dave.bennett, Home Buyer in Pleasanton, CA

What is the approximate commission % for sales of homes in Pleasanton CA for a home price of approximately $1,750,000?

Asked by dave.bennett, Pleasanton, CA Sat Oct 27, 2012

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11
Michael Tess…, Agent, Fremont, CA
Sat Oct 27, 2012
BEST ANSWER
Mr Bennett,
Based on your profile it appears you are asking this question as a "buyer" and if that is the case the commission charged to you in nothing..in most cases the seller pays the commission via their agreement with whomever is representing them in the sale of the property however if you are asking this question because you are looking to hire an agent as a "Buyer's Agent" and will be signing an Exclusive Buyer's Broker's Agreement where you may be paying the commission then the same circumstance applies as it would when listing a home and that is the commission is negotiable. In Pleasanton at this current time there is NO FIXED Commission but on the REALTOR MLS most selling agents are offering the Buyer's/Selling agent 2.5 to3% of the contractual sales priced agreed to by the seller and the buyer at the close of escrow...what most buyer's and seller's don't understand is that fee is then divided by the agent and the broker/company they work for and all of the agents expenses have to be paid out of the commission including gas, car payments, cell phone bills, board/mls fees as well as taxes, insurance, and fees that their company/broker may charge so what may seem like a lot of money when all is said in done actually comes out to what someone who could afford to buy a home of this price range would make in a month.
Should you have any further questions or concerns feel free to contact me and I would be happy to discuss this or any other real estate issue with you.
Wishing you the very best in your home search,
Michael
0 votes
Maria Cipoll…, Agent, Coral Springs, FL
Sat Oct 27, 2012
Real estate agents or borker can not set an 'standard comission" , that is the reason that real estate comissions are negotiable. If you are looking for either buyer's agent or "listing agent" you can interview a few real estate agents and they may give different answers.

Best of Luck,

Maria Cipollone

Century 21 Tenace

http://www.Flahomespecialist.com
1 vote
bluewickedbu…, Both Buyer And Seller, Mill Valley, CA
Thu Nov 29, 2012
dave, you bet your life you are paying the commission. You pay the seller and in turn money ends up as commission to the agents. Where did that money come from? YOU! The more buyers wake up and realize that all money flows from the original point - the buyer, the more you can equalize your standing in the process. All the talk about how it is the seller paying the commissions is nonsense and doubletalk.

First, who in their right mind would risk nearly 2 million dollars, with all the potential to sway the purchase price with an agent paid by the very people who benefit from you spending more and not less? Times are changing, slowly but buyers are waking up and seeing through the mirage of commissions and who pays for what. Without you giving money to seller, there are no commissions, period.

A buyer can simply pay their buyer's agent commission directly and in the offer state as much, stipulating that the offer is net to seller minus any commission seller pays their own agent. It isn't hard to do and no, the seller agent doesn't get to keep the buyer agent's commission. That is more doubletalk, fabricated by real estate agents to make sure agents get more commission.

You can pay no more than 1% in a lot of cases for a house of this price. When you read the comments that will follow about agents not willing to accept that, never mind, plenty others will.

Write your offer with the help of an attorney to insure your offer is properly written. An offer with contingencies written by a real estate agent is barely defensible if things go badly and end up in court or mediation. Get smart, shop what you think is a good commission.

Asking a real estate agent what a commission should be is the same as asking the car dealer what you should pay for the car. Guaranteed to be too much.
0 votes
Scott Godzyk, Agent, Manchester, NH
Mon Oct 29, 2012
Dave for the agents who have answered your question with a an amount, they have now violated federal laws for antitrust. No agent can quote what is charged in an area for an average or for competitors in a public forum. You can however call or email agents and they can tell you what they charge, the most important thing is what you will get for what someone will charge. you want full time, full service from a local agent who is WELL experienced in the area and type of home you are looking to sell. They should have an extensive marketing and advertising plan and stand by you through each step of the selling process.
0 votes
Ron Thomas, Agent, Fresno, CA
Mon Oct 29, 2012
This shouldn't make any difference to you, for two reasons:
You don't pay your Buyer's Agent's Commission; it is paid by the Seller, out of the Escrow.
And,
This is the Agent's income; it is really none of anybody's business.

Concentrate on your new home, and leave this part out.
0 votes
Michael Koen…, Agent, Pleasanton, CA
Mon Oct 29, 2012
Currently, there are about 20 properties listed in Pleasanton priced between $1.5M and $2M. The average commission to the buyer's agent is 2.575%. There is no way of knowing exactly how much the Listing agent (seller's agent) is making.

As discussed in detail already, commissions are negotiable. However, the primary commission negotiation happens between the Listing agent and the seller, as ultimately, it's the seller who pays all commissions. Based on that negotiation, an amount is offered to the buyer's agent, which is not very negotiable (kind of a take it or leave it offering).

Does this answer your question? If not, please message me for clarification.

Cheers!
0 votes
JoAnn Wheeler, Agent, San Ramon, CA
Sun Oct 28, 2012
Mr Bennett,

The commissions are paid by the seller. It is pretty standard that the rate is between 5-6%. It is split evenly between the buyers and sellers agent.
What people need to understand is that this fee pays for many things which buyers and sellers do not see. The fee is across the board whether you are looking at a $150,000 house or a $5 million dollar house.

Good luck.

JoAnn
0 votes
Walter 'Skip'…, Agent, Brea, CA
Sun Oct 28, 2012
The total commission the seller will pay is approximately 5-6%.
Good luck,
0 votes
Don Tepper, Agent, Burke, VA
Sun Oct 28, 2012
It's precisely what the seller and listing agent negotiate.

If you're a home buyer (you listed your question under "Home Buying," it's none of your cotton-picking business. The seller's paying it, not the buyer.

If you're the seller, call around and interview 3 or more agents. That'll give you an idea of what some agents in your area charge. From that point, you begin negotiating.

Hope that helps.
0 votes
Terry Bell, Agent, Santa Rosa, CA
Sat Oct 27, 2012
It doesn't matter what the commission is, if your home doesn't sell! Interview a few agents and ask them about the comps. Your agent is going to have to work hard, spend money on advertising and use a lot of high level sales skills to help you reach your goal. If you were hiring a CEO for a dot.com you would be thinking, what can I offer to get the best, and yet, when it comes to getting a realtor, how often the thinking is, how can I cut out the middle man. Your agent will earn his/her keep!
0 votes
Steve Mohseni, Agent, Pleasanton, CA
Sat Oct 27, 2012
Dave,

Broker's compensation/commission is a negotiable item and there is not fixed rate schedule to share with you on a public forum such as Trulia. Commission can vary based on number of factors such as condition of the property, list price, market condition,...... Give me a call; I would be happy to get more specific with you once I have more specific information from you about your property and hopefully be able to earn your business.

Best wishes,
Steve Mohseni
0 votes
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