listings: What Is A "Fair Commission" For A Real Estate Broker?
- 07/13/10 09:05 AM
Commissions - that is how we make our living and pay our bills and it is the first thing that goes on the "chopping block" when monies need to be "saved" in a transaction. Lawyers aren't asked to reduce their fees, and no one ever disputes any other fees it is the Broker who takes "the haircut" in order to "save the deal." So what is a "Fair commission"? Generally, land deals are a flat ten percent unless the price point is in the millions of dollars, then it will be reduced. For commercial real estate sales I charge six percent; the … (2 comments)
Commissions - that is how we make our living and pay our bills and it is the first thing that goes on the "chopping block" when monies need to be "saved" in a transaction. Lawyers aren't asked to reduce their fees, and no one ever disputes any other fees it is the Broker who takes "the haircut" in order to "save the deal." So what is a "Fair commission"?
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