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MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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REA costs...
when you sold your home, what percent did your REA charge you? or if you are a REA, can you tell me what you charge? you can fm me with the info if it's too personal. thanks.
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Posted 4/30/07 3:09 PM  |
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Prudential Douglas Elliman Real Estate
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: REA costs...
The company I work for charges 5% or 4% for an exclusive listing
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| Posted 4/30/07 3:12 PM |
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NJmom
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Member since 8/05 4987 total posts
Name:
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Re: REA costs...
ours was 5% (2.5% for buyers agent and 2.5% for listing agent). but since we are also using the same agent to purchase our new home she dropped the commission on the sale to 4.5% (2.5% for buyers agent and 2% for listing agent).
eta: when we were looking and my agent was sending me listings, it seemed like most were 5%
Message edited 4/30/2007 7:43:04 PM.
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| Posted 4/30/07 3:26 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: REA costs...
i charge 4.5% (2.5% for me, 2% for the selling agent)...but I drop my commission by 1% if i sell it myself.
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| Posted 4/30/07 3:39 PM |
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MrsT
Enjoying wedded bliss.....
Member since 4/06 1323 total posts
Name:
Katrina
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Re: REA costs...
I charge 6% (3% for buyers agent and 3% for listing agent) but I have reduced my commission to 4% - 5% for exclusive listings, more expensive properties & for personal friends.
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| Posted 4/30/07 4:09 PM |
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hbugal
Lesigh
Member since 2/07 15928 total posts
Name:
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Re: REA costs...
Depends really but any where from 4% - 6% is the going rate.
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| Posted 4/30/07 6:47 PM |
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Serendipity
Summer!
Member since 4/07 7631 total posts
Name:
PrayingWishingHopingALOT
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Re: REA costs...
Ours is 4%.
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| Posted 4/30/07 7:23 PM |
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MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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Re: REA costs... (update: another question at bottom)
thank you for the responses... sorry, i don't know much about this - i know normally you would go through the same agent to sell your home and buy a new one... does it make any difference if i am only selling and won't be using an agent for my next purchase?
thanks!
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| Posted 5/1/07 12:18 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: REA costs...
Posted by MrsKelly
thank you for the responses... sorry, i don't know much about this - i know normally you would go through the same agent to sell your home and buy a new one... does it make any difference if i am only selling and won't be using an agent for my next purchase?
thanks!
your selling agent would probably PREFER to have you buy a house through them too, but they can PREFER anything they want, it doesnt mean you have to do it! unless you signed a buyer agency agreement with them, you are free to use whomever you like! happy shopping krista! 
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| Posted 5/1/07 12:52 PM |
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MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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Re: REA costs...
Posted by alnem
Posted by MrsKelly
thank you for the responses... sorry, i don't know much about this - i know normally you would go through the same agent to sell your home and buy a new one... does it make any difference if i am only selling and won't be using an agent for my next purchase?
thanks!
your selling agent would probably PREFER to have you buy a house through them too, but they can PREFER anything they want, it doesnt mean you have to do it! unless you signed a buyer agency agreement with them, you are free to use whomever you like! happy shopping krista!
the agent that i've been speaking to knows our situation - we're going to be buying my grandfather's house, so there won't be any agents involved in that, and only one lawyer. it will be nice and easy i was just wondering if that affected the commission the REA gets for selling our house, in any way. like i said, i haven't a clue.
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| Posted 5/1/07 1:18 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: REA costs...
I usually charge 5% - 3 for me, 2 for the agent who brings in the buyer.
If I sell it myself I will drop the comission 1%.
If another Pru agent sells it I will usually drop it about 1/2%.
Good luck with your selling and buying process! 
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| Posted 5/1/07 1:30 PM |
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