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Replies (8)
- rockinblu
- Contributions:7202
I think 6% to the brokerage that divies it up among the listing agent, buyer agent and the brokerage itself.
- K101
- Contributions:6572
Another poster has posted a statistic that the nationwide average commission is now 5.1%. Commissions are always negotiable and you may wish to negotiate up front with your listing agent for an even lower commission in the even there is an unrepresented buyer involved.
- Amberleighe
- Contributions:22
If I decided to continue with my plan of FSBO and a buyer was represented by an agent, how much commision would I expect to pay? Problem is I'd walk away from my home with no profit if I use an agent!! (only lived in it a year, we're relocating so we must sell)
- wetdawgs
- Contributions:23399
Normally FSBOs pay the buyer's agent 1/2 the normal percentage that goes with having full representation. So, if the norm in your area is 5%, then 2.5% would go to the buyer's agent. If the norm in your area is 6%, then 3% to the buyer's agent.
In most areas of the US at the moment, you are lucky if you get a gain after a year of ownership even if you don't pay any real estate commission. I sympathize with an unexpected relocation.
- Mike_oxafloppin
- Contributions:2853
"Until relatively recently, travel agents have been the key intermediary between travel suppliers and consumers, with information as their primary stock in trade. However, changes to information technology and the advent of the internet have the potential to allow travel suppliers and consumers to interact directly, thus threatening the existence of the traditional travel agent."
hmmmm interesting sounds suspiciously like the Real estate industry.
- Mike_oxafloppin
- Contributions:2853
fast forward a little ........... read it again
Until relatively recently, real estate agents have been the key intermediary between sellers and buyers with information as their primary stock in trade. However, changes to information technology and the advent of the internet have the potential to allow sellers and buyers to interact directly, thus threatening the existence of the traditional real estate agent.
Commision 6%?
I have seen several posts here mentioning 6% Commision?? Then I see others saying 3%, what is the more commonly "expected" commision by an agent?
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