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Real estate agent fee

Real estate agent fee

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by: aromalites Active Indicator LED Icon  OP  New Member
~ 9 years ago   Jul 3, '14 9:24pm  
Does anyone know what is a typical percentage for a real estate agent to charge for selling a house? 4951
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ctl74 Active Indicator LED Icon 10
~ 9 years ago   Jul 3, '14 9:36pm  
6%, I think? Mostly because they pay ay least 3% to their company. 4951
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Mccrj Active Indicator LED Icon 2
~ 9 years ago   Jul 3, '14 9:46pm  
Does anyone know what is a typical percentage for a real estate agent to charge for selling a house?
 
@aromalites:
 
Typically each agent charges 3%, but there a whole bunch of other fees that go with buying or selling. The seller typically pays buyers agent and sellers agent fees. But each situation can be different. 4951
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Jake_Bob Active Indicator LED Icon 1
~ 9 years ago   Jul 3, '14 10:11pm  
Contact a title company and inquire about the fees for buy/selling a property.  They should be able to help you understand what all is involved.   4951
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ProblemAgain Active Indicator LED Icon 10
~ 9 years ago   Jul 3, '14 10:33pm  
what you're asking about is the commission for the salesagent. generally it runs 6 per cent for homes and 10 per cent for vacant property but the percentage is negotiable between you and the agent 4951
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squirtismyboy Active Indicator LED Icon 16
~ 9 years ago   Jul 3, '14 10:34pm  
Our agent got 3% 10 years ago 4951
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ProblemAgain Active Indicator LED Icon 10
~ 9 years ago   Jul 3, '14 10:43pm  
was your agent a buyer's agent? if you are a buyer and enlist an agent to represent you, they split the 6 per cent which is why a buyer's agent makes a seller's agent unhappy. but as i said, the percentage is negotiable. the only caveat is that if you really beat the agent down, he or she might list it and forget it, just leave it in the books to sell or not sell while they concentrate on more lucrative deals 4951
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thegoodwife Active Indicator LED Icon 10
~ 9 years ago   Jul 4, '14 7:45am  
"he or she might list it
and forget it, just leave it in the books to sell or not sell while they
concentrate on more lucrative deals"That's one of the funniest things I've ever read!  EmoticonThere isn't one agent in this bubble that's doesn't know they are the listing agent on a specific piece of property! It is just about impossible to get an agent to lower the commission. If you get it down to 5% you did good. But don't count on it.... 4951
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RegularGuy Active Indicator LED Icon 2
~ 9 years ago   Jul 4, '14 10:51am  
Regarding the list it and forget it listing agents....Buyers can talk to/negotiate with the owner/seller directly  -  0%.We have done it twice.. 4951
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Fallon Active Indicator LED Icon 18
~ 9 years ago   Jul 4, '14 11:37am  
Removed By Request 4951
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RegularGuy Active Indicator LED Icon 2
~ 9 years ago   Jul 4, '14 12:09pm  
Fallon "You can only do this if the house isn't already listed with an agent."Not true.   Both house we have recently purchased were listed when we engaged the owners/sellers.  Both listing contracts were canceled and the houses were purchased.As a buyer I have no contract with any Realtor.Some Realtor's add value - some don't.Don't be afraid to do what is in your own best interests.  4951
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Fallon Active Indicator LED Icon 18
~ 9 years ago   Jul 4, '14 6:37pm  
Removed By Request 4951
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ProblemAgain Active Indicator LED Icon 10
~ 9 years ago   Jul 4, '14 6:53pm  
If you list your house and sign a contract with the listing agent, then break it, you are going to be liable financially.  The listing agent isn't doing this for free.  They don't get to advertise your house for free.  You can wait until your contract is up, and if at that time your house hasn't sold, you do not have to renew the contract.If you sign a contract with a realtor and they list your house, you are legally obligated to honor that contract just as the realtor is.
 
@Fallon: and that is even if you find the buyer to make the sale. every now and then some sharp shyster will sidle up to you and suggest that you let the listing expire and then he can buy the house for 6 per cent less....but if that is the type of person the buyer is, why would you trust them and what's in it for you? and some court cases have ruled the listing agent still gets the commission if the buyer came thru them and the sale was made immediately after the expiration of the listing
4951
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RegularGuy Active Indicator LED Icon 2
~ 9 years ago   Jul 4, '14 7:36pm  
There are typically contractual "clauses" that can be used to terminate a contract.  If done right - there is no financial liability for the seller if the contract has been terminated.. 4951
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Fallon Active Indicator LED Icon 18
~ 9 years ago   Jul 4, '14 10:03pm  
Removed By Request 4951
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tguid18 Active Indicator LED Icon
~ 9 years ago   Jul 5, '14 6:11am  
You never get what you deserve, only what you negotiate.
 
Example:
300k house @ 6percent is 18k, sell it yourself, yes it is a PITA, lots of leg work, a few disappointments, but many people spend a large portion of there lives preparing for there childrens education or there retirement , invest the 18k, then send you child to school for free, or retire earlier, any way you cut it 18k is 18k , not bad money for months or weeks of leg work.
 
Next time you are painting your home,upgrading your home,stop and take a look around, do you see a realtor with a pair of gloves on helping you? 18k really?
 
Just my opinion, nothing against real estate people, just a lot of money for paper work.
 
Remember they will take your 18k and send their child to school , why not you? 4951
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