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Hi Felick,
Great question....however, there is no such thing as a "typical" commission in Sudbury or any town. Due to Anti-trust Laws, marketing fees should not be discussed publicly online. I can respond in generalities though...
A commission (more appropriately known as the marketing fee) is often a percentage of the final sale price, the amount of which is determined by the seller and broker at the time the marketing contract is signed. It is a private matter that can often be negotiated based on some variables that really should not be discussed here.
In order to gain the maximum exposure, marketing agents enter their listings into the Multiple Listing Service (MLS) so buyer brokers can show their listings. The marketing agent will typically offer out a "cooperating broker fee" to buyer brokers who bring "ready, willing and able buyers" to the closing table. The amount of the split can vary although it would make sense that it be 50/50.
So I realize that I have "danced" around your question but my point is that you would benefit by having this discussion with a reputable agent or two. In this market, it is ALL about proper pricing and internet marketing!
Best of luck!!!!
Judy
Tue Nov 3 2009, 04:30