Question Details

Bette, Home Seller in Des Plaines, IL

What is the average commision Realtors are getting, when listing a house?

Asked by Bette, Des Plaines, IL Wed Jan 16, 2008

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Many people are under the assumption that an agent makes the full standard 6% commission but this commission is split between two brokers. Not to mention, the costs of advertising, marketing, all of the paperwork involved, time, energy, and open houses. The agent then has to split house fees with their broker and pay a 28% tax bracket on top of a 15% tax for working as an independent agent. Realtors work hard for their earned commssions. You don't want to hire an agent that will just put a for sale sign on your yard but rather hire an agent that has the tools and skills necessary to do the job, is a full time agent, answers their phone and returns messages. This agent should also be up to date with the real estate market and be ready and able to answer buyers and sellers questions to their specific needs.
1 vote Thank Flag Link Wed Jan 16, 2008
Scott is right, we are not supposed to answer blanket commission questions about what the standard is. We are able to talk about the average is, and about what we personally charge. I am a 6 percenter, anecdotally it seems to be the average here in Seattle.

There are several other options to a percentage based fee. Flat fee's for example. In my biased opinion, real estate is sales, and should pay accordingly. Why are sales people in almost all industries paid on a percentage commission, MOTIVATION. Sales is hard work, and money can be a great motivator.

Selling a house is a complex process and takes several people from title, lender, escrow, agent, broker, transaction coordinator. Getting them all to work together is not always an easy process. The best method known to get them all to work together is to pay them when the title has changed hands. This is the best way to insure they all do their job well. Flat Fee companies get paid first, removing them from this insurance.

I wish you luck and a great agent in Des Plaines.
1 vote Thank Flag Link Wed Jan 16, 2008
In Tennessee, it is never set in stone. It would depend on what kind of agent and services you are looking for. For instance, a full service REALTOR would be able to offer more services for a percentage of the home's sale amount. If you list it with, say, a 6% commission, it would be six percent of the sales price of the home, not the original amount it was listed for. The commission will vary and no one is 100% sure of what the end sales price will be. I would highly recommend interviewing several REALTORS in your area to see how they compare in the marketing and advertising arenas, marketability and available resources they are a part of before listing your home.
1 vote Thank Flag Link Wed Jan 16, 2008
I don't think you'll get many if any answers to this question because it's illegal and unethical for agents/brokers to do so in a public venue such as this.
0 votes Thank Flag Link Wed Jan 16, 2008
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