Sell Your Home and Save Thousands on the Commission
Chapter One
Are You Paying
Too High a
Commission
When You Sell
Your Home?
Do you know what is the average commission that home
sellers pay to brokers in the United States? Is it 5 percent,
6 percent, 7 percent, or higher?
If you're thinking of selling your home, chances are you said
6 percent. Most people I've talked to believe that although some
agents may get 7 percent and a few may get 5, the standard is
around 6 percent.
But, is it really so?
Finding out the average commission paid is a tough job. National
trade organizations either don't keep records or won't release
them probably for fear of being accused of price-fixing.
Some national chains may have a flexible commission rate with a
bottom figure below which they prefer not to accept a listing, but
they are unlikely to reveal this policy. And most data-gathering
companies simply don't have this information available.
I was able to find one source: REAL Trends, an online
newsletter service that polls 500 real estate companies-both
large established chains and what it refers to as th ... read full excerpt from Sell Your Home and Save Thousands on the Commission ebook
