What Is The Lowest Commission Rate A Real Estate Agent Will Take?
Nowadays, there is the presence of many low commission real estate brokers. So, the real estate commissions are always negotiable but one should keep in mind that a particular agent cannot reduce their commission rate without the permission of the broker.
Before you sign a listing agreement, you should always negotiate the fee upfront. This commission can be paid by the buyer or seller. Also, the amount of commission is usually dictated by traditions in the market and so, it can depend on the location.
In this way, it is particularly evident from the above section that the typical commission has been around 5 to 6% over the years. So, it has been split 50/50 between the buyers and listing agent. As a result, you can find the agents who will list your house.
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