I can answer this question with one word —–FLEXIBLE.
Let me explain the commission process. No matter what you may think, the realtor who lists your home almost never gets the full commission. As a matter of fact, they usually get only a small portion of that commission. Off the top, a commission is split between the Buyers broker and the Sellers broker. It is usually divided equally. The brokers then give a portion of that commission to the agent. How much the selling or buying agent receives depends on the split they have negotiated with their broker. When you factor in marketing costs, flyers, ads, etc. the agent’s split gets smaller and smaller.
Commissions vary from area to area and service to service. There is no straight or set commission in real estate. It can be as high as 7% or as low as 1%. Typically real estate commissions run 4% to 5%. A home seller has every right to negotiate a real estate commission. A home seller can and should interview potential selling agents, not only to find out their commission, but to find out what they are going to do to earn that commission. Keep in mind when negotiating a real estate commission, that you are paying for the expertise, and a level of service from the agent. The agent who is willing to take the lowest commission is not always going to provide you with the best service and the goal here is to sell your home for the most amount of money in the least amount of time with as little stress as possible. The Thornberry Team are dedicated real estate professionals who are committed to providing our clients with the best possible real estate experience.
