What is a reasonable fee to offer the selling broker for a house priced at about 1 million?

Asked by Laurie Macintosh, Milton, MA Tue Feb 5, 2013

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6
Sarah Goulart…, Agent, Plymouth, MA
Tue Feb 5, 2013
Laurie,
The price range of your home really doesn't matter as far as commission is concerned. Your best course of action is to interview 1-3 qualified agents from reputable companies in your area. Look at what they can offer you and make a decision based on that.
1 vote
Dorene Slavi…, Agent, Torrance, CA
Tue Feb 5, 2013
Dear Laurie,
Commissions are negotiable in every state and due to laws we cannot comment about what is reasonable and what is not. This is something you will have to made a decision on with your broker.
1 vote
Jennifer Fiv…, Agent, Red Hook, NY
Tue Feb 5, 2013
Karen your best bet would be to speak with several agents and find out what services would be offered to you. By meeting with several agents you would get a range of commissions, and of course commission rates are negotiable.

Real estate agents do not discuss commission among themselves and that is why there is not a fixed rate. A discussion between agents would be classified as some sort of price fixing which would be against the law.
0 votes
Territory.c…, Agent, MA,
Tue Feb 5, 2013
Negotiable. Anywhere from 4-6% is standard. The price of the home is only one relevant piece when deciding the %. Find out what you are paying for - have the agent give you a proposal including a marketing plan, their sales record and knowledge of the market. Price accordingly.

Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x706
Web Reference:  http://territory.com
0 votes
Sharon Lucido, Agent, Sagamore Beach, MA
Tue Feb 5, 2013
Hi Laurie,
Sounds like you are selling your home on your own. Commissions are always negotiable and they range anywhere from 4, 5 or 6%. If you are selling your home yourself you would pay half of what ever percentage you choose here to the buyers agent.

If you are simply asking what the going rate is for selling in general the price of the home does not matter. If you were to choose 5% then 2.5% would go to the selling agent and 2.5% would go to the buyers agent.

Hope this helps and good luck!
0 votes
Peter Mlaguzi, Agent, Boston, MA
Tue Feb 5, 2013
Laurie,

How are you? Is the selling broker the only broker involved in the deal or is there a listing agent? If selling broker is the only broker involved the 3% is the average. Any other questions or if I can be of any help, please feel free to contact me.

Best regards,

We don't sell homes, we sell futures!

p.s. The highest level of gratitude my clients can show me is by referring their friends and family


Peter J. Mlaguzi III
Broker/Owner
M&A Real Estate
http://www.marealestateinc.com
peter@marealestateinc.com
O:617-588-0087 x701
C: 617-233-1476
F: 617-395-6867
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