Ask a REALTOR®: 30 Common Real Estate Questions Answered in 30 Days: Question 5: Are real estate commissions negotiable?

Understanding Real Estate Commissions: Negotiation Insights—Real Estate Q&A

Meta Description: Explore insights into negotiating real estate commissions, including tips on negotiating rates with seller’s agents and understanding buyer’s agent commissions. Learn how to assess the value of services provided by real estate consultants and maximize your home’s selling price. Contact Dave Parker, REALTOR®, for personalized guidance on commission negotiations and navigating the real estate selling process.

Welcome back to Day 5 of our real estate question series! Today’s topic looks into a commonly asked question among sellers:

Question 5: Are real estate commissions negotiable?

Yes, real estate commissions are negotiable, both upfront with your seller’s agent and during the negotiation process with the buyer’s agent. Here’s how it typically works:

1. Negotiating with Seller’s Agent: You can negotiate the commission rate with your real estate consultant before listing your home. This rate is usually a percentage of the final sale price, such as 4%.
2. Buyer’s Agent Commission: When you receive an offer from a buyer’s agent, they have agreed upon a commission percentage with their client. This commission will be included in the offer, and sellers may agree to pay all or a portion of it.

Discount brokers may offer lower rates, but be cautious as they might provide fewer services. It’s crucial to consider the quality of service and the potential impact on your bottom line when negotiating commission rates.

Our company is a full-service brokerage and we are committed to maximizing your home’s selling price. Our services include professional marketing, online listings, social media promotion, open houses, and comprehensive support throughout the selling process.

Consider the overall value and services provided by your real estate consultant when evaluating commission rates to ensure you achieve the best outcome for your home sale.

Tomorrow, we’ll discuss the optimal time of year for selling your home. For any future questions or assistance with buying or selling your home, contact me at 405.401.0099 or visit https://daveparker.sites.c21.homes.

Have a great day until our next discussion!

For full text, visit video on our YouTube Playlist: https://www.youtube.com/playlist?list=PLOrIAsa07BvxMX7230jW_xOrrLzrBxPt0

Dave Parker, REALTOR®, License #204189, Phone (405) 401-0099.

Century 21 Judge Fite, 1220 S. Santa Fe, Edmond, OK 73003, Broker #154475. Contact (405) 359-7400. Email: Dave@mrdaverealty.com.

Website: https://daveparker.sites.c21.homes

Questions courtesy of Clever.com

KEYWORDS:

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• Buyer’s agent commission
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• Full-service real estate
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• Negotiating commission rates
• Real estate consultant services
• Brokerage commission flexibility
• Maximizing home sale proceeds

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