Reply to Is it just not worth using a realtor anymore or was mine just terrible?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What's the going rate for a listing agent these days? Last time I bought it was 7% and I know it's dropped since then.

Also, a while ago I read about a court case against agents allegedly colluding to charge the same high rate rate (a cabal as pp put it). Did that ever develop into anything significant?[/quote]
Standard is 6%, newer agents looking for business will do 5%, it’s also 5-4.5% if you have an expensive property. [/quote]

6% isn't standard anymore.  Even 5 years ago when we bought it was 5%, and we just interviewed agents to sell my parents' home, 3 offered 5%, and 1 (a newer agent) offered 4%.  And there are agents you can pay by the hour, which is particularly smart for high value homes (my friends used one to buy and got a commission rebate on the 5% paid to both agents of 45K.)[/quote]

Can you tell us what brokerages are offering hourly realtors? Is is in the DMV? I havent heard of that here. [/quote]

Glass House Real Estate.  Spicer Real Estate.  There are probably others if you look around.  [/quote]

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