What is the typical commission paid for real estate transactions in Minnesota?

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What is the typical commission paid for real estate transactions in Minnesota?

I recognize that the typical commission nationally is 6% and paid to the seller's agent. I'm curious what this amount is in Minnesota, specifically in Minneapolis.

2007-02-21 16:22:26 · 2 answers · asked by bud 1 in Business & Finance ➔ Renting & Real Estate

2 answers

2007-02-21 16:30:40 · answer #1 · answered by hope 5 · 0⤊ 0⤋

Commission setting or price fixing is illegal.

Commission is negotiable! Keep in mind that you do get what you pay for, and there is a cost to doing business in real estate.

Good luck in your sale/purchase!

2007-02-21 16:51:37 · answer #2 · answered by Art 4 · 0⤊ 0⤋