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Started By
Message
Most common commision charged
Posted on 10/12/17 at 11:38 pm
Posted on 10/12/17 at 11:38 pm
On a residential real estate sale?
Ever heard of 6% on fist 100k then 3% on everything after?
Ever heard of 6% on fist 100k then 3% on everything after?
6
Posted on 10/13/17 at 12:29 am to Tigeralltheway
Sounds like a load of bs. 6% is common but 3% is usually to listing agent and 3% to buyers agent. Then x% to broker.
Whoever is selling you that is basically trying to double back on what they have to give up.
Whoever is selling you that is basically trying to double back on what they have to give up.
Posted on 10/13/17 at 5:04 am to Tigeralltheway
6% is all you should pay. Get another agent if needed. As long as it is on the MLS, it will get seen and sold.
Posted on 10/13/17 at 5:21 am to MadDoggyStyle
I don’t think you’re getting the math on this one. 6% of the first 100k is $6000 and an additional 3% on a 200k sale would be a 9k commission.
Straight 6% on a 200k sale is 12k.
Which would you rather pay?
ETA: that’s total commission paid to both realtors. It reduces the overall commission.
Straight 6% on a 200k sale is 12k.
Which would you rather pay?
ETA: that’s total commission paid to both realtors. It reduces the overall commission.
This post was edited on 10/13/17 at 5:24 am
Posted on 10/13/17 at 6:43 am to Tigeralltheway
Yeah that is really common in Nola are MLS.
There is usually a guarantee on the first 100k, then a variable amount on the remainder like you described.
It's the most common fee structure I have seen
There is usually a guarantee on the first 100k, then a variable amount on the remainder like you described.
It's the most common fee structure I have seen
Posted on 10/13/17 at 6:44 am to VABuckeye
Yea vabuckeye has it right
Posted on 10/13/17 at 9:51 am to Tigeralltheway
Yes that's common. And whatever they quote you is split by both agents.
Posted on 10/13/17 at 3:40 pm to VABuckeye
Yeah, I read that all wrong. I thought they wanted 9% total after $100k. 
I hope your scenario is right but it wouldn't surprise me if they were asking for 9%.
I hope your scenario is right but it wouldn't surprise me if they were asking for 9%.
This post was edited on 10/13/17 at 3:42 pm
Posted on 10/13/17 at 5:13 pm to Tigeralltheway
quote:
Ever heard of 6% on fist 100k then 3% on everything after?
that's the agreement I made with my agent when I sold my house back in '02
Posted on 10/13/17 at 8:40 pm to MadDoggyStyle
quote:
6% is all you should pay
I think its ridiculous that they get paid anything over 4%. Real estate commission is highway robbery
Posted on 10/13/17 at 9:41 pm to Roberteaux
Totally agreed
Posted on 10/14/17 at 8:22 pm to Tigeralltheway
In Mississippi, if you are FSBO, you can get a 2% to a broker who brings you the sale.
Otherwise, it's 6% for the first $100,000, and 4% thereafter.
Otherwise, it's 6% for the first $100,000, and 4% thereafter.
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