72 to 144 hours per property of tour time. This includes setting appointments, meeting, driving and showing only; it does not include buyer education and preparation.

Buyer education and coaching: Real estate transactions cant happen if buyers dont take action. Both buyers and sellers benefit from buyer education that explores the benefits of homeownership and investing. The collective activity of buyer educationand coaching on how to buy, what to buy and the financial preparation required to buyis invaluable. The average buyer needs data and coaching every week for a period of six months. This can amount to more than 50 hours of communication per buyer, and this time can double in slow markets in which buyers take longer to make purchasing decisions.

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The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas


The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.

More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.

The accompanyin... read more

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Veliko Tarnovo declared historical and spiritual capital of Bulgaria


The Bulgarian MPs unanimously named the town of Veliko Tarnovo historical and spiritual capital of Bulgaria.

99 MPs voted in favor of the proposal made by initiative committee representing the public from Veliko Tarnovo. The town was capital of the Second Bulgarian Kingdom (from the end of the 12th to the end of the 14th century) and capital of the Principality of Bulgaria between ... read more

Asian Festival Sofia 2019


The third edition of the Asian Festival will be held on Saturday, June 15th, 2019, from 10am - 8pm, in Borisova Garden, Sofia.

The main goal of the event is to bring the Magic from the East of Asia to the people of Bulgaria and the international audience in Sofia, organized by the joint efforts of the Asian Embassies and Diplomatic missions in Sofia:

Bangladesh, Peo... read more

Russian IT Company with over $ 1 Billion in Revenue is Entering the Bulgarian Market


Russian Softline is expanding its operations in Eastern Europe, including its entry into the Bulgarian market. In 2018 it became clear that the company will start operations in Croatia, Hungary, Romania, Serbia, Slovenia and Bulgaria. The company is leading in the field of digital transformation proc... read more