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Answering the OP...In all the transactions I've been involved in, the starting point is 6% (3% to each participating agent). I've typically negotiated a lower rate in the event of dual agency, but have not yet sold a house where I felt the selling price was high enough to warrant a negotiation on the percentages.In today's market, it seems that 5% is something doable (2% to selling agent and 3% to buying agent), but that would depend on a lot of factors (not least would be how realistic your asking price is).
ok first of all there is not "Set Rate" price fixing is illegal, dont let an agent tell you going rate or typical rate, big no no. I am willing to work for no less than 5.5% but at 6% I will fully market your home.Heres how it works for you bottom line. If I listed your property at 5% that may or maynot cover my marketing exspences on your property I get half of that 5% split between Listing and selling agent, my broker takes 30% of that off the top. Another thing to consider is If I under cut the commission and a buyers agent sees that there cut on your property is 2.5% vs 3% they will not show your property. So it sits unsold, your not saving anything. It is better to list a little his even, say you listed at 6.5% your listing agent agrees to only take the 3% and offer 3.5% to the buyers agent your property pays out higher than the rest it sells quicker.
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