Belt Auction

How do Remax Real Estate fees work?

Does Remax charge 6% or is it a flat fee?

Public Comments

1. Most Realtors charge 6% of selling price. There are some discount Realtors that only charge 4%. 3% for the Realtor and 1% to the broker as to 3 and 3 for the others.
2. All commissions are negotiable. there is no such thing as a flat fee. That term is a misnomer. Call any real estate office including ReMax. Ask them are the commissions a flat fee of 6%? or are they negotiable? If you are talking to someone with a license they will say "They are negotiable." The law is very specific on this. They must say that as it is legally required that their be no price fixing. If they say something else, they are mistaken and have forgotten how it was pounded into their brain on the state exam in numerous questions. Commissions are negotiable. By dictates of the laws of every state in US.
3. I am not sure how to answer your question. RE/MAX is a franchise, each office is independently owned and operated. Therefore, ecah office will have their own policies on commisions. I think though typically they charge their commisions based on a percentange. You would need to discuss that with the local agent. There are new companies popping up everyday, that charge flat fees. These companies are referred to, by the industry, as discount brokerages. People should really ask lots of questions, when looking at these companies, you typically don't get the same services that you would at a full service brokerage. I like to compare it to the difference between a discount store like K-mart and a department store, like Mervyns, or even Dillards. You know that you may get a similar product at K-Mart for a lower price, but you most likely will not get the same service or quality that you would At Mervyn's- you even get a Higher quality at Dillards. Sure you pay more at those stores, but the quality and service is typically much better. The same is true with Real Estate, Typically, you get what you pay for.
4. all fees are negotiable--anyone who tells you differently is risking their license. Most agents charge a percentage based on the sales price. I don't know of many full-service realty companies (as opposed to people who just post on the MLS and call it a day) who charge a flat rate...but the rate is negotiable (the gov't is strict to fight price-fixing between brokerages). That being said, a particular agent may not have full flexibility for negotiating the price because they answer to a broker who can set the brokerage rates (as long as he or she doesn't say that's standard or what "everyone charges) The biggest question to ask is what you are getting for the commission you pay. Are they advertising (anywhere beyond the MLS?) How many open houses will they do for you? Will they help you stage the house? How long until they post a sign in your yard? Do they have a website to help market your home? Good luck with (selling?) your home.