Realtor Paycheck Part 2

There is no such thing as a "standard" commission. Each company may have varying rules, but there isn't one "golden" rule when it comes to realtor fees or commission. However, the old rule of thumb "you get what you pay for" generally applies to paying a Realtor as well. If I was a seller and interviewing Realtors I would run far from the one that agreed to cut or reduce commission without hesitation in order to get the listing. If a Realtor can't even negotiate on their own behalf for the one way they make a living and tell you why they deserve the commission they are asking for how well do you think they will negotiate on your behalf when you get an offer on your home? Which Realtor do you think will diligently go about the marketing, mailings, prospecting for your home that is for sale and which one will not worry if they dont send a postcard here and an email there....the one that can tell you exactly why they charge what they do or the one that has no problem cutting costs when they get too busy...That is the question sellers should be asking themselves.

Category:

People & Blogs

Tags:

• Wilmington NC
• Wrightsville Beach NC
• real estate
• jessica riffle
• the carolinas finest
• realtor commission
• realtor fees

[UltimateBargains]

For higher priced properties, I think a tiered rate approach is helpful, but be sure to "frame it" right with the seller. Example: 1st $1 million is 5%, next $500K is %6, next $250K is 7%. For $1,750,000 price the total commission is $97,500 (5.57% of total). That shows you have an incentive for getting a higher price for the seller. You'll push to get to the next pricing tier.

Two cents worth. You mileage may vary.

[Ajaces]

It's good to pay for the quality of the agent and build loyalty and a relationship.

[ohplezz]

If the value of the home is high enough, a smart Agent is willing to drop their %. Which would you rather have. 2% of 3 million or 6% of 800k? If what the seller is offering is not enough for your time, tell them thanks but no thanks. That would be better than doing a half assed job and not selling the property and then have that seller tell everybody they know that you are a waste of time. I like your videos just the same. Good Luck with your sits.

[ashtoncoleman]

You're Doing a Great Job!