Home Buying in Bronxville>Question Details

Kevin, Home Seller in Yonkers, NY

how much percentage does a realestate agent on the sellers side take in commision?

Asked by Kevin, Yonkers, NY Sun Jul 14, 2013

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10
Commission is always negotiable between the seller and his/her agent, therefore it varies....
1 vote Thank Flag Link Mon Jul 15, 2013
Commission offered to the selling agent is published in the MLS. Commission charged to the seller is negotiated when signing a listing agreement. The listing agent keeps the balance of the negotiated commission, less the commission paid to the selling agent. If you have questions...@AskReynet.

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Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
Houlihan Lawrence - Bronxville

Direct 917-855-0277
rey@askrey.net
Web Reference: http://AskRey.net
1 vote Thank Flag Link Sun Jul 14, 2013
The listing agent can keep any percentage they want. The standard is to split it evenly but since the listing agent spends their own money on marketing it's fair to take a little more.

Chris
1 vote Thank Flag Link Sun Jul 14, 2013
Seller discusses with the listing agent what the commission would be and that is usually split between the listing agent and selling agent.
1 vote Thank Flag Link Sun Jul 14, 2013
It all depends on what they negotiate with the seller, its typically between 4-6% and then they split part of it with a buyers agent, unless they find the buyer in which they keep the total amount.
0 votes Thank Flag Link Mon Jul 15, 2013
Rey provided an excellent response. (TU)
Be aware, there are many configurations avaiable that provide a better solution for the outcome the seller communicates.
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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.
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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.
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Have a chat with a real pro and explore the dimensions of the options available.
0 votes Thank Flag Link Mon Jul 15, 2013
Great range of answers, but the real answer starts with the question, "Are you referring to the Listing agent or the Real Estate Brokerage for which he/she works?"

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.

"nuff said

Bob Granata
0 votes Thank Flag Link Mon Jul 15, 2013
The question you need to find out from the agents that you interview, is what are the other active listings that are comps to your house giving towards commissions! Commissions are negotiable, but also you certainly want to encourage agents to come and show your home! A Realtor is self-employed and has many expenses that the public are often not aware of, as well as how the pie is divided by both agents and their brokers. Good Luck! Terry Bell, Realtor (now in California, formerly from Bronxville!)
0 votes Thank Flag Link Sun Jul 14, 2013
Hello Kevin

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.

Jennifer Zucco
Charles Rutenberg Realty
(914)562-7575
0 votes Thank Flag Link Sun Jul 14, 2013
Kevin,

Commissions are usually based on the individual's self valuation and are confidential and non-regulated.
0 votes Thank Flag Link Sun Jul 14, 2013
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