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Answers (2)
- Call The Sisters, "Call The Sisters"
- Contributions:373
There is no such thing as an acceptable commission either on the buyers side or the sellers side. Real Estate 101!!
Discussion of any "normal fees" between real estate professional or in public is a violation of the Sherman Anti-Trust Act.
To answer the question. Each agent has the right to contract with a buyer and indicate the amount or percentage of compensation they require to represent you. Many times in a buyers agency agreement the agent will specify that should a sale generate less than the desired "paycheck", the buyer must make up the difference.
Discussion of any "normal fees" between real estate professional or in public is a violation of the Sherman Anti-Trust Act.
To answer the question. Each agent has the right to contract with a buyer and indicate the amount or percentage of compensation they require to represent you. Many times in a buyers agency agreement the agent will specify that should a sale generate less than the desired "paycheck", the buyer must make up the difference.
- Marc Oster, "ostermarc"
- Contributions:63
I'm not in Sterling, but in Greeley. The norm in the Greeley area is to offer buyer agent commissions of 3%. However many foreclosure and short sale agents are only offering 2.5%. In the Denver area the norm is 2.8%. So I would say somewhere between 2.5-3%. If you are thinking about advertising a property for sale by owner maybe also think about adding an agent bonus of, for example, $1000 if closed by such and such a date. Maybe that would get agents to notice your property.
What is the acceptable buyers agent commission for Sterling, CO 80751?
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