I concur with Anna & suggest you delete your question as well as those others who have offered specific replies. This is a recipe for price-fixing going on here & not only is it illegal but it's also bad for business :-(
Licensed Real Estate Salesperson
Apartment updates available at http://www.christinegordon.postlets.com
"Home is where the heart is."
Of course after all is said and done, it still falls on the shoulders of all agents/brokers to be able to justify any commission to a prospective client (if need be) during the listing presentation and that is where the rubber meets the road.
You also need to speak to your Broker so he or she can educate you as to why this kind of question is inappropriate..
Any agents who took the time to answer this question with specifci numers need to review the laws, too.
The only proper and legal response to a question on commissions is......"ALL commissions are negotiable. Speak to a local agent to discuss what they might charge."
The Dept. of Justice doesn't take kindly to any hint of price fixing!
And.you might want to read up on the anti trust laws in regard to discussing commissions, average or otherwise.
Glad you love us all...
Some of these responses slay me...but I love you all! Actually Yeprem - I think it's a very good, reasonable and fair question to ask. Afterall, you did say "average". But once again, how everyone knew automatically that you were speaking of purchasing or selling and not renting - is beyond me! So, so, so intuit!
But once again- just for grins - say you are asking about renting (because in NY, NY - you pretty much need an agent to assist in even renting an apartment). Most often you will find that fee to be 15% of the annual rent. Although, along with that fee being negotiable as well, there are several scenarios in which that fee is lessened without even any negotiation.
In the case that you are buying or selling a home, the average commission is most often either 6% or 7%. And again, as always - that fee is negotiable (but always up to the closing table- uhmmm, not so much!)
If you would like more explanation or clarity, please don't hesitate to reach out.
All the Best,
Its pretty much a fixed price market..especially in manhattan.
i'm not a broker so no issue for me to say heh heh ;)