I know that if 2 realtor's or broker are involved that the commisson is split between them. Half going to the seller agent and the other half giong to the buyer agent. Know i have been told that a person should never have to pay more than 10,000 total in broker fees. which then would be split between the two agents. This does not include other fees like title company ect. I'm just interested in the broker fee part. They usally charge a percent of the sale 6% to 8% --but I would like it to be know more than 10,000 max. So sombody that has delt with this tell me what you think. Home buyer--Home seller- from florida or even Realtor that works in Florida. By the way property is in Cape Coral Florida it is land only and is a triple lot. Should sell between 100,000 to 180,000--so if the fee for a broker say was 8% for the sale the broker fee would be 8,000 to 14,400 which of course the higher number is what some realtors are telling me is to high of a fee to pay anybody. Please help.
2006-06-26 20:32:15 · 4 answers · asked by Butz 3 in Business & Finance ➔ Renting & Real Estate
Normally on Global terms its 2% of the value of deal they finish.
2006-06-26 20:35:28 · answer #1 · answered by itsjithu 2 · 0⤊ 0⤋
You can pay a realtor anything you negotiate to. To keep your commission cost under 10k, offer no more than 5% total commission. Also, have buyer pay all closing cost so you don't have to worry about title insurance and other closing cost.
Because the home prices in Southern California are so high, I have my agents offer 3% total commission on a listing.
Regards
2006-06-27 04:14:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Butz
If your serious about selling and will list them for the avg going price I will list them for 5% and pay a 2.5% split so other realtors
will show property
Randel
2006-06-29 07:29:39 · answer #3 · answered by randys asking 2 · 0⤊ 0⤋
6%
2006-06-27 17:48:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋