You as an individual negotiate what commission you pay. There is no average commission! Each real estate company is free to set its own fee schedule and to negotiate various rates with individual buyers and sellers. Any agreement between two different firms to set standard rates, however, is a serious violation of antitrust laws. Violations occur when competing firms agree to act together, this is what the US Justice Department calls restraint of trade. There is no set fee, fees are negotiable.... more
The statistics Lisa are referring to are from the NAR. Not exactly an unbiased source.
My answer to that type of post is generally that it just shows why buyers should avoid agent represented properties. You see what happens when a couple of agents get together. The buyer ends up paying18-22%, and maybe more than what he/she/they would have paid for a FSBO. I also have written a blog (link below) on the subject of distorting statistics. You might want to have a look. Jack, you might want to have a look as well, just to understand what is going on here.... more