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 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 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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