There is no such thing as a standard commission in the real estate industry. Commissions vary between companies and even between agents in the same company. Level of service is an important consideration.
Too many consumers do not take into account the difference in service they receive when they list with the agent quoting the lowest marketing fee(commission). In general, when you want better quality you often pay a higher price. When I take a listing, my office and I handle all details of marketing (signage, flyers, mailings, newspaper ads, web sites, hotline number, open houses) as well as scheduling the showings for the property. In addition, I provide any assistance I can to my clients from offer to contract to closing to make sure the deal proceeds smoothly. Most discount agents do not market as thoroughly. Many delegate much of this work to the sellers. I have seen sellers preparing their own brochures and handling their property showings. Illinois law prescribes a minimum level of service a real estate broker must provide: presentation of offers, assistance with negotiation and explanation of the forms. Illinois law does not specify marketing activities.
You don't get what you pay for. You get what you shop for. If you are thinking about listing your home, give me a call. Compare what I have to offer to what the competition is offering. Compare the marketing fees.
Prudential Starck, REALTORS