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RE commissions from selling a house in MA
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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The Commission has been moving towards 4.5% for the last 5-6 years, primarily based on competition from cut-rate brokers and online services. I think you paid the going rate, maybe saved .5%. Going forward for the next few years, I think 4%-4.5% is going to be where rates settle out. |
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Looks like you signed an agreement to list the house for sale, not an agreement to sell it.
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I paid a 3% commission split between selling and buying agents on the last property I sold. It ain't over 'til the fat lady sings. |
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So you sign a contract for a Broker to represent you ... then try to renegotiate, when a potential buyer shows up? Doesn't sound very honorable to me. |
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If 1% changes someone's motivation to buy or sell, they shouldn't be doing the deal. JMOYMMV |
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So either some have left the fold, because over 350 agents are not getting enough business, or additional VLS added to the 350+ agents. Either way additional new sales people for TV |
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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... |
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Every listing contract I have seen specifies a sales price. If the agent brings in a lower offer, the listing agreement is not satisfied, and I see nothing wrong with negotiating a lower sales commission. Note that I provided zero input into the initial listing price. I told the agent that she is the experienced professional, and that she should know how to price the house. She asked me for input, but I refused. |
I never paid more than 3% and I sold 3 houses in Ma over 25 years. Last home sold in 2020
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NY max = 6% total. House will sell itself at Open House in early Aug. For sure, a money grab!
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