what is the commission rate for a commercial sales transaction?

Asked by Barbara Dervan, New York, NY Wed Sep 26, 2012

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Fajardo Dela…, Agent, Flushing, NY
Wed Sep 26, 2012
Thier are no set rates on any real estate transation, until booth parties agree to one.
0 votes
Gail Gladsto…, Agent, 11743, NY
Wed Sep 26, 2012
It is illegal to discuss commission rates on a public forum.

I would be happy to discuss the topic with you if you want to give me a call.

0 votes
Joseph Runfo…, Agent, Staten Island, NY
Wed Sep 26, 2012
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.
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Anna M Brocco, Agent, Williston Park, NY
Wed Sep 26, 2012
As a broker you really should be aware that all commissions are negotiable, there are no set standards, as it would go against the Sherman Antitrust Act......
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