You ask a great question.
My advice, in addition to these very good answers, is to approach your commission question like this:
When I sell my home, how can I net the most money in my pocket? Now that is a question that really gets to the heart of the matter.
Many people are under the impression that either commissions are set, and not negotiable., or that the lower the commission rate, the more money a seller will "save" and add to their bottom line.
I conduct a quarterly survey of my MLS stats and compare three different types of brokers:
MLS entry only
Limited service brokers
Full service brokers.
Without fail the following has been the trend:
1. Listings taken by full service Realtors are 33% more likely to sell than the others.
2. Listings sold by full service Realtors sell, on average, for 2.1% MORE then listings sold by the others.
3. Listings sold by full service Realtors sell in a shorter time.
So I encourage you to speak with three Realtors, ask them to analyze your situation, part of their presentation should include an estimate of seller's net proceeds. Then you run the numbers, you make the call. In most cases a full service Realtor will put more dollars in your pocket.
On the other hand, if you have
1. No need to sell
2. Money to burn
3. Time to kill
Best of luck to you.
Our rates are listed on our web site like many others.
Bottom line is they are all different.
Good luck to you
To elaborate on Mark's response. Federal law prohibits a group of agents from establishing a fixed number or range as the prevailing rate. Do a search on google for antirtrust laws and you should have more than enough to read. Rates are therefore negotiable and you will find many different models. In todays market you will want a full service agent to assist you in the process (gasp, start the hate mail). Reduced service, while cheaper, often leaves the seller frustrated with the lack of communication and marketing activity. You get what you pay for.