Realtor Fees

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  • December 07 2013 - Lawrenceville
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Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (12)

Why are we discussing this, when the original poster seems to have lost interest?
  • December 10 2013
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Profile picture for Sally English
Are you going to get the best economic deal for your professional football team by
1. Paying the lowest amount possible for a head football coach and totally ignoring qualifications and past track record.
2. Looking for a successful and well qualified head football coach who is likely to make a winner out of your team.

Payment for services is part of the equation when hiring a winner to coach your football team - you want them to be motivated for success and not just punching the clock.

People with a track record of success in their profession will usually give a 100% effort to every business opportunity they accept - they just don't accept every business opportunity.
  • December 10 2013
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Realtor fees are negotiable. But you get what you pay for. Some sellers look to hire the agent who will negotiate to the lowest level, and end up with the lowest level of service and professionalism. It's important to hire a professional agent who will take excellent care of all of your real estate needs, and who is willing to consider negotiating the commission if the home is easier to sell or the home price is higher.
  • December 08 2013
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Profile picture for JoshBarnettREIB
Title Fees, Government Fees, Loan Fees all part of the closing. 
  • December 08 2013
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Profile picture for BrokerAppraiser
Fascinating how a completely ambigious questions generates it's own thread. Instead of realtor fees, how about "realtor qualifications and experience" or realtor "hyperbole"?

  • December 08 2013
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Profile picture for blue screen exile
According to HUD's 2008 study of closing costs, 4.5% plus $970 "well characterizes" the total fees, with substantial variation.  And that includes California.   Although the selling agent fees are listed in the MLS, the listing agent's fees are not, so any agent that posts that all their local competitors are charging the same as they are is asking to be reported to the district attorney and to the State Licensing Board.

And yes, I would like to see about 3000 Realtors® lose their licenses over their intentional collusion.
  • December 08 2013
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Traditional 6% paid by seller. Although totally negotiable. At least in California
  • December 07 2013
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Profile picture for blue screen exile
"...which are on the agent side of the firewall and not the public side" -

That is the ONLY part of setting fees that violates the anti-trust laws; that is called "collusion", setting fees in private among competitors without the public being allowed to know what the fees are.

Discussing it in "public" on an open forum like this complies with the anti-trust laws because it allows competitiveness in an OPEN market place..  But instead, Realtors® do backroom "deals" in their private local board meetings in order to encourage NAR and the local board to be sued, and prosecuted by the attorney general.

Of course NAR is a co-conspiracy with the local boards; they TOLD their members to do these illegal things.

Of course consumers know what the commission fees are!  HUD publishes them, and the Realtors® are required by LAW to put it on the HUD forms.
  • December 07 2013
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The local MLS publishes the "selling agent commission" for each listing in the MLS, so  NAR and the local MLS are intentionally violating the intent of the U.S. anti-trust laws,

Those published rates (which are on the agent side of the firewall and not the public side) are rates that have been contractually agreed to between seller and broker. They are not meant to suggest 'typical' or 'average' or 'normal' rates. Rather, they are the rates that have been negotiated between the seller and their broker.

Hence, all rates are 'negotiable' and all levels of service are negotiable.
  • December 07 2013
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Profile picture for craigfial
Is there a question?  The poster is an agent.
  • December 07 2013
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By law realtor fees are always negotiable.  However, a good Realtor will look to see what other home owners are offering and recommend that the seller be competitive with what other sellers are offering.  If you set the commission too low then agents may not show your home.  Sometimes homeowners will offer a lower commission but also offer a bonus.  Ask your Realtor what the standard is in your area. 
  • December 07 2013
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Profile picture for Rebecca Marvel
Always negotiable
  • December 07 2013
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