 Unable to rent a house on benefits? |
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This may get a little long, but here goes:
I purchased a condo back in August. Throughout my search, I made a point to let everyone know that I have a dog and needed to buy a place that allowed ... |
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bud2x | If I'm selling my house thru a realtor, how much is the realtor's fee? |
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tardis_mom
|
Usually 5 or 6 percent of the selling price. This percentage is negotiable. The realtor's fee is then split between the seller's agent (your realtor) and the buyer's agent. |
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souza kid
|
i thought it was 99.1231% |
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snwbm
 |
Usually 6% of sale price |
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all4equines
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depends on the realtor you use. can be anywhere from 2% to10%. Ask the realtors, shop for one that offers low commissions. Also ask if there are any fees besides the commission so you don't get screwed w/administrative fees etc |
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venicefloridarealtor
 |
Your realtor will not get the whole 6% commission. Nor will your agent get the full 3% split on the listing side. That's a very common misunderstanding.
Think of the 6% commission as a pie. Let's say the sales price of the house was $200,000. 6% of that is $12,000, yes?
So, 1/2 of the pie goes to the listing BROKER (not the agent) and 1/2 goes to the selling BROKER. That would be $6,000 to each side.
Then, the BROKER shares their piece of the pie with the agents involved. Most agents get 50-60% of that piece of pie, depending on your individual deal.
That means, in this scenario, that the selling agent might get $3,000 - minus franchise fees, E&O insurance, and all related costs.
If your agent gets lucky, he/she might be both the listing and the selling agent, and earn $6,000 minus expenses, but your agent will never get the full 6% commission on any deal.
And all commission income is taxable by Uncle Sam.
Good luck and best wishes. |
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Clean
|
To properly answer that it really depends on where you live and who you are going through. I would do your research and find the lowest percentage with the highest credibility. What does it matter if they are cheap if they suck at getting houses sold. |
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Granny 1
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Depending on where you are some where between 6 and 10% of the selling price. |
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CHARITY G
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Five to six percent . . . A good agent is worth the money so do your homework. Look for someone who has worked in this type of market before (think early 90's) and has a clean license and good references. |
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Alterfemego
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It is negotiable. Rates vary from place to place. Talk with other people in your neighborhood to get an idea of what they agreed to. In Minnesota the rates tend to between 6-10%. |
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Keisha
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It all depends on what state, call them and ask the receptionist what would be the cost to sell my house to them. |
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SCH
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That depends on the realtor and firm you use...Century 21 is charging me 7% and if the buyer brings their own broker then my agent splits the commission with their broker (so they would both get 3.5%). |
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I_Love_McRedneck
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3% for your realtor and 3% for the seller's realtor....so 6% total. |
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