Home Selling in 10701>Question Details

Sarah, Home Seller in 10701

current commission rate for realtors in ny

Asked by Sarah, 10701 Sun Aug 3, 2008

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8
I totally concur with Peter...but please remember, a real estate marketing professional who is excellent at what they do, will bring a higher price for the house. The important thing is, it is about what you leave the closing table with, not what you are paying in a commission.

when you interview Realtors (and interview a lot of them), ask them to bring a written marketing plan. If they don't have one, don't waste your time.
Web Reference: http://GailGladstone.com
1 vote Thank Flag Link Sun Aug 3, 2008
Hi Sarah!

Under New York State Real Property Law, all comissions are negotiable. It is also not appropriate to discuss comission rates in public, nor may agents collude in setting rates. The Federal Government has been watching this recently and all Realtors must comply.

Having said that my suggestion is to focus on the Realtor and the company behind them, rather than the fee. Regardless of the negotiated rate, if the agent does not have the marketing skill and the technical knowledge to sell your property in a professional way, plus their firm does not have the resources to support them, you are wasting your money. This is a tougher market than we have seen in the past few years, and right now experience counts. Even if you end of spending a few extra dollars, it may be well worth it in the long run! So look at the big picture, interview several agents and you will know when you have found the right one!
1 vote Thank Flag Link Sun Aug 3, 2008
you absolutely get what you pay..well maybe most of the time....list it and see ya at the closing..if you know what i mean.......
0 votes Thank Flag Link Wed Sep 19, 2012
Commission ranges from 4-7%.
The thing is you can hire a really bad realtor for the same price as a really good realtor.
So my advice to you is don't worry about the commission, focus on interviewing the right Realtor for the job.

If you are interested, you can contact us.
We are the Luis Fernandez Sales Team at Keller Williams Realty.

http://www.buymlshomes.com

vernise@luisfernandezteam.com
0 votes Thank Flag Link Tue Sep 18, 2012
It's usually anywhere from 4-6% depending on the agent, market, and price point.
0 votes Thank Flag Link Mon Feb 13, 2012
Who in here is a politician? Cuz everyone dodged the question like pros!

The greatest answer in the world, it depends. :)

So what would be a good commission for a consumer to negotiate? Let me take a guess before you answer that!

What ever that consumer feels comfortable paying, how did I do with the answer
0 votes Thank Flag Link Wed Mar 16, 2011
What I would suggest is to interview a few agents google them or even search here on trulia. When you do find the select few ask them, exactly what they offer for the professional fee they will be charging you. Hire the best Realtor based on performance, knowledge of the area, transactions closed, marketing plan, etc..Some agents may have higher professional fees based on performance and knowledge. Hire an agent that has been successful in your market. This agent should have listed properties and not only have gotten them sold, but sold close to the asking price. Sarah is rght rates can be negotiated.

It is against the law for brokers/agents of different office to come together and decide they will be charging a set commision.
Web Reference: http://GetEgen.com
0 votes Thank Flag Link Sun Aug 3, 2008
Sarah
Commission Rates are always negotiable. The best thing to do is to interview serveral Realtors and find out about their services and commission rate. The lowest rate is not always the best service.
Good luck to you.
0 votes Thank Flag Link Sun Aug 3, 2008
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