Home Selling in 10314>Question Details

Judy, Home Seller in Staten Island, NY

What are the current realtor fees in the Staten Island area?

Asked by Judy, Staten Island, NY Wed Jan 27, 2010

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9
Each real estate company is free to set its own fee schedule and to negotiate various rates with individual buyers and sellers. Violations occur when competing firms agree to act together, this is what the US Justice Department calls restraint of trade. There is no set fee, fees are negotiable.
Web Reference: http://www.clovelake.com
2 votes Thank Flag Link Sun Jan 31, 2010
Each brokerage is free to set its own fee schedules and to negotiate different charges with individual clients. Any agreement between two different firms to set standard rates, however, is a serious violation of antitrust laws.
Web Reference: http://www.clovelake.com
2 votes Thank Flag Link Wed Jan 27, 2010
My suggestion to any Seller is to interview with a few FULL TIME - FULL SERVICE Licensed Real Estate Sales people and with the fact that all commissions are negotiatable, you and that chosen agent should be able to come to a fair fee,

Good Luck to you!
Cathy Cataletto
0 votes Thank Flag Link Sun Nov 7, 2010
All Realtor Fees are negotiable. as A seller you should also be very concerned with the portion your Broker offers to the selling agent in a multiple Listing Agreement. Commissions are divided between the Listing Realtor and the selling Realtor. If your Broker is offering too low a Split to the selling Realtor, your exposure may not be as good as if the selling Realtor is offered a more favorable split. Why use Multiple Listing if no other brokers want to show your home ? Always ask if the fee is split 50/50. If not you may want to use a Broker that has your interest in mind not theirs.
0 votes Thank Flag Link Sun Nov 7, 2010
A standart realtor wage in Staten Island is 6%
Web Reference: http://www.siHomeRealty.com
0 votes Thank Flag Link Thu Feb 11, 2010
Judy I believe that if you sit down with your real estate Broker you can come up with a fair commission affordable to you.

IN GOD WE TRUST
Concetta
0 votes Thank Flag Link Fri Feb 5, 2010
An educated Seller makes for a quicker sale and the most return on their money. My best advise for you Judy is put the commission aspect aside and see what the Agent and their Company can do for you.

What your end result are, really isn't based on an extra percent of commision, or the percent less of commission. It's based on getting a qualified buyer, that is READY, WILLING AND "ABLE", it's best on an AGGRESSVIE Agent that can negoitate the best price for you, it's the Agent that holds your hand from the time you get a buyer..through the inspections..through that apprasial..through the buyers mortgage process and finally at the closing.

So again, commission should be discussed, but don't lose sight over the big picture.

Good luck

Cathy Cataletto
0 votes Thank Flag Link Wed Feb 3, 2010
There are no set standards--commissions are always negotiable.
0 votes Thank Flag Link Sun Jan 31, 2010
Agency fees are determined by the seller and his/her agent. Each seller has their own needs, agents should address this issue and explaine what you get for what you pay for.
0 votes Thank Flag Link Fri Jan 29, 2010
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