Home Selling in Michigan>Question Details

Dwillia, Home Buyer in Plymouth, MI

Is it common practice to charge graduated rates of commission such as 6% on the first 300k, plus 4% on the next 300k, plus 3% on a home sale of 950k?

Asked by Dwillia, Plymouth, MI Mon May 24, 2010

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As has already been made clear, all commissions are negotiable.

On the one hand, just from personal experience, I wouldn't say it's "common practice." I usually see some set number--which, of course, is negotiable.

On the other hand, there's a lot of logic in having a sliding scale. I wouldn't be surprised if you see that in maybe 5 or 10 years in a lot of places. But right now, that arrangement is fairly unusual.

Good question.
0 votes Thank Flag Link Mon May 24, 2010
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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I don't know if it's "common"... but I have done so in the past.

As Tom Jones once said "It's not unusual".
1 vote Thank Flag Link Mon May 24, 2010
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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When it comes to commission, there are no set standards--all commission is negotiable between the seller and his/her agent--choose your agent with care.
1 vote Thank Flag Link Mon May 24, 2010
There is no common practice. An agreements is between seller and agent.
When it works it works.
0 votes Thank Flag Link Sun Jul 4, 2010
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