I would suggest that as a seller, you Google every agent that responds to your question here on Trulia, learn as much as you can about who they are online, read their client testimonials, so you know what their clients are saying about them, and then give us each a call and just ask us why we think you should work with us instead of another agent. Then, pick the best fit for you and let them go to work for you with the skill and knowledge that they have. I hope to hear from you soon.
With that said I would suggest you only hire some one who really does a complete consultation with you, can clearly tell you what their plan for helping you will be and who you feel comfortable with and trust. It is also important that you hire an agent who can negotiate well for you as well as market your property.
Do not look for the lowest price, look for the person who can get you the most. Also look for someone who will be totally brutally honest with you as you work together, even if it is information you really don't want to hear, the best agent will be one who is willing to be tactful while still delivering you the information you need....even it's not good news.
Good Luck with selling your home and I hope you get the price you are asking and that you house is not on the market too long!
Agents are not legally allowed to give you a 'standard' commission as this would run afoul of anti-trust regulations.
The reason that the majority of answering brokers are telling you that there isn't a standard is because it would be illegal for real estate licensees to have a set fee for the industry. If your concern is the desire to feel as if you are offering a competitive commission, the agents that you interview can show you what other "traditional" (not bank owned or short sales) sellers are offering. If your intention is to investigate "what is fair", interview agents or ask for a referral for a trustworthy REALTOR; then you can evaluate the services that the brokers offers in comparison to the fee that they charge. Remember-you don't pay anything if your house doesn't sell. Keep your focus on obtaining results-good brokers are worth the money.
The first question should be? What is your knowledge and success on the area your home is located.
The second, can you show me what other homes like mine have sold for? Third, What are you going to do to help me sell my house? and so on....
Once you get the answers to the most important questions, then you can determine what the Brokers fee is and what they are doing to earn that fee.
Someone could have a $50. commission, but if they can't sell the house, what value is that?
I hope I have been helpful.
Commissions are always negotiable. You will see ranges from small flat fees for listing only to 6 & 7 percent. Commissions are split with a portion going to the listing agent and another portion to the buyerâ€™s agent. Commission, while an important issue however, is not what I recommended buyers or sellers to focus on. I suggest you interview several agents and find the best overall representation you can find. Sellers need strong marketing, home preparation and negotiating skills to maximize their position in a competitive market. Experience combined with current trends in Real Estate will yield a better bottom line than a discounted commission and poor advice.
A good agent is worth more than their commission, but a bad one will cost you thousands more.