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Old 09-30-2013, 04:05 PM
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What do you guys think is a reasonable rate for real estate commissions in todays market? Evenly split between sellers and buyers agent? List it as for sale by owner and pay the buyers agent directly? Would you then pay a flat rate or a percentage?

The last three homes I have bought/sold were FSBO at least in part and with the help of a real estate attorney but curious what others are doing.
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Old 09-30-2013, 04:07 PM
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3% on each buyer and seller
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Old 09-30-2013, 04:14 PM
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With a property we currently have for sale it is 6% split if different agents for buyer/seller, 5% if our agent does the whole deal herself.
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Old 09-30-2013, 04:20 PM
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I remember the old stand by here being 6% but lately I have seen a lot of 4 to 5% to be split.

In the past the real estate attorney has suggested FSBO and welcoming buyers agents and that has worked out for me but recently I had two buyers agents balk at the idea of including their fee in the purchase agreement.
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Old 09-30-2013, 04:23 PM
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We have one for sale now in Virginia at 6% with an additional $1000 bonus to the selling agent.
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Old 09-30-2013, 04:27 PM
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For our property we were contemplating listing the seller wanted 10% 50/50 split for different buyer,seller agent.
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Old 09-30-2013, 07:03 PM
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You'll quickly find there are a lot of agents out there who will choose not to show your property if their commission is any less than 3%.

Personally I think 4.5% is fair, 1.5% to the listing agent who is not going to bend over backwards for you but should still work hard for that, and 3% to the buyer's agent who will give your home a fair shake.

Of course, there IS a difference if we're talking about a $80,000 home or a $400,000. Namely good luck getting anybody to work for 1.5% of $80,000.
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Old 09-30-2013, 07:16 PM
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Yep, different rates depending on who the agent represents.

Also, the higher the % the more "motivated" they are to sell your house.

Good luck.
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Old 09-30-2013, 07:26 PM
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Just sold a house and paid a 5% commission for the full service package. The listing agent is a good friend. Had she not been a friend, I would have hammered out a 4 to 4.5% deal. I don't care how the agents split the pie.
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Old 09-30-2013, 07:29 PM
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Just had 3 agents here in the last week. 4-5% out of my pocket. They can split anyway they want.
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Old 09-30-2013, 07:33 PM
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You get what you pay for. If you want top dollar for your property find the very best agent rather than trying to squeeze a percent or two.
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Old 09-30-2013, 07:39 PM
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I like to list myself (flat fee brokered listing service) and pay 3% to the buyers agent. Haven't had an agent turn it down yet nor have we noticed anyone not showing interested buyers.
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Old 09-30-2013, 07:41 PM
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try a flat rate MLS listing

For Sale By Owner Flat Fee MLS Services
The Multiple Listing Service (MLS) is a database of homes for sale operated by the Board of Realtors®. It is the method agents use to find homes for their buyers or to advertise their client listings to other agents or consumers.

Flat Fee MLS services are now offered through For Sale By Owner real estate websites that will get you the same exposure as agent represented homes for a fraction of the cost. Average prices range from $299-$499 (based on local conditions). For this amount, you get listed on your local MLS, Realtor.com® (only homes in the MLS can be published on Realtor.com®), AOL®, MSN®, Yahoo!® and many more real estate websites that feature MLS listings.


Self-directed FSBO buyers are increasingly viewing MLS listings without an agent in hopes to cut out middle man commissions and find a home without involving an agent. Approx. 80% of buyers start their home buying search online and one of the broadest ways to get exposure for your home is to have it listed on the MLS by a flat fee agent. Listing on the MLS has been an increasingly preferred method for selling 'by owner'. If you wanty to sell it fast and have the most buyers see your property - get your home listed in the MLS and save yourself some time.

No commissions are paid to the listing (sellers) agent - your flat fee replaces the 3% commssion you would normally pay in a contractual agreement. But if an agent finds a buyer for your home, a 2-3% commission is normally paid. And you are never obligated to sell your home to a buyer or agent that found your home through the MLS.

If you're thinking about listing in the MLS, be aware of low cost providers. If you find it for $199 or less, expect the service to reflect the price you're paying. Even though it may seem as a simple task to simply add your home to the MLS, there is considerable initial and follow-up work on the listing agents behalf.

With a Flat Fee MLS listing, you'll get:

- Home Listing and Photos: Home will be listed in your local MLS for 6-months


- More Visibility: Listing on Realtor.com®, the country's largest national real estate website


- Maximum Exposure: Widest exposure to local buyers and those on the searching on the Internet on sites like Yahoo®, MSN®, AOL® and more


- Sold Faster: More buyers means more opportunities to make the sale


Plus, you can still sell "By Owner" and find a buyer without an agent and pay no commissions at all.


Based on local real estate market conditions, results will vary.
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Old 09-30-2013, 07:52 PM
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Originally Posted by Saltydawg15 View Post
If you want top dollar for your property find the very best agent
How would you recommend going about find the very best agent?
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Old 10-01-2013, 02:43 AM
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I hear this is the going rate in SW Fla....the agents split 6% on listings up to $1,500,000... then it's 5% on larger listings.
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Old 10-01-2013, 03:50 AM
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I'm getting ready to list mine FSBO. I'll do a website with lots of pictures and virtual tours, a flat fee MLS and Craigs List to market it. I'll start with no offer to pay commission. If nothing in three/four months we'll see if I need to change that. The expectation is it'll go up the end of October. Probablly not the best time of year but what are you going to do??

I've sold the last 3 houses myself and haven;t paid a commission,, if they're priced and advertised correctly they'll sell.
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Old 10-01-2013, 03:54 AM
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5% is standard fare here in CT.

If you are from out of state or don't know any better they hit you with 6%.

generally split 50-50 buying/selling realtor.
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Old 10-01-2013, 05:25 AM
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tell your agents to get fxxed. here its 1.3 to 2 %. While buyers agents exist they are very rare and are for chinese investors or you negotiate a flat rate as a buyers agent works for you and if they get paid a % its in there interest to get the highest price for the property not the lowest.
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Old 10-01-2013, 06:26 AM
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Originally Posted by GulfC View Post
I like to list myself (flat fee brokered listing service) and pay 3% to the buyers agent. Haven't had an agent turn it down yet nor have we noticed anyone not showing interested buyers.
I am in agreement with you on principle, however my parents run a discount brokerage and they have seen other agents (a minority but they are out there) steering customers away from lower-profit listings.

The DIY MLS ones have the worst reputation - I know we're all reasonable grown ups here, but you would not believe the attitude some sellers have about showing their homes etc. my folks have had some clients desperate to sell their house - could be on the market for months - and when someone wants to see the home it's always "oh no, that time won't work for me, I have to go to the grocery store that day."

Now imagine if that seller is the ONLY point of contact for the listing. Some agents have decided it just isn't worth the hassle. They are definitely in the wrong and absolutely dong a disservice to their client, but it's the way it is.

They also have agents who call up on homes and the second question out of their mouth (despite it being clearly listed in their MLS view) is "and what's my commission if I sell it?" (Because of the above, I believe their recommendation is typically to pay 3% towards buyers broker, 2.5% in special circumstances)
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Old 10-01-2013, 06:47 AM
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I typically make the listing realtor put their cock on the block. They give me a market valuation and then I hit them with a sliding commission scale.

The faster it gets to contract, the more they make. If they are that certain in their market valuation, then they should have no problem connecting the dots.
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