Belt Auction

What is the average commission percentage given to real estate agents for selling your home?

I'm planning to sell my home. I'm planning to work with a real estate agent that was referred to me through the internet, who will get a 6% commission upon sale of my home. I want to know if this is a normal rate or is it too high? Basically I want to know if I should look for another agent who charges a lesser commission rate or stick with this one.

Public Comments

1. 6% is the current rate given in most U.S. markets. But you can negotiate if you like. Just remember the most important thing is that you choose the right agent for you. We researched several and interviewed 3 when we sold our home and picked someone who understood our needs the best. Most agents in your area will probably seek the same commission. So look for the best agent for you instead of the lowest commission.
2. I'm an agent in Georgia and 6-7% is average. Usually the agent will do a marketing analysis to find out how much properties have sold in your area and then put his/her fee on top of that amount so essentially, the 6-7% isn't really coming out of your pocket. Also, everything in real estate is negotiable so you can ask for a lower amount but keep in mind you get what you pay for so if you try to low ball the agents commission, you may end up with them not doing a quality job.
3. 3% for the seller agent 3% for the buyer... so he probebally plan on doublle commission, means represent you and the buyer. so is the right price in particular... in general... hmm... i think is way too high... but am sure all brokers will disagree :))
4. 6% is absolutely the going rate-- but HALF that goes to the buyer's agent (its rare that the listing agent finds the buyer on their own)...and so they really only get 3%....and that must be split between them and their broker-- so they arent making as much as you think they are. You might find a 'discount' place but you need to pony up the full 3% for the buyer's agent becuase they will expect that amount or they might not even show yoru house to buyers. Add your listing agent's comm. on top of that. You're at ATLEASt 5%.
5. 6% is kind of basic; however; you can generally negoitate with your agent.There are alot of homes on the market and each agent wants a sell. Agents work mostly on 100% commission. I'd say ask him or her if they will accept a lesser commission. You'd be supprised at the answer.
6. The 6% was more of a standard rate in the past, but with the increase in housing prices over the last couple years, the 6% is becoming a larger and larger expense for the exact same work. Discount brokers have been popping up like wildfire preferring to work on volume instead of higher commissions and from my understanding it is working out well for everyone (except those who charge too much). It is usually negotiable and I would absolutely negotiate. If your broker doesn't want to negotiate, you can always find another broker. There are thousands of them with recent real estate run-up. I used a discount broker who charged a flat fee and offered the buyer's broker 2.5%. All in all, it cost roughly 3.5% of my sale price. Aside from more dollars in my pocket, there was absolutely no difference.