I am planning to sell my house in the next few months. I have a real estate license but...

am not currently practicing. I would like to bring in a realtor to assist with the entire selling process but not pay a full fee. What would is typical fair rate in this instance?

I would want the realtor to post on MLS, help determine the price, help with marketing in general, post a sign with his name, assist with the paperwork and possibly use his photographer. I could hold my own open houses and show the house as needed. Am I missing anything important?

Thank you!
  • April 29 2013 - San Francisco
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Answers (12)

Profile picture for wetdawgs
It sounds like you want the agent to do >99% of the work, but for reduced rates.   Good luck.

Usually the buyer's agent shows the house.  The seller being there is very uncomfortable for buyers.   Similarly, an owner holding an open house is very uncomfortable for buyers.

All commissions are negotiable to a point.
  • April 29 2013
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Having the seller being at an Open House is unwise as they often point out the wrong features of a home while missing the salable aspects of a home. Plus it makes the buyers darned uncomfortable.
  • April 29 2013
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If you are looking for a referral fee then you must have an active broker's license. If you only have a salesperson's license then you must hang it with a broker first. I recommend hanging your license and listing your home with the same brokerage. That's probably the best scenario for you.
  • April 29 2013
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Profile picture for Randall Ortiz
Contact a few agents, let them know exactly what you have in mind regarding fees and see if they are willing to work with you.  It definitely sounds like the agent would be doing all of the typical work that goes along with listing a home.
  • April 29 2013
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That's a good idea actually. You can negotiate a fee for what you would like to have done. Perhaps you can host the Open Houses and help your realtor that way. We cannot give you a commission rate because of the current laws, but I'm sure you can ask others what they have paid and get a good idea that way.
  • April 30 2013
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What you have described wanting your real estate agent to do for you is all the work that they would typically do for you for the standard commission rate, NOT anything less than that! - I suggest paying the standard commission rate for all the services your require, and I dont believe any self respecting agent would accept anything less than that to provide you with all those services.

Best Wishes and Warm Regards from "The Sunshine State!" :).
  • April 30 2013
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Either get in real estate or move out the way. 
  • May 05 2013
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  • May 29 2013
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Profile picture for Jarrid Echard
that would of been great advice Jeremy back in april when the question was posted i'm sure he's forgot about this thread now that its aug...

you should consider looking at the date the question was posting before replying in the future
  • August 15 2013
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If you intend to sign with a broker, selling your home would be great practice!  If you are looking for a broker and don't know who to choose, I recommend Better Homes and Gardens. They provide unbelievable support to their agents, and are just good people. 

Feel free to contact me off list if you want more information. As for listing your home, perhaps I can help with that too. 

Best...
Jen Winter

jennifer.winter@bhghome.com
  • August 15 2013
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The agent you bring in will need to pay the buyer's broker a compensation. The going rate for that (in the Twin Cities) is between 2.7 and 3.0% of the contract sales price. There are many discount brokers who will take your listing for 5%. You may want to call around. Make sure that you ask if they charge an administrative commission in addition to the listing fee, many do. Good luck with the sale of your home!!
  • August 15 2013
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Basically you want realtor will do all and will be paid less... You still can negotiate commisions paid with realtor but make sure you got somebody who will sell or house and not only list. With respect
  • August 15 2013
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