Along with these other answers, remember, you get what you pay for. The commission rate can be structured as to the services that you need or desire, i.e., if you want full service, then you will and should pay more ocommission, less service, less commission. As stated, the commissions are negotiable but to state there is a standard rate borders on price fixing and as Realtors, we have to be very careful about this with our clients. I would be happy to send to you a Value Propostion List of some of the things we do for you, a list of almost 100!! for your commission.

David

Everything in a buying or selling contract is negotiable including the commission. It is a serious offense to state that there is a standard commission rate. What most sellers don't realize is how little the listing broker ends up with for all his work. In the case of a 6% commission, the listing agent splits the commission with the selling broker usually. So his part is 3% and out of that he gives his office 30-50% and then he pays office fees and advertising and marketing costs as well as taxes. A listing broker ends up with 1/2% to
1 1/2% at the end of the process. Sometimes he is in the red and makes no money at all. Most important is picking the right agent who can price the property to sell at the highest price in the shortest amount of time.

Heather, All real estate commissions are negotiable and don't let anyone tell you what the "norm" is in the industry..such a thing doesn't legally exist. I'd be careful to work with someone who is willing to drop their commissions before they've even done anything...remember that the person negotiating their commission is also negotiating the sale/purchase of your home.....you want someone to fight for what's best for you.

Keep in mind all commissions are negotiable.

Anna

Each realtor is different, and yes, you can always ask to negotiate their commission. And you're right, the services are valuable, as there is much that goes into selling a property! But please, don't worry about offending anyone...it's certainly within your right to shop around!

If you'd like a 2nd (or 3rd or 4th) opinion, please give me a call!