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re: National Association of Realtors agrees to end 6% commissions
Posted on 3/15/24 at 10:13 am to TeddyPadillac
Posted on 3/15/24 at 10:13 am to TeddyPadillac
quote:
ok, so are they going to charge 8% instead?
Let’s say they switch to a flat rate.
15k per transaction.
On a 100k house, that is 15%.
On a 200k house, that is 7.5%
5
Posted on 3/15/24 at 10:16 am to Tarps99
Or they could do like most every countries and charge an hourly rate for their services depending on how much you use them.
This post was edited on 3/15/24 at 11:22 am
Posted on 3/15/24 at 10:35 am to Tarps99
quote:
Let’s say they switch to a flat rate. 15k per transaction. On a 100k house, that is 15%. On a 200k house, that is 7.5%
Good thing houses aren’t selling for the prices in your made up scenario.
Posted on 3/15/24 at 10:54 am to Tarps99
It'll more likely be a staggered commission. When I sold my condo about 10 years ago, the realtor agreed to 6% on the 1st $100k and 4% after. Market value was $135k, we sold for $120k.
I thought it was strange the percentages weren't flipped to incentivize her to try to get a higher price, but this is what I envision their commission rates moving to.
I thought it was strange the percentages weren't flipped to incentivize her to try to get a higher price, but this is what I envision their commission rates moving to.
Posted on 3/15/24 at 11:25 am to Tarps99
quote:That's ridiculous. I've sold two homes and bought two others all without any realtor. It's not that difficult and certainly not worth 15k.
15k per transaction
Posted on 3/15/24 at 6:03 pm to Tarps99
quote:
15k per transaction.
On a 100k house, that is 15%.
On a 200k house, that is 7.5%
Why do you feel $15k is reasonable renumeration to sell a $200k house?
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