Home Selling in Virginia>Question Details

Deborah Caru…, Real Estate Pro in Annapolis, MD

Is it legal for a realtor in Kent County Virginia to charge a 10% commission?

Asked by Deborah Caruso, Annapolis, MD Sat Jan 19, 2013

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6
Deborah they can charge 100% commission if they wish, does not mean anyone would hire them though. Commissions are negotaibale and you should ask what they charge, what they offer for that fee and negotiate. Discount fees can mean discount services. Speak with 2-3 agents to get a variety to help you decide.
1 vote Thank Flag Link Sat Jan 19, 2013
There is no illegal commission. If you're selling and can't afford that then find another agent. If you're buying it doesn't matter to you since you aren't paying for it. This is not unheard of in some areas

Misty Mount
Long and Foster
540 903 6686
0 votes Thank Flag Link Sun Jan 20, 2013
Not only is it legal, but there are quite a few listings, especially land and commercial listings there for that amount - but I'm sure they vary. As stated below, it's always negotiable. If your property is land or commercial, try to find an agent in your area experienced in those types of sales.
0 votes Thank Flag Link Sun Jan 20, 2013
Hi Deborah,
It is true that all commissions are negotiable. If you don't like the percentage of commission that one agent requests than interview another agent (maybe from a different firm) and inquire what they charge as a commission.
Please, know that by Federal law (Sherman Anti-trust Act) that all commissions are negotiable to avoid price fixing.

Best wishes!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Sat Jan 19, 2013
Commissions are negotiable!
0 votes Thank Flag Link Sat Jan 19, 2013
Commissions are always negotiable.
0 votes Thank Flag Link Sat Jan 19, 2013
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