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Real Estate
Reply to "Listing agent fee?"
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[quote=Anonymous]When I sold real estate many years ago, we were told to ask for 7% on listings, but our branch would accept 6% if the prospect balked at paying the higher commission. With prior approval from the branch manager, we sometimes could go as low as 5% to get the listing. For upper-brackets at that time ($1 million+), we were generally permitted to go 5%. I wouldn't pay more than 6% today for a home under $400,000. And DO NOT EVER pay the stupid records maintenance fee - or whatever they're calling it today. It was around $250 the last I saw it. It's a total junk fee designed to put more money into the broker's pocket. Tell the agent to eat it if they want your listing. Salespeople work very hard for their clients, but I hated the nickel and diming. [/quote]
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