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Real Estate
Reply to "Listing agent fee?"
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[quote=Anonymous]I was told that sometimes agents might (justifiably) charge a higher percentage for a house that will be difficult to sell and is selling at a low price point ($100k or something like that, so that the commission barely makes all of the work it would take to sell worth it). But for a normal house selling situation, 5.5 or 6 seems to be the going rate. Make sure you ask what the split is -- i.e. what your selling agent takes and what he/she gives to the buyer's agent. Because if it is 6 percent, but the selling agent takes 4 and gives the buyer's agent 2, that is problematic. It should be an even (or close to even) split. If it's 5.5 percent, seller's agent takes 3 and buyer's agent takes 2.5. if it is 5 percent, it should be an even split (2.5/2.5). if it is 6, it should be close to even. With internet sites (like redfin and trulia), a lot of buyers will look up houses they're interested in. But it still makes a difference if the buyer's agent feels they'll get an unfair commission. [/quote]
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