what are realtors commissions in Tampa?

Asked by Barbara, Tampa, FL Sat Aug 14, 2010

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12
The Ward Team, Agent, Greater Carrollwood, FL
Sun Aug 29, 2010
Barbara,
Fees are completely negotiable. We try to focus our sellers on understanding the total costs of selling a home, not just Realtor professional fees. The right expertise, combined with an amazing marketing plan and committed seller is definitely a recipe for success. In this market, a serious track record is priceless. Feel free to contact us if we can assist you in the sale of your Tampa home.

THE WARD TEAM, ABR, CLHMS, CPDE
Keller Williams Tampa Properties
813-319-6236
WardTeam@KW.com
http://www.BestHomesInTampaBay.com
2 votes
Paul Streich…, Both Buyer And Seller, Tampa, FL
Sat Oct 30, 2010
A realtor will give more priority to sell your home with a 3% commission than a 2% commission.
There's more work than one might think in helping someone to sell or buy their house.
I'd much rather give a 3% commisson than a 2% comission and get 'er done than take a chance that only offering 2% might let my property sit there and be overlooked or given a lower priority for showings.
That's the bottom line in my opinion. Does the old saying, 'You get what you pay for' ring a bell?
1 vote
Gerard Carney, Agent, Spring Hill, FL
Sat Aug 21, 2010
There are no set Rates for fees and we aren't supposed to uote Commission rates unless you are involved with a particular agent, The DBPR for the state of Florida does not want us set a market standard the would be a regulation on home prices and commissions! The fact that some of you have published commission rates even here on Q&A are pushing that limitation!
1 vote
Gerard Carney, Agent, Spring Hill, FL
Sat Aug 21, 2010
There are no set Rates for fees and we aren't supposed to uote Commission rates unless you are involved with a particular agent, The DBPR for the state of Florida does not want us set a market standard the would be a regulation on home prices and commissions! The fact that some of you have published commission rates even here on Q&A are pushing that limitation!
1 vote
Beth incorv…, Agent, Lutherville Timonium, MD
Sat Aug 14, 2010
Hi Barbara -
I agree with all that has been said here so far but I wanted to add something else...
Beyond the commission, the marketing, the effort - there are results and personal statistics that should be considered!

Lets say agent A sells homes for 98.2% of the original list price in 47 days (on average) and agent B sells homes for 96.8% of the original list in 79 days. If Agent A sells your home faster - meaning your carrying costs and expenses are reduced - and for more money, is commission the most important thing?

Ask lots of questions - and best wishes to you!
1 vote
Mary Diaz, Agent, Tampa, FL
Sat Aug 14, 2010
Hi Barbara,

Each client is different and so is the relationship they have with their Realtor. It all depends on the level of service you will like to have while in the process of selling your home.
Good luck,

Mary
1 vote
Jeff Launiere…, , Tampa, FL
Sat Aug 14, 2010
Commissions are completely negotiable. There are agents that give very limited service that charge a small commission, while others do full service and charge more. When you interview agents ask them to show you how they market a listing and how they attract buyers to your home. The commission should be based on the marketing, service and success that they have.
1 vote
Don Tepper, Agent, Burke, VA
Sat Aug 14, 2010
Same as they are anywhere else.

That means they're negotiable. Whatever you and the Realtor agree upon.
1 vote
Alan May, Agent, Evanston, IL
Sat Aug 21, 2010
Realtors commissions in Tampa, are the same as they are throughout the rest of the United States ... "completely negotiable" and between you and your Realtor.

Interview a few Realtors and ask that question.

We are precluded, by law, from discussing or quoting actual commission rates on a public website, or quite honestly, even between agent to agent.
0 votes
Alma Kee, Agent, Tampa, FL
Sat Aug 14, 2010
As far as the listing side of the commission, anywhere from $295 for a flat fee, no frills, to 4% of the sale price.

Most properties--even short sale or foreclosed properties are offering at least the greater of $1,500 or 2.5% of the sale price to the "buyer's" Realtor.

The important thing is that your listing agent pays the extra fees to Realtor.com so your home is "pre sold" before a buyer ever steps into your home. Some Realtors do not pay the extra fee and have a very limited description and no extra photos. Go to Realtor.com and put in your zip code to see how competing properties are being represented by Realtors.

If your property is worth at least $100k, it may be worth paying a licensed appraiser to give you a current market value. That way you may not make a serious error by either overpricing or underpricing. Some listing agents may overpromise with an inflated market value to "buy" your listing and alternatively some listing agents may lowball your market value to facilitate a quick and easy sale for the listing agent. The $300 you will pay for an appraisal may be money well spent because it may save you thousands of dollars because you will not be influenced by the pricing promised by some listing agents.

Hope this helps.

All my best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
http://www.SoldOnTampa.com
0 votes
Kenny Braver…, , Tampa, FL
Sat Aug 14, 2010
It's negotiable with the Realtor, each Realtor and Brokerage have there own fees. That should be discussed as part of the Listing Interview.

Please call me at 813-374-0076 - I would be happy to go over specifics with you.
0 votes
Debbi Tinker, Agent, Brandon, FL
Sat Aug 14, 2010
There are no set realtor commissions. It is something that is established by each individual brokerage and/or agent. There are many factors that can also effect what fee you agree to with an agent, for example, if you are selling your home and buying another home through the same agent they may agree to lower the percentage on the sale. There are also differences in the amount of money that agents spend on marketing of a property. Obviously the fee is important to any seller, especially if they don't have alot of equity but it is more important to have an agent that is established and knowledgable. That alone can save you thousands of dollars. The old saying "you get what you pay for" has alot of truth to it!

Best of luck to you!
Debbi Tinker
Keller Williams Realty
(813) 263-0932
0 votes
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