Understand Commission Rates when Selling

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! 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 $200,000 and under, we charge 1% + $500.00 (this is a fee our broker charges us). For properties over $200,000, we pay that fee from the commissions paid. Why does your Broker charge a fee?  A 'fee' or' broker split' is how Broker's make their money. They open an office, have Realtors work for them, and charge the Realtor a fee or percentage for each sale or transaction.  The large real estate offices charge a percentage split with their Realtors, one reason many Realtors will not negotiate. Note: there is never a valid reason for a Realtor to Not tell you 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 do not enter into commission structure!

Want to sell? Click here for a few tips on preparing your home for sale.. 

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