Quote:
Originally Posted by jimbo2012
Trish, if you're the listing agent, here in NY on MLS that means if another agent sells your home they split the comiss.
If that's the case it may be shying others broker away or said another way you're only paying half?
Just a thought as to why it's taking long?????
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It doesn't make any difference...whoever has the listing (in this case, my broker) will be giving the selling company 3%. Typically when a home is listed, the listing company charges the seller a fee (usually 6 or 7%)..out of this whoever brings the buyer will be receiving half (3-3.5%). As a side note...for anyone that thinks we agents are making money hand over fist by charging 6%..you have to understand..if I list a home for 100K and receive a comission of $6000...half of that goes to the buyers agent...half of what's left goes to my broker and then I pay a 12% fee to the company on top of that...therefore...I end up with $1320 that I now have to pay taxes on. Out of that I also have to pay for the sign and advertising....by the time it's done, I MAY be able to supersize at Mcdonalds!
. We won't even talk about the cost of gas when working with buyers that then decide, after looking at 25houses, that they either changed their minds about buying or buy a for sale by owner...urrrg. Trust me, I'm not complaining...I love my job..just giving you a little insight.