It is actually against the law for agents to even discuss commission with each other. Has to do with preventing price fixing. Commission are negotiable with most companies. Each company makes their own commission policies. Most agents are limited to how much they can negotiate. They don't own the company so they cannot make company policy only abide by it.
I hope this helps, please let me know how else I can help.
Commission is always negotiable, and many agents are willing to negotiate. Some are not, but that's why interviewing multiple agents from different brokerages is really important. You should "comparison shop" for Realtors.
We created UpNest to make this process a lot easier for home sellers. You just submit a few details about your property, and within 48 hours multiple agents will submit proposals for you to review. Since agents are competing, commission rates are often times adjusted to earn your business. Hope that helps!
Check us out at http://www.upnest.com
View Charleston agents: http://www.upnest.com/re/search?name=&city=charleston%2C+sc
The best way to find out if you are paying too much in real estate commissions is to put the commission fees in the open market and let the Agents bid for your commission rate. Commission fees are negotiable and can vary by zip. We find the best way to compare commission fees is to auction them. That is why we created ListingBidder.com; a free service for Sellers who can invite agents to submit their marketing plan and commission structure. It is a patent pending process that is saving Sellers thousands.
It is completely free to the Seller and there is no obligation for the Seller to pick the lowest bid or any bid. The whole time the Seller remains anonymous as we never publish your street address or contact information. Sellers can sit back and review marketing plans, commission bids, ratings and reviews. A big win for the Seller. After all, Agents are not charged to register or bid and they have no obligation to bid. Give it a try: https://www.ListingBidder.com
Realtor Lee Taylor
Realtor Lee Taylor
All commissions are negotiable.
Typically commisions earned are split equally between the listing agent and selling agent... but the % commission with the listing contract is always negotiable.
The Keys To Charleston LLC
Good Luck to you!
Edith YourRealtor4Life! and Chicago and Northern Illinois Expert
Working always in the very Best interest of her clients
I would suggest that focusing solely on the amount of the commission is not necessairly in your best interest. What's most important is the market and support you'll receive from the agent and company you list with. While I'm sure you could find someone willing to put it in the local MLS for you for $500+/- that's all they would do and even then you can rest assured they won't do a stellar job of that.
As a Seller your primary concern should be on getting the maximum exposure you can for your home. Will your agent hire a professional photographer to shoot pictures, do they do virtual tours, you should check them out on Trulia, Zilow and Realtor.com to see how well they represent themselves. Let's be honest if their not representing themselves well, how well are they going to represent your home?
Finally commission rates like everything else are negotiable between you and your agent, though in my experience the best agents don't negotiate, they know their worth what they charge and are able to show you why.
Best of luck to you, I hope you find yourself a great agent.
In South Carolina, there is no "set" or "common" commission rate for listing a home for sale. There is often flexibility from one home to the next since agents will sometimes give a seller a break if the seller is also purchasing another property through the agent or if the seller has done multiple transactions with the agent. That is not always the case though and as with so many other things in real estate, it just depends. Over the last couple of years, I have looked at each client's circumstances to determine the commission on the listing side since many sellers are having a difficult time. Also know that the total commission paid by the seller includes a portion that is paid to the buyer(s) agent. All commissions are paid at the closing table in most cases.
I hope that this has been helpful! If I can be of assistance to you, do not hesitate to contact me at 843-442-2219 or e-mail me at email@example.com.
Have a wonderful day!
Generally, in our area, when you hire a buyer's agent your agent will be paid at the closing from the proceeds of the transaction, but some buyer's agents utilize an up front "showing fee" that it is refundable when you purchase a property.
Don't hesitate to ask if you have any further questions about this or maybe another real estate question.
All the best,
Carolina One Real Estate