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maiden
Whoa!
Member since 5/08 1814 total posts
Name:
T
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What is standard real estate agent commission?
I don't have an agent right now (I am looking to buy a house), but I was wondering how much commission real estate agents usually get.
TIA
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Posted 3/2/10 7:57 PM  |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: What is standard real estate agent commission?
i think 4% has been the going rate?
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| Posted 3/2/10 7:58 PM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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Re: What is standard real estate agent commission?
Do you mean a buyers agent? Ours was 2% I think.
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| Posted 3/2/10 8:06 PM |
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SummerMom
Now a mom of 2!
Member since 6/07 4970 total posts
Name:
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Re: What is standard real estate agent commission?
If you are buying, you don't pay the commission. It comes out of the price of the house (ie, the sellers' profit). A RE Agent is always free for the buyer to use.
There is a fixed % of the house that the agents will get for commission. 4% is pretty standard, and the MLS will specify how it's split. It's on the more detailed MLS listing that agents can see and you can't.
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| Posted 3/2/10 8:41 PM |
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waterspout4
My loves
Member since 5/06 19150 total posts
Name:
Kelly
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Re: What is standard real estate agent commission?
Posted by alli3131
Do you mean a buyers agent? Ours was 2% I think.
Ours was 2% for the buyers agent. The commission for the seller's agent came from the sellers.
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| Posted 3/2/10 8:43 PM |
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KittyGags
LIF Adult
Member since 7/09 5614 total posts
Name:
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Re: What is standard real estate agent commission?
I didn't think as the buyer that you paid commission. I thought it all comes out of the seller, thats why there is no disadvantage to using an agent as a buyer.
Should it end up buyers agent & sellers agent, they each get 2%. If the listing agent sells it to their own customer (who has no agent) they get all 4%.
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| Posted 3/2/10 9:12 PM |
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Re: What is standard real estate agent commission?
Posted by KittyGags
Should it end up buyers agent & sellers agent, they each get 2%. If the listing agent sells it to their own customer (who has no agent) they get all 4%.
this isnt always the case. it all depends on what the listing agreement reads. if the commission total is 4% it doesnt always mean the selling agent will get 2%. sometimes the offering is only 1-1.5%. its not always split evenly down the middle.
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| Posted 3/2/10 9:33 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: What is standard real estate agent commission?
It's not always split evenly- but that is rare to see on mlsli
But average is 2%/2%
Rarely 3%/3%
I have seen some 1.5% lately
And HUD foreclosures pay 5% to who ever sells them- only 1 agent involved
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| Posted 3/2/10 10:35 PM |
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