Rental Basics in Port Jervis>Question Details

ccutbill, Renter in Milford, PA

Realtor's Commission

Asked by ccutbill, Milford, PA Sun Aug 5, 2012

What is the going rate for a broker's commission/ fee in the Port Jervis NY and the Milford PA areas?

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There is no "going rate"... all commissions (by law) must be set by the individual agent and/or their office/agency. All rates are negotiable.

Now, that doesn't mean that every agent will negotiate their commission... some are firm and hardfast, but others will. It all depends on their burden rate, and what services they offer.

As others have suggested, interview several agents and ask them what they charge, and what services you can expect for that fee.
1 vote Thank Flag Link Mon Aug 6, 2012
Alan May, Real Estate Pro in Evanston, IL
OK here we go...........legally, there is no "going" customary, usual or typical commission..............due to federal anti trust laws, agents should not discuss commissions in a public forum, as it could be seen as an attempt at fixng prices.......even if the intent was not there.

ALL commissions are negotiable.

Interview a few agents.....ask them for a written marketing plan, and at that time they will discuss their commission structure.
1 vote Thank Flag Link Sun Aug 5, 2012
There's no set commission fee anywhere in the country, as this would violate anti-trust laws. Commission rates are negotiable between you and the agent you hire. Rates tend to range in the 5-6% range for residential real estate, but I've certainly seen them listed both higher and lower than this.

Depending on the market in Port Jervis; the rate may less important than the marketing and services the agent you hire provides. When interviewing Realtors this is what I'd be questioning them about. I'd also want to know how many transactions they've closed in the past year and what the average amount of those transactions was.

Good Luck to you!
0 votes Thank Flag Link Mon Aug 6, 2012
Commissions are always negotiable between you and your agent, there are no set standards; therefore interview a few agents from different realty companies, then choose the one you like best and who has the most to offer; choose your agent with care and not by commission alone.
0 votes Thank Flag Link Mon Aug 6, 2012
Interview 3 agents and see what their commissions are, and what they offer with that percent. Remember the lowest is not always the best way to go.
0 votes Thank Flag Link Mon Aug 6, 2012
Best bet, contact a real estate for a free appraisal and from there you can ask that question. Wish you the best!
0 votes Thank Flag Link Sun Aug 5, 2012
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