Hi Rssraj. There really is no average, each agent negotiates independantly and a lot goes into the setting of a commission rate. There is a huge difference between flat rate listing agents and full service agents. Also the commission paid out to buyers and brokers agents is important, and to a large extent determines who your home is marketed to.
Do you want a full marketing plan, or only one that encompasses free marketing? You need to sit down with a few agents and discuss their marketing plans, then discuss commission. If you pay the absolute lowest commission and your home doesn't sell, did it do you any good? There is usually a happy medium to be found where you can get a unique marketing plan, a good agent, and pay a fair commission.
My last bit of advice is to get a cancellation guarantee from whichever agent you list with. Make sure that it says that you can cancel at anytime if you are not satisfied (not if the agent doesn't do their job). This will give you the ability to switch agents if you are not happy, but also give the agent incentive to spend time and money to get your home sold because you are exclusively listed with them. Good luck, please feel free to contact me if you would like to discuss this further,
Tom Brady SFR, e-Pro, SRES, GREEN
Licensed Real Estate Salesperson
Notary Public, Ret. NYPD Lt.
"We treat you like family!"
Charles Rutenberg Realty, Inc.
255 Executive Plaza - Suite 104
Plainview, New York 11803