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Do all realtors charge the same percentage rates?

Do all realtors charge the same percentage rates?

Asked by Anonymous | Birchwood, WI| 09-24-2021| 1,719 views|Working With an Agent|Updated 3 years ago

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Michael AtkinsonReal Estate Agent2 months ago

No, they are negotiable.

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Juan PicosReal Estate Agent2 months ago

No. Real estate agents do not all charge the same commission percentage. Commissions are negotiable and can vary depending on the agent, brokerage, local market, the services provided, and the complexity of the transaction. When comparing agents, don't base your decision solely on the commission. Consider their experience, marketing strategy, communication, negotiation skills, and track record. An agent who charges a slightly higher commission but helps you sell for a better price or avoids costly issues can provide greater overall value. The best approach is to interview a few agents, ask what services are included in their fee, and choose the one who offers the best combination of expertise, service, and value for your situation. Juan Picos, Realtor

Juan PicosReal Estate Agent3 months ago

No. Real estate agents do not all charge the same commission or percentage. Compensation is negotiable and can vary based on the local market, the type and value of the property, the services being provided, and the individual brokerage's business model. Some agents offer full-service representation with comprehensive marketing, professional photography, pricing analysis, negotiations, and transaction management, while others may offer a more limited-service approach at a lower fee. That's why it's important to compare not only the commission, but also what is included. When interviewing agents, ask: * What services are included in your fee? * Are there any additional marketing or administrative costs? * How will you market my property? * How do you communicate with clients? * What makes your service different from other agents? The lowest commission isn't always the best value. An experienced agent with a strong marketing and negotiation strategy may help you sell for a higher price or avoid costly issues, which can outweigh a small difference in commission. Before signing a listing agreement, make sure you understand the compensation terms and that everything is clearly documented. Juan Picos, Realtor

Zoltan PeresztegiReal Estate Agent3 months ago

No, and it would actually be illegal if they did. Real estate commissions have never been set by any law, board or association. Agents and brokerages setting rates together is price fixing, which is a federal antitrust violation. So anyone who tells you "the rate is six percent, that is just what it is" is describing a local habit, not a rule. That is the old answer, and it was true when you posted this in 2021. Here is what has changed since, because it is significant and anyone reading this today needs it. In August 2024, the practice changes from the National Association of Realtors settlement took effect nationwide. Two things are different now: First, an offer of compensation to the buyer's agent can no longer be advertised on the MLS. It used to be posted there, which quietly standardized it. Now the buyer-side fee has to be negotiated directly, either in the purchase contract or separately, and it is visibly a separate number from the listing side. Second, a buyer has to sign a written buyer-broker agreement before touring homes with an agent who participates in the MLS. That agreement states the buyer agent's fee and who is expected to pay it. The practical effect for you as a seller: you are now negotiating two numbers, not one. What you pay your listing agent, and whether you are willing to contribute toward the buyer's agent as a concession. Those are separate decisions and you should treat them separately. Reported averages in 2026 run roughly 2.8 percent on the buyer side and total commissions in the neighborhood of 5.0 to 5.5 percent, compared with 5.4 to 6.0 percent before the settlement. Treat those as reference points, not as a quote. Yours will depend on your price point, your property and what services you actually want. What that means when you interview agents: - Ask each one what they charge on the listing side, as a plain number. - Ask separately what they recommend you offer the buyer's side, and why. Zero is a legal option. Whether it is a smart option depends entirely on your local market and how many buyers in it are financing their agent's fee out of pocket. - Ask what is included at that number. Professional photography, floor plan, video, print, syndication, staging consult, open houses, who covers the cost when a price change or new photos are needed. This is where the real variation lives. And do not shop on rate alone. The gap between agents is much wider than the gap between their fees. A one percent difference in commission on a 300,000 dollar house is 3,000 dollars. An agent who prices your house wrong by five percent costs you 15,000. The commission is the smaller number in almost every case. One more honest note. In a lot of markets, agents who compete purely on being cheapest are cheapest because they are doing less, and the thing they are usually doing less of is negotiating. You want to find out what you are actually buying, not just what you are paying. I am a real estate professional, not an attorney. Commission and agency practice have some state-specific wrinkles, so a Wisconsin agent should walk you through the local version. I am Zoltan Peresztegi and I work in Los Angeles and the South Bay, including the Palos Verdes Peninsula. Wisconsin is outside my market, so I will not guess at Birchwood norms. Message me and I will connect you with a strong agent up there at no cost to you. Interview three. Ask all three the same questions. The spread in the answers will tell you more than the spread in the rates. Zoltan

Keith Jean PierreReal Estate Agent5 months ago

No, commissions are negotiable. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Julie BrownReal Estate Agent3 years ago
Novice1 Answer

No all agents do not charge the same rate of commission. I always recommend interviewing at least 3 Realtors when looking to sell your home.

Jeannie Ricke-FinleyReal Estate Agent5 years ago
Rising Star11 Answers

Glad you asked! Percentage rates can vary. You usually get what you pay for. Some rates seem low but have hidden fees at the end of the transaction. Be wary! My suggestion is to go with a Larger Agency that has a GREAT Reputation! Just as you would not buy a Luxury car for the Price of a Jalopy. You get what you pay for.

Alexandra Vinson ShepardReal Estate Agent5 years ago
Novice2 Answers

Hi, this is a great question! Every realtor is their own business so to speak, so they each set their own prices.

Edie PhillipsReal Estate Agent5 years ago
Novice2 Answers

The majority of Certified Real Estate Agents charge the same commission rate to list a home. There are some Agents that have differing rates based on what services they offer to a client.

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