Profile picture for Err1c0

standard commission to realtor

What is the going percentage of the sale due to a realtor in Southern California?
  • July 21 2011 - Pasadena
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Answers (8)

Profile picture for Blue Nile
I'm still not sure why selected agents think it is a "good idea" to answer a question from about 9 months ago...  is the one questioning still looking for additional answers?  Is that the normal "response time" a client or potential buyer can expect for "answers" from such agents?

Is it just because a Pasadena agent needs to answer "Pasadena" questions to get a "local expert" status and some electronic "exposure"?

Perhaps that is what their "account representative" at Zillow told them to do?  Surely that couldn't be what they are teaching in Zillow Academy?
  • April 26 2012
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Profile picture for Dunes ..
Question posted July 2011


Everyone thinking of Buying/Selling should read the Information on the Department Of Justice Anti-Trust Division Web Site about all the options Consumers actually have
New business models are emerging that allow consumers to save thousands of dollars when they buy or sell a home

Example: California
"Allows Brokers to offer Rebates to Consumers"

"California allows real estate brokers to provide rebates to consumers and to customize their real estate service offerings to meet their customers' needs"
What are the laws in your state?

Good Luck
  • April 26 2012
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Commissions are fully negotiable in both Commercial and Residential Brokerage.

  • April 26 2012
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There are no standard real estate commissions, they are always negotiable.
  • April 24 2012
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Profile picture for Sharon Lewis
The Sherman Act does not allow a 'standard commission' .That would be anti trust. Commissions are negotiable.
http://en.wikipedia.org/wiki/Sherman_Antitrust_Act 
  • January 17 2012
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For San Diego County it seems as though the new "standard" commissions are reducing down to 2.5% for the buyer and anywhere from 1.5%-2.5% to the listing agent. 

This can often differ based on price point. A 100-200k home would most likely require a total of 6%.....a 1M home would likely have closer to 4%. 

Commissions can often change based on the type of sale. Most short sales will give 5%-7%....Traditional sales that are investor owned "flips," usually will be around 1-2% on the list side and 3% on the buyers agents side.

If you're an owner and are going to sell your home, there are many factors that you should think about before hiring an agent.

1) Technology has changed real estate sales (no question), so what will the listing agent due in addition to listing my home on the internet? Is that worth 3%? 2%? 1%? Well, If they develop paper marketing, email marketing, hold open houses, etc. a 3% may be warranted. If they are only going to list it on the MLS, then a 1% or flat fee listing is reasonable. 

It all depends on how involved you want to be and how involved your agent tells you they will be. 

We generate over 4,000 visitors to our own local San Diego websites a month, add a team dedicated to open houses, flyer promotions, broker caravans, etc....and a 3% seems reasonable, yes? Well we will list most homes for half that (1.5%) because of our own online marketing systems. 

Also, If you think your property can sell quick if viewed, offer a bit more to the buyers agent. Give that agent some additional motivation to show your home..
  • January 17 2012
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Commission in Southern CA can range from 4%-6% depending on the type of marketing desired and your negotiations with your agent. I'd love the opportunity to show you my marketing presentation and help you sell if that is your objective!
  • July 21 2011
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There really isn't a standard for all agents on their percentage.  It can range anywhere from 2.5% to 3.5%.  The most common out there would be 3% but ultimately its negotiated with the client at the time of signing a contract. 
  • July 21 2011
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