[stadry]

understand its been cut from 6% to 5% - anyone else hear the same ? reason not given

[Toymeister]

If true it reflects market reality,. I've used MLS Realtors at 3% (total commission) in TV.

[Stu from NYC]

If true for MLS realtors would think they would not promote a 3% commission house as hard as a 6% one.

[Toymeister]

Originally Posted by Stu from NYC

If true for MLS realtors would think they would not promote a 3% commission house as hard as a 6% one.

Well, you are talking to me. Do you want to see my listing agreement for 3% or do you want the Realtors name (PM me) so you can verify to your satisfaction?

The way any MLS listing works in a two agent sale, is the selling party gets 2.5%. This is common, 3% to selling agent is not common. The listing agent under my listing agreement gets .5% not much. No ads, if you want professional pictures you can provide them. My cost for those was 200.00. You get MLS exposure, also Zillow and Trulia. On the flip side this guy gets a couple grand for a few hours work.

Most homes are not sold by the listing agent, a simple fact.

[charlieo1126@gmail.com]

Originally Posted by Toymeister

Well, you are talking to me. Do you want to see my listing agreement for 3% or do you want the Realtors name (PM me) so you can verify to your satisfaction?

The way any MLS listing works in a two agent sale, is the selling party gets 2.5%. This is common, 3% to selling agent is not common. The listing agent under my listing agreement gets .5% not much. No ads, if you want professional pictures you can provide them. My cost for those was 200.00. You get MLS exposure, also Zillow and Trulia. On the flip side this guy gets a couple grand for a few hours work.

Most homes are not sold by the listing agent, a simple fact.

maybe that stops another useless thread of rumors and fake news

[Jayhawk]

Originally Posted by Toymeister

Well, you are talking to me. Do you want to see my listing agreement for 3% or do you want the Realtors name (PM me) so you can verify to your satisfaction?

The way any MLS listing works in a two agent sale, is the selling party gets 2.5%. This is common, 3% to selling agent is not common. The listing agent under my listing agreement gets .5% not much. No ads, if you want professional pictures you can provide them. My cost for those was 200.00. You get MLS exposure, also Zillow and Trulia. On the flip side this guy gets a couple grand for a few hours work.

Most homes are not sold by the listing agent, a simple fact.

Apples to oranges. You get what you pay for, obviously.

[JohnN]

It's still a goldmine for the realtors.

[vintageogauge]

Originally Posted by Toymeister

If true it reflects market reality,. I've used MLS Realtors at 3% (total commission) in TV.

At 3% yours would be the last home an agent would show, they want full commissions not 1/2 commissions. Cheaper isn't always better.

[manaboutown]

Friends of mine who have bought and sold many houses related a story to me. They were being shown homes by a mother-daughter team which had a paper list of houses to show them which revealed the commission to be paid on each house. The daughter ticked off the houses to see one after another to the mother who was driving. My friend is a tall guy and he could read the list over the daughter's shoulder. They were were being shown houses from the highest to lowest commissions in order, literally.

[Toymeister]

Originally Posted by vintageogauge

At 3% yours would be the last home an agent would show, they want full commissions not 1/2 commissions. Cheaper isn't always better.

Virtually all homes sold by the non listing agent are 2.5%. It does not matter if you use (insert your favorite here) realtor or mine the selling agent gets the same.

So is more expensive better? If you need hand holding yes. That covers most sellers particularly those that are prone to posting here. If you don't then, yes cheaper is better, to the tune of thousands of dollars.

[graciegirl]

Houses here are much desired. Many people find a good lawyer and list them for sale by owner. We were approached by a person wanting to buy our house and we weren't quite ready to make the permanent move to a bigger house but after thinking about it we decided to come here full time. We closed then with McLin and Burnsed. It cost us to split about $750 nine years ago.

[JoMar]

Originally Posted by Toymeister

Virtually all homes sold by the non listing agent are 2.5%. It does not matter if you use (insert your favorite here) realtor or mine the selling agent gets the same.

So is more expensive better? If you need hand holding yes. That covers most sellers particularly those that are prone to posting here. If you don't then, yes cheaper is better, to the tune of thousands of dollars.

Will be nice to know when it was listed and how long it takes to sell.

[retiredguy123]

I would be willing to list with a full priced agent, but I want them to provide a written marketing plan that they would need to implement, and I would require them to allow me to terminate their contract if I lose confidence in them. Also, if they bring you an offer that is less than full price, you have the option to renegotiate the commission at that time. The stated commission is only applicable when the buyer pays the full listing price, which doesn't usually happen. So, you can agree to a 5 or 6 percent commission, but it is only legally enforceable when the seller gets the full listing price.

[Jayhawk]

Originally Posted by retiredguy123

So, you can agree to a 5 or 6 percent commission, but it is only legally enforceable when the seller gets the full listing price.

I think you skipped class in Law School when they explained contracts.

[retiredguy123]

Originally Posted by Jayhawk

I think you skipped class in Law School when they explained contracts.

Every listing contract I ever signed stated a sale price for the house. The seller is not required to sell the house for a lower price. With several houses I have sold, I renegotiated a lower commission with the listing agent in exchange for accepting a lower price. That is my understanding of how a listing contract works.