Asked by Mark, New York, NY • Fri Sep 24, 2010
I've been told different things by different people. The range seems to be 1.5% - 3%. I plan to list a house with a flat-fee listing agent, and want to keep the buyers commission in line with the norm. My first thought was 2.5%, but then the first flat-rate rep I spoke to told me I should offer at least 3%. Then another flat-rate reps told me that 3% was high for Queens, NY, although standard in other states. He said that he checked with other listings and the most common buyers broker offers he saw in this zip code were 1.5% followed by 2% with a handful that were 2.25%-3%, and he suggested I offer 1.5-2%
So now I'm thinking to offer 2% (same as listing agents offer) or maybe 2.25% since the broker will deal with me instead of a listing agent, which will probably make his job more difficult, as I am not a professional.
What are your thoughts? Thanks!
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