Home Selling in 11970>Question Details

Laura Ouwerk…, Home Buyer in Stony Brook, NY

What is the average commission in Three Village area in Suffolk County NY?

Asked by Laura Ouwerkerk, Stony Brook, NY Mon Jun 28, 2010

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An agent will usually request the amount that they value the service they provide; so every agent will price their contribution at a different rate.

Commissions are not set...it is against anti-trust laws, and not up for discussion.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Mon Jun 28, 2010
Hello Laura :)

Since you are purchasing a home commission should not be an issue. The buying side is already built into the listing when the homeowner agrees to market their home. Should you decide to hire a buyers representative (why wouldn't you hire someone to represent you in the biggest transaction of your life), you and your agent will determine the amount of commission to be paid but again, this is usually covered by the listing. Buyers Representatives are also able to represent you with For sale by owners and work in your best interests. Good Luck in your search for a home and if I can be of further assistance please don"t hesistate to contact me
Irene M. Renna
Certified Buyers Representative
Century 21 Princeton Properties
(631) 291-2180 cell
Irene.Renna@Century21.com
0 votes Thank Flag Link Mon Jul 5, 2010
Laura, the answer really is - since you're purchasing a home, why does it concern you? The commission is almost always built into a listing agreement between the seller and the listing agent and comes out of the proceeds from the closing. The only time you would pay a commission is if you hire a buyer representative and enter into an exclusive right to represent you as a buyer. Moreover, this is actually the best way to go if you want to save money. A buyer representative will represent your interests and assist you in putting in the best possible offer on any home you choose. Please feel free to contact me with any other questions.

Ralph Windschuh
Associate Broker
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
0 votes Thank Flag Link Tue Jun 29, 2010
Going beyond the answers below, what if there were a number--3.1416%, for instance (that's pi, not the real average commission) or 6.66% (the so-called "Number of the Beast" with a decimal point, not the real average commission). Really: What would that tell you? That some agents charge more and some charge less?

Or that because that's the "average" commission, you're willing to settle for an "average" Realtor?

Really, even though statistically there is some number, it wouldn't tell you anything. It's like asking what the average temperature is in Stony Brook, and then packing a suitcase based on that average.

Averages are fine for statisticians. They're not so good when you're trying to pick the best service provider.

Hope that helps.
0 votes Thank Flag Link Mon Jun 28, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
I forgot to add that this question has been asked quite alot in various other areas. As an agent please review my blog with what your opinion on discussing commissions is acceptable under the law.
0 votes Thank Flag Link Mon Jun 28, 2010
Commissions are always negotiable between the seller and his/her agent, there are no set standards--if two agents are involved in the transaction the commission is shared. If you are a buyer--no commission is paid, unless-- if you agreed otherwise with your agent to pay above what the seller is already paying.
0 votes Thank Flag Link Mon Jun 28, 2010
Unfortanately no agent or broker can quote exact commissions on a public forum due to the federal antitrust laws. Your best bet is to contact specific agents in your area, they can discuss over the phone or through email what they charge and more importantly what you get for what the charge. When you pay half price you get half of the services in most cases. good luck with your transaction
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Jun 28, 2010
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