How much should I pay the Realtor to sell my house? However, legally, commissions are negotiable. You can pay more or less; it's whatever you and your agent agree upon. Call your Local Association of Realtors and ask what commissions are typical in your area.

You can find your local association online. NOTE that you pay for the commission earned by your agent and the buyer's agent too. I do this because I work very hard for my clients, spend lots of money on marketing, network with colleagues and clients internationally, and take no more than 2 clients at a time. I caution you about working with agents that will take less than the customary commission percentage. The reason I say this is simple: If the agent cannot negotiate well enough to keep their own money, how will they successfully negotiate keeping your money?

You want an agent that knows their worth and knows the value of your home. You want your agent to know what values support the price they charge you, just like you want them to know what values support the price they are selling your house for. Agents who lower their commissions, often take too many clients, often cannot give YOUR house the focus needed to sell it for top dollar as quickly as possible, and often cannot negotiate well on your behalf either.

How Much Real Estate Agents Earn a Year

In my state, California, representing both sides is legal. Find out what is legal in your state. If it's legal in your state too, I strongly suggest included language in your Listing Agreement that states your agent will not represent buyers of your property. Buyers agents are trying to get your house for as little money as possible; don't put your agent in that position. Keep early stage startup stock options focused on you.

Having said all that, you can set any commission percentage you want. Your Agent will also have to split a part of his share with his Broker for office overhead and other expenses. Keep in mind that average figures were used in this example. Talk to several Realtors and see what you can negotiate. Commissions can not be set as a practice so each agent and homeowner must setup a commission plan that suits that clients needs.

I hope this helps you to understand commission plans from agents. The commission rate to the listing agent and selling agent is negotiable, but typically 5 or 6 percent.

How much they make

That commission is often split between the two agents. Every area of the country is different depending on market conditions, plus the location and condition of your home. Also the negotiated commission may depend on how aggressively your home is going to be marketed by the listing agent. In other words, how many marketing dollars the listing agents plans to spend to expose your home how much do real estate agents earn in commission potential buyers. The main thing is select an agent with the experience you need to sell your home and someone you are most comfortable with.

Each company and agent has there own rate. There is no "set rate. Then make your decision from there.

How Do Real Estate Agents Get Paid? | hozenesipew.web.fc2.com®

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