who charges the least commission on property sales in SaltLakeCity?

Asked by Scally, East Central, Salt Lake City, UT Tue Oct 19, 2010

Help the community by answering this question:

+ web reference
Web reference:

Answers

16
Anna M Brocco, Agent, Williston Park, NY
Tue Oct 19, 2010
Commissions are always negotiable between the seller and his/her agent--there are no set standards--do interview a few agents from different realty companies, then choose the one you like best, and the one who has the most to offer.
2 votes
Kevin Olson,…, Agent, Colorado Springs, CO
Tue Oct 19, 2010
Commission is completely negotiable, and everyone is going to tell you "I do!". Find the agent that is right for you, the one that is going to get the job done right and in the shortest amount of time. Remember, working for cheap does not necessarily mean you can expect results in this market.
2 votes
Kristopher F…, Agent, Salt Lake City, UT
Tue Oct 19, 2010
Hello Scally,
This a loaded question to be sure!
Of course commissions are "Negotiable" and there is no "Set Standard" in this area or any area for that matter.

You will have to interview a few brokers or agents to see who you feel will bring you the highest value...
I don't mean "House Value" I mean total value as in their marketing plan, their experience, their involvement in their own business or career and last but not least their commitment to your goal of a timely sale with the best return.

I am happy to discuss my marketing plan, my experience, my commitment to my business and career during our marketing meeting. At that time I will be negotiating for myself, my family and my reputation and if I am unable to negotiate well on my own behalf, answering all your questions and concerns with confidence, HOW could you expect me to fight to protect you when the time comes.

If you have a property to sell, I would love to meet with you.

Thanks for using Trulia!

Kristopher Furrow - Associate Broker

Member – 2010 Young Professionals Council
Salt Lake Board of Realtors

Windermere Real Estate - UTAH
Salt Lake City and Park City
2348 South Foothill Drive
Salt Lake City Utah, 84109
Direct: 801.999.8679
Office: 801.485.3151
Fax: 801.485.3152

Check out this little flyer about making the right selection...
http://www.nowshowingutah.com/mydata/files/Superman2.PNG
2 votes
Daniel Walker, Agent, Salt Lake City, UT
Wed Jan 19, 2011
Who cares? The question you should be asking is, is "Who can and will SELL MY HOME for the least commission?" Anyone one can quote the lowest or best commission and you can have anyone list your home. Actually selling your home right now will require someone who knows and understands the market and has a plan for getting your home sold. See the latest market stats at http://www.TheRealEstateReportCard.com.
Web Reference:  http://www.AtHomeUtah.com
1 vote
Mark, Agent, Oceanside, CA
Tue Apr 5, 2016
If you are looking for the lowest commission rate in Salt Lake City, the best way is to put the commission fees on the open market and let the free market speak as Realtors bid your commission rate to earn your listing. Commission fees are negotiable and can vary by zip. We find the best way to compare commission fees is to reverse-auction them. That is why we created ListingBidder.com; a free service for Sellers who can invite agents to submit their marketing plan and commission structure. It is a patent pending process that is saving Sellers thousands.

It is completely free to the Seller and there is no obligation for the Seller to pick the lowest bid or any bid. The whole time the Seller remains anonymous as we never publish your street address or contact information. Sellers can sit back and review marketing plans, commission bids, ratings and reviews. A big win for the Seller and the Agent. After all, Agents are not charged to register or bid, they have no advertising costs, and they have no obligation to bid. Give it a try: https://www.ListingBidder.com

ListingBidder.com has recent 2016 data for listing proposals from real estate agents in the western states. This data shows that on the open market, where Realtors compete by submitting their marketing proposal and real estate commission fee rate, the total commission ask ranges from 3.0% to 6.0%. These commission rates vary by zip and almost show a perfect bell curve with the bulk of these proposals falling around 4.75% nationally. Whether you are looking for the average rate in Utah or the average rate in Idaho, we have found the ask rate tends to drop as the home values increase. We would love to help you find a realtor at a competitive commission rate: https://www.ListingBidder.com

Note: These figures represent the total commission rate which is usually split between the Listing agent and the Buying agent.
0 votes
Jack Gray, Agent, Salt Lake City, UT
Fri Sep 21, 2012
Why pay high commissions to sell your home in todays market? As realtors in Salt Lake City we are all in a very competitive market, however I am in a unique situation to offer you a fantastic deal. Equity Real Estate allows me to sell homes with a fixed $499 transaction fee plus a standard $60 compliance fee. Together we can negotiate what you would like to pay me for my hard work and what you want to pay to the buyers agent.

It is an industry standard to pay 3% to the buyers agent and 3% to the listing agent, however if your home is marketed creatively it may be possible to save thousands of dollars. Many sellers chose to put their home on the market as a "For Sale By Owner". An attractive home priced competively may sell this way but there are risks. Using a licensed Real Estate Agent with a knowledgable broker is allways a good idea. Using one that will work with you on the commissions is a smart idea.

I would simply like to offer the best of both worlds by sitting down and discussing the options that are available, after all it is your home and your money.

Jack Gray
801 824-6059
jaggrays@gmail.com.
0 votes
Debra (Debbi…, Agent, Livingston, NJ
Sun Aug 26, 2012
my take is that any agent resurrecting an almost 2 year old question to give a hackneyed, worn out response needs to rethink the image they are projecting.
0 votes
Scott Hodges, Agent, West Jordan, UT
Sun Aug 26, 2012
My take is that if an agent can't negotiate their own commission then how the heck are they going to negotiate the sale price of your house while representing you while also netting you the most! Is it really worth going with an agent that is going to discount their commission when they could also be leaving your hard earned equity on the table. Just a thought......

Call me with your questions, I do answer my phone.

Scott D. Hodges
Exit Realty Success
801 330 9368
http://www.HomesWithScott.com
http://www.GoToUtahHomes.com
0 votes
Jaren Larsen, , Lehi, UT
Thu Feb 2, 2012
I agree with a lot of answers on here but as you see nobody has actually told you what their reduced commission would be. If you use me to sell your current home and I also represent you on the purchase of your next home I will drop my listing agent commission by 1% and possibly 1.5% depending on the price of your home. This can save you thousands when selling your home. The great thing about a buyers agent is that my commission will come from the seller when I represent you on the next home you buy, so this is definitely a win/win situation for you. Let me know if you have any questions - hopefully we can work together soon
Thanks
Jaren Larsen
Jaren@redstoneresidential.com
0 votes
Brandon Hack…, Agent, West Jordan, UT
Thu Feb 2, 2012
The agent who does not sell your property.

While many agents have correctly pointed out that commissions are flexible, what is the commission on a property that does not sell? zero is zero no matter how much an agent has listed as a commission on the listing agreement.

If the goal is to find the person who charges the "least"....who can beat zero?
Web Reference:  http://skiUTAHfree.com
0 votes
Shane & Cathi…, Agent, West Jordan, UT
Thu Dec 8, 2011
Should the question be who can negotiate the best deal for me? If an agent can't stand up for their own worth..how will they stand up for the worth of your home! A stong agent makes a huge difference!
Cathi Hughes
REMAX ASSOCIATES
801-518-9121
Web Reference:  http://www.shanekhughes.com
0 votes
Earl Boyer, , Cedar City, UT
Mon Dec 6, 2010
If you are really wanting to save you may try one or more of the for sale by owner sites or a flat fee brokerage. The amount of work you have to do will vary depending on what you choose. With a flat fee you will get some support and the home will be advertised on the local MLS,(exposing the home to the Realtor community Is your best bet if you want to get it sold). With for sale by owner sites you are pretty much on your own. Do some research and find out what you will be responsible for.

Considering the time and effort it takes to sell a home in our current market I feel a 5%-7% commission is well earned. If home prices continue to decline getting it sold sooner could provide a better return to you that trying to save a little on the commission. Speak with a few professionals and decide how much the home is likely to sell for, how much you want to get out of it and the expenses. If the numbers work for you then don't worry about the commission.
0 votes
David Wilson, Agent, West Jordan, UT
Tue Oct 19, 2010
Utah's Best Realty offers a "Sell for Free" program. You are just responsible for compensating the buyer's brokerage. http://www.SellForFREE.org. Full service and more.
David Wilson
Principal Broker
Utah's Best Realty
801-577-6062
Web Reference:  http://www.SellForFREE.org
0 votes
Cathy Mooney, Agent, SALT LAKE CITY, UT
Tue Oct 19, 2010
The commission charged is completely negotiable. There are also brokerages that advertise as discount brokerages. Make sure you know what services you will be receiving for the discounted amount. This is a difficult time for sellers, in this buyer's market, and you want your property to get as much exposure as possible.

Cathy Mooney, Cathy Mooney Real Estate, 801-486-9200
Web Reference:  http://www.cathymooney.com
0 votes
Charles, , Salt Lake City, UT
Tue Oct 19, 2010
As the old saying goes, everything is negotiable. The standard is 6% to both sides, but you can always speak to multiple agents, discuss what you expect of your agent, and what you are willing to pay. Eventually, you'll strike a deal. If you would like suggestions/referrals to some agents I work with, let me know.

Charles
0 votes
Don Tepper, Agent, Burke, VA
Tue Oct 19, 2010
You'll have to call around and speak to different agents. Or you may have a discount brokerage in your area. You can probably do an online search to determine if you do.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more