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What commission should I expect to pay the realtor who sells my house?

by NatPort from Breckenridge, Colorado. Feb 6th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

The commission for selling your home is paid by you to your listing agent.. The listing agent has to pay the sellers agent for bringing a buyer to the table out of the commission you pay your agent.. The average is usually 6%.. Your agent will "Co-Broke" 3% to the selling agent and her "Company" keeps the other 3%.. Depending on their compensation plan with their company will determine how much of that 3% you agent will actually keep... this percentage can be negotiated, however, I will say.. You get what you pay for.. if your selling your home and purchasing another home using the same agent, it's possible they will give you a discount... also, if you have a very high priced home, some agents will give you a discount as well, however not always.. if you have a $2M home, your agent can spend thousands marketing and hosting to find the sophisticated buyer that would appreciate that home, and those $$ they spend are an investment into the sale of your home.. if they don't sell it, they don't get reimbursed for the expenses they laid out... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Feb 6th 2013
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Most "Full Service" Brokers charge the seller a 6% commission. This commission is then split with the Agent that produces the buyer. There are many Brokers that offer to sell your home with a smaller commission, but my experience is "You get what you pay for" You want someone that is going to give you good staging advice has access to good pricing data and has a strong support staff to keep your transaction going smoothly. Also, you want to remember that a good agent is going to market your home heavily, and this costs them money out of their commission. If you get cheap on the commission, most are less willing to step-up and do what needs to be done to get your house sold. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Feb 6th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

That is negotiated between you and the Realtor. Generally speaking, you get what you pay for. You have plenty of agents that will list the house, and that is about it. Expect to pay on the low end around 4%. You have full service agents who will bend over backward on your listing. Expect to pay 6%.

Feb 6th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

2.5% to 3%. Also really depends on the size of your SALE ? Andrew Alfonso - Bigger the sale, the more room you have to get them down for sure.

Feb 6th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

4-6%

Feb 6th 2013
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

That will depend on the level of service and marketing you expect to get. When negotiating the fee with the listing agent he/she is also including what commission to pay to the potential buyers agent. If the listing agent finds the buyer they will usually lower the buyer agent commission. On the average I would say buyers agents receive 2.8% and the listing agent is usually getting anywhere from 2% to 4% depending on the level of service, marketing and listing price. I would contact A few agents in your area and interview them. I'm sure you will find the right one that fits your needs. By the way, the commissions I mention above are in Denver Metro, mountain properties may be different. Good luck and take care.

Feb 6th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

Typical commisions are 5%-6%. They usually will split it between the buyers agent and sellers agent.

Feb 6th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

2% to 6% depending, usually closer to 6%

Feb 6th 2013
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Steve Azarch (sazarch)
#18 ranked lender in Tennessee - 93 contributions

That is a question that should be answered by realtors not mortgage persons.

Feb 6th 2013
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John Schweer (johnschweer)
#9 ranked lender in Missouri - 163 contributions

a savvy seller will reduce the percentage on the listing side and raise the buyers compensation.this incentives the buyers Realtors to show and push for your home.... if there are two homes and the buyers agent gets 2% on one and 3.5% on the other which one do you think they will be more likely to work harder on.... that being said you cant expect a listing agent to cut to 1-1.5% and spend very much on marketing....

Feb 7th 2013
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