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HOW MUCH DO REAL ESTATE AGENTS CHARGE
This is one of the most common questions asked of Realtors "How much is your commission?", usually followed by "If I list my home with you, will you do it for less?"
It's important to remember that real estate commissions are not fixed. Selling your home in Brockville, I would guess that 80% of all listing commissions are 5%. Once and a while there will be a listing brokerage that will charge 6%, but anymore selling your home in Brockville and paying that amount would be rare.
With the introduction of "MINIMUM COMMISSION" concepts in Brockville, the service fees or commission rates that Home Sellers now pay are very negotiable. I've heard of commission rates being as low as 2.5%, but one must ask themselves what level of marketing and service will you receive when your listing agent pays out 2% of that amount to the Agency that sells your home.
It's anti-competitive to say that there is a standard commission rate or fee, Realtors are free to negotiate their commission when you list your home for sale. Some will charge less, some more. Ultimately the market your home is in and the level of competition will decide what the average commission rate will be.
A trend that I see occurring in the next several years will be this; Home Buyers in Brockville will be paying commissions and hiring the services of a Realtor directly. Buyer Agency is a very good thing for home buyers and is available to all Buyers today, however with the real estate industry and commissions becoming more competitive I believe this type of service will become more popular within a few years.
If you’re looking for Real Estate in Brockville, or are considering selling your home, call one of our professional Realtors at MINCOM Island City Realty Inc., Brokerage