Home Selling in Monrovia>Question Details

Jennifer, Home Seller in Monrovia, CA

what is a good commission rate to ask for from a realtor in Los Angeles?

Asked by Jennifer, Monrovia, CA Mon Dec 10, 2012

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5
As agents, the only answer we can LEGALLY* give you in a public forum such as this is as follows:

• Agents can ONLY quote commission rates to a potential seller in person, on the phone, by email, fax (or by any other means of DIRECT communication).
• Agents CANNOT discuss commission rates others may charge. To discuss commissions in a public forum such as this is totally illegal.*
• Agents can ONLY state that (1) all commissions are negotiable, (2) each real estate office has their own commission rates and (3) each office varies in what services they do or do not provide for any given commission rate.

As such, to get an answer to this question you need to contact individual agents and/or brokerages to ask what they charge.

Personal opinion, asking for specific commission rates without asking about the range of services covered is much like trying to negotiate the price of a car without asking whether or not it comes with wheels or an engine. Every agent offers different services – those services are critical when compared agent to agent.

I recommend you read the following post:

Top 5 Questions To Ask A Listing Agent (And 5 Classic Questions That Are Meaningless)
http://www.trulia.com/blog/carl_medford/2012/08/top_5_questi…

* To protect consumers, The Sherman anti-trust laws forbid agents from discussing commissions amongst themselves - especially in a public forum such as this. By stating what any agent thinks is standard or expected, that agent could be culpable of influencing what another agent might charge, or be guilty of misleading a consumer into thinking they must pay a specific amount. Agents that discuss commission rates in a public forum such as this risk fines and/or the loss of their license.

Here is a link that may be helpful: http://www.justice.gov/atr/public/real_estate/
1 vote Thank Flag Link Tue Dec 11, 2012
Commissions are always negotiable between you and your agent, there are no set standards; therefore choose your agent with care and not by commission alone....
0 votes Thank Flag Link Tue Dec 11, 2012
If you are selling, I hate to say it, but many times higher commissions garnish more attention. But I would say no less than 5%.
If you are buying the commission is already established by the sellers
0 votes Thank Flag Link Mon Dec 10, 2012
I agree with Cindy, 5-6% is standard if you are the seller.
0 votes Thank Flag Link Mon Dec 10, 2012
Your question doesn't make sense to me.,.,.are you listing or buying?

If you're buying, you don't pay the agent, the seller does. If you're selling, standard commission fees are generally 5-6% although technically they are negotiable.
0 votes Thank Flag Link Mon Dec 10, 2012
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