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I'm an agent in the Midwest trying to find out what commission was offered on a listing in Naples on a house that closed about a month ago, I have potential sellers in that area that are curious as they may be selling , how do I find this information out?
As everyone before has stated, fees for a realtor are negotiable on a transaction by transaction basis. Typically the home seller pays the commission on the sale of their home. Keep in mind that many times you get what you pay for. If you are selling your property you want to hire an agent that will market the property and work hard to consummate the sale. Good luck.
Hey Dixie, this is often asked. In Florida there is no set commision rate. This can be negotiated with your realtor. Please contact me if you need anything else.
Good question Dixie! In Florida there is not a set commission rate. There are a lot of different ways to negotiate commission rates. You can ask for a discount if the listing agent brings the buyer to give a discount, you can offer any rate you want to both sides. The agent that may negotiate a higher commission for a listing, may also just be the agent that would negotiate a higher selling price for you in the end. Take time to listen to why they have a rate in mind and what they may have to offer over other agents. Keep in mind they are working for you, and I'm sure willing to listen to what you think is fair as well! Good Luck!
This is a common question- the best answer is - all Realtors operate in a free market, meaning there is no "standard". Just as real estate prices can be negotiates so can commissions but please keep in mind Realtors do get paid until they negotiate a satisfactory deal for their clients. A Realtors commission will often reflect how much they will invest in getting you the best deal- as in any business deal the best one is a Win Win situation for Buyer, Seller, AND Realtor.
Hi Dixie - also keep in mind commission fee's sometimes can be negotiated depending on the market!
Brokerage fees are negotiable. There is no fixed commission rate. Broker Transaction fees are common in addition to a commission percentage. Those too are negotiable. If you care to know what my policy is regarding rates and fees, give me a call. Also, when you speak to any Agent regarding fees, remember to ask what their commission split is. Why? Call me and I'll explain.
Commissions are negotiable in a real estate transaction. Please discuss this issue with your realtor.
This country is great because there is competition. There are full service brokers and discount brokers. You have to decide what makes sense for your goals. Whatever you pay make sure you hire a true professional.
Commissions are negotiable
Hi Dixie - there are definite standards within the industry that each and every Realtor/Brokerage do their best to follow!
Hi Dixie to answer your question - There are definite standards within the industry that every Realtor/Brokerage does their best to follow. Percentage rates may somewhat vary for the service that will be given to you.
The commission is negotiable.
Bottom line... Not all agents are created equal, and percentages can vary.
When selling, you need to find an experienced real estate agent (and brokerage) who understands how to market a home both online and in traditional ways.
In regards to "transaction fees" that was brought up in earlier answers and not explained fully; these fees are designed to offset the cost to the broker for added paperwork and document storage in connection with governmental regulations, including those dealing with flood zones, radon gas, and lead-based paint.
Among other things that was not explained to you thus far, Florida requires brokers to keep records of all residential transactions for a minimum of five years.
Finally, this fee has been both accepted and understood by about 98% of consumers (you can verify this percentage by going to NAR's website and researching this for yourself).
If you have questions about commissions and brokerage fees, you really should get yourself familiar with the National Association of Realtors website. There you will find "explanations" in regards to any questions you may have now or in the future about sales commissions, etc.
As stated before, there is no fixed rate; and there may be other fees and charges besides the commission to consider. It's important to interview several agents before making your choice. If you are selling,find out what you are getting for your money, how are they going to advertize your listing and are they going to do open houses. Whether buying or selling, it's all about SERVICE, SERVICE, SERVICE. The cheapest is not always the best.
There are no set rates. Each broker/agent can decide what they will charge and this fee is always negotiable. Myself I set my commission at 6%
There are no fixed rates. Agents decide what to charge for their service. If you are planning to list, ask the Agent what the rate is, whether there are additional fees AND what their commission split is with Buyer Agents. Call me and I will explain my rates and commission split.
Commission rates vary, there is no fixed rate. Brokers and Agents individually decide what rate to charge for their service. If you are looking for a property valuation, get in touch. I will quote my rate at that time. Ask any Agent you are considering listing with what they offer as a commission split to a Buyer Agent. If you would like to know why, give me a call.
There are industry standards, but fees along with the service that will be provided to list and sell your home are all part of the listing appointment and presentation. Everything is negotiable and as the old adage applies, "you get what you pay for." So be diligent in your interviewing.
Everything in Real Estate is negotiable.