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Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
Houlihan Lawrence - Bronxville
Be aware, there are many configurations avaiable that provide a better solution for the outcome the seller communicates.
As others have stated, professional fees are fully negotiable. This flexibility allows the listing agent to create the agreement most benefical to the home seller. What is most benefical to you is communicated from you to your agent, the listing agent. The rest of the world will never know what those goals, objectives or requirements are. Which such a wide range of options, the freedom to choose and negotitate for your best interests, comes increased complexity.
The standard or common practice applies to those who are common. I have never met a 'common' home owner. Each one has different sensitivies, goals, needs and some of it is economic. The truth is those who foucus their energy only on the bottom dollar are the ones most frequently disappointed with the outcome.
Have a chat with a real pro and explore the dimensions of the options available.
The fee that the seller is charged is fully negotiable (as per our local MLS). That having been said, many brokerages have limits to what they will accept as a fee.
Splits between listing and seller agencies are supposed to be determined by collaborative effort between the agent/agency and the seller. A property that takes in 6% and gives out 3% will get more showings than one that takes in 6 and gives out 2. If we are to genuinely do what is best for you (the seller) we must make the property as attractive to other agents as well as to the buyers.
Also pay less attention to the commission that you may be charged than the history of the agent/agency. What advantage is saving a point or two on commission if nobody comes to look at the property.
Commission is negotiable. It's usually split in half depending on the agent. The most important part is that you are comfortable with the % that is agreed upon during signing of the listing agreement.
If you do not have an agent I would suggest to interview a few and see what % works for you.
Charles Rutenberg Realty