Quote:
Originally Posted by kstew43
as a former broward county realtor...i wouldn't get out of bed for 1%.
Broward, when I left the agency, we were getting 6/7.....sometimes 5%. Depended on how much you can get the seller to pay you.
Everything was negotiable.
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Kstew: That 5 or 6-7% commission you're talking about - wasn't that the overall commission for the home, which would then usually be split between Listing & Selling Broker (not counting cases where those were the same entity). Then the piece that went to each actual Listing or Selling Agent, within that Broker's office, would be a matter of their internal/company policy? So that, say for a $100,000 home, and a 50-50 split, the Selling Broker Office would get $3,000 if the Commission were 6%. Then, if the Selling Agent had a 50-50 split agreement with his/her Broker, the Agent would get $1,500 of the Commission. In the end, the Agent received about 1.5% of the total Sale Price. So Mike's estimate of "around" 1% wasn't that far off. I think you may have been mixing up what the Broker's total Commission was vs what the Agent got at the end.
If that's not what you were thinking......then just disregard all I said above!
