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  1. #1
    Join Date
    Jun 2005
    Posts
    49

    Default Average realtor's fee

    We are meeting with a realtor to put a house on the market. What is the average fee these days? I know that it used to be around 6 % and that you can negotiate. I'm just curious how much I can negotiate. The house is a single family in the Boston area. We had thought about selling it our selves but have now decided against that.

  2. #2
    Join Date
    Jun 2006
    Location
    Missouri
    Posts
    56

    Default

    We just put our house on the market last week and our realtor is charging 6% and the amount was NOT negotiable. He made that very clear to us. In Missouri, I think 6 and 7% are pretty much the going rate. Good luck with selling your house!

  3. #3
    Join Date
    Nov 2005
    Location
    PA
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    288

    Default

    6% here in PA.

  4. #4
    Join Date
    Aug 2006
    Location
    Nashville, TN
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    1,827

    Default

    Here it's a standard 6%. I've heard of cases where the realtors have agreed to split 4/5%. In those cases, the listing agent was somehow related to the seller. Around here, the buyers and sellers agents split the 6%. So you'd have to get 2 agents to agree to accept a lower percentage.
    M 6/30/00
    DD 4/30/05

  5. #5
    Join Date
    Aug 2005
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    1,265

    Default

    For us it was 6% and not negotiable.

  6. #6
    Join Date
    Jun 2005
    Location
    Mid-Atlantic state
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    2,958

    Default

    6% is pretty standard.

    I think there are agencies that charge 1.75%, one around here is called Advance Realty. Then, there's Zip Realty, where they give you a refund of 20% of the commission after the sale of your house.

  7. #7
    Join Date
    Jul 2005
    Location
    Florida
    Posts
    820

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    6% is standard.

    Because of the slow market when we sold our house in FL we changed it to 6.5%. 3% for our agent and 3.5 % for the buyers agent. That is a little incentive to agents to put our house at the top of the pile. Our house was on the market for 5 or so months we changed the percentage and sold our house 2 weeks later. Not sure if that is the reason but it seemed to work.

    Good Luck!!! Hopefully the market will be better this spring

  8. #8
    Join Date
    Jul 2005
    Location
    Outside of Boston
    Posts
    1,994

    Default

    6% here in CA as well.
    MC 11.14.04 JJ 07.15.06 QB 04/19/09

  9. #9
    Join Date
    Jun 2005
    Posts
    4,836

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    Now that the market is slow I don't think a lot agents are negotiating anymore. Also the Broker has to agree so the Realtor can't just agree to anything.

  10. #10
    Join Date
    Jun 2005
    Location
    Minnesota
    Posts
    2,999

    Default

    Quote Originally Posted by Rose View Post
    Now that the market is slow I don't think a lot agents are negotiating anymore. Also the Broker has to agree so the Realtor can't just agree to anything.
    ITA. DH's old brokerage it was 6 or 7 and your broker had to agree to 6. He currently works for an agency that allows him to set any commission he wants (down to 0%). The lowest he will go is 4% if he's doing both a buy and sell for a client. Most agents here expect they will get 2.7%-3.5% out of a sale if they are representing the buyer so it's abnormal to see less than 4% around here because the listing agent wants some sort of commission after they pay out the 2.7-3.5% and pay their broker their cut of their comission.
    Jon and Heather ~ May 3, 2002
    Colin 11/7/03 (c/s preemie)~Alexander 9/10/05 (VBAC)~
    Sabrina 9/15/07 (VBAC)

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