irvineboy said:My friend is thinking of listing her house. She lives in Orange County and she said agents she has interviewed range from 6% to 5% commission. She wants 4% but indicates no agent wants to take it. Is 2.5% on both sides a minimum to get traffic these days?
irvineboy said:My friend is thinking of listing her house. She lives in Orange County and she said agents she has interviewed range from 6% to 5% commission. She wants 4% but indicates no agent wants to take it. Is 2.5% on both sides a minimum to get traffic these days?
I think that sellers should have the right to be able to negotiate their commission and not just get "stuck" with paying what the perceptive norm of 5-6%. Just like RedFin has empowered both buyers and sellers and opened up that realtor blackbox known as MLS to the public. There's no one right answer on what various sellers should pay to sell their home (homes at different price points need different marketing strategies) but it's time that the commission structure changes to something more progressive. I'm just trying to come up with something fair and reasonable for myself and my clients. As my grandfather used to tell me...."the greedy can lose out twice."bones said:USCTrojanCPA said:So how is that fair to both the seller of the Irvine home and the listing agent of the Corona home? Guess what, it's not.
So us irvine sellers should get on the "agent fees aren't fair" whining list behind those folks in Newport, Bay Area, Manhattan, etc, etc?
I do agree that at certain price points, the 6% (or 5%) gets pretty vulgar but in those type of properties, there's usually a pre-negotiated flat fee or sliding scale fee.
I can see both sides of the argument here, but that's why I don't think a seller should focus so much on the fee, but rather focus on finding an agent with a good reputation. I haven't used either IR2 or USCTCPA but just based on the good word from all these TI peeps, I would also start there!
+1 Very well put.irvinehomeowner said:It's simple, a good agent will be flexible and give you options.
If not, move on.
I'm not an agent but no commission is paid until the house sells.blocks said:Does the selling agent get commission even the house falls out of escrow?
The selling agent does not get any commission if the home does not close escrow and does not get reimbursed for their marketing expenses related to the listing.blocks said:Does the selling agent get commission even the house falls out of escrow?