In selling your home it is good to interview several agents before hiring ONE agent to represent you. Keep in mind, by law, commissions are negotiable and their is no such thing as a "standard" commission. Commissions are negotiated between the seller and the listing broker. Commissions are paid to the broker to broker and a buyer agent will receive a portion of the listing commission paid to the selling broker. As a seller, one of the questions you should ask an agent before hiring one to sell your home is,
"What is the payout in the MLS or what is the commission the buyer's agent broker will receive?"
Now, does payout make a difference? I think it does. Would you like to earn $17 an hour or have a job that pays $20 an hour? Does paying the listing broker a higher commission automatically mean I am paying a higher commission to the selling broker? NO! That is why it is important to ask what is the payout in the MLS (Multiple Listing Service) to the selling broker.
When an agent sells a home they often get asked TWO questions:
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What was the listing PRICE of the home?
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What was the PAYOUT?
Most agents are happy when the folks they represent find a home that meets their needs - no matter the payout. However, agents will not only be happy for their clients but will "high five" each other when there is a decent payout. Even with decent payout, commission alone will not sell a home. Commission is just a part of the equation, your home must be priced right. If your home is not priced right - it simply will not sell.
Thanks,
David Matney, CRS, GRI, e-Pro
Alliance Real Estate
Omaha Real Estate | Search for Omaha Homes for Sale
(402) 490-6771
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