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| *Ostroff, Fair and Company>>>Renting & Real Estate |
Does anyone have a general idea on? |
how much does a real estate person get when selling your home? I just want to try to keep as much in my pocket to reinvest in a new home.... Commissions are negotiable, it is typically 5% - 7%. When your house is sold, half goes to the listing agent and half to the selling agent. There are also limited service agencies who you pay to put your house in the MLS, and that is about all you get, but this varies by company. Be cautious of negotiating a low rate, because you will get less service and less advertising at a low rate. Also, when Realtors are looking through the MLS, if your house is at 2% and a comparable house is at 3%, which house do you think they would rather show their clients? There are options, a lower rate with a buyers agent incentive seems to be gaining in popularity. Talk to some Realtors and see what they can offer you. Source(s): Oregon Realtor That's negotiable, but in Texas, it's usually 3% per agent, meaning 3% for your agent and 3% for your buyer's agent. you pay 6% total. 3% goes to the buyers agent and 3% goes to the sellers agent. Commissions charged by Real Estate Agents are negotiable. For residential home sales I have seen them to be as much as 12% and as low as a negotiated fixed price. As usual you are going to be getting what you pay for. I operate my own For Sale By Owner Service where I charge an up front fix fee and the owner agrees to pay 1/2 of the normal commission if a real estate agents brings them a buyer. Also, know there is a BIG difference between a Real Estate Agent or Broker and a Realtor. Not all Real Estate Agents/Brokers are Realtors, but all Realtors are Real Estate Agents/Brokers. Only deal with Realtors. You have more protection rights when you deal with a Realtor. |
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