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PER the DRE - According to California law, the amount or rate of real estate commissions is not fixed by law. It is set by each Broker individually and may be negotiable between Seller & Broker.
We choose to lower our commission! The Seller pays 1%* to List (this covers our commission) and 2.5% is delegated to the Buyer's agent.
That is 3.5% of the Selling price of the home. (* Properties that sell for $200,000 or less, 1% plus $695).
For properties over $200,000, we charge 1%. Buyer's: if the commission paid to us from the Seller is the standard 2.5% or more, we will pay up to 1% towards your Closing Costs!
Note: there is never a valid reason for a Realtor not to tell you upfront the commission they charge. Don't fall for the old school 'strong arm salesperson' who must enter your home in order to provide information about commissions. A home and its location, condition, and/or upgrades should not enter into commission structure!
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