Quote:
Originally Posted by CoachKandSportsguy
Just signed a R/E agreement to sell my parent's house
Selling R/E agent commission = 2.5%
Buyer's R/E agent commission = 2.0%
If no buyers agent, Selling R/E company gets 1.5%
min commission = 4.0%
max commission = 4.5%
down from the previously combined 6 %
and down from the single R/E fee of 3% to the selling sales rep.
BUT up from a single rep, no buyers commission of the previous 3% generally agreed. .
Is the new arrangement working for the industry? I am leaning probably, but sample size 1, with my last sale 25 years ago and I don't remember the commission structure, so inconclusive.
@retiredguy123. . . I already know you won't pay the buyers commission. .
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We signed an agent representation agreement for our MA home in Sept 2024 with the following terms:
Selling R/E agent commission = 2.5%
Buyer's R/E agent commission = 2.5%
If no buyers agent, Selling R/E company gets 1.0%
We had intended to list it in Feb 2025 but signed in Sept because I wanted the pictures / drone videos taken in the Fall, before we lost all the leaves + yard went dormant.
We were approached by someone who heard we'd be listing and sold it in Nov 2024 with no buyers agent so paid 3.5%. No inspection, no contingencies, and we got to pick the closing date.
It cost us 3.5% but oh well...