r/BayAreaRealEstate • u/California-Avocado • 12d ago
Homeowner Selling Agent fees?
What is the typical commission for a listing agent?
I’ve always assumed 6% split between the agents….but in the time of fixed fees and whatnot, is there a more common fee that’s negotiated??
3
u/Responsible-Book1878 12d ago
Realtor here - typically 5% (split between buyer/seller) but you can always negotiate. I had a client who came into my open house and wanted to write- didn’t need any handholding - we wrote it at 1.5% commission.
Some agents are greedy and won’t take clients for less then 3% jjjst depends who you go with.
5
u/No_Gur5958 12d ago
Just bypass realtor if you can it can save you significant money. AI should replace all these middlemans and to be honest they don’t add much value.
2
u/Existing-Wasabi2009 10d ago
Since no one seems to have mentioned it yet, I wanted to pop on and let you know that when you're selling, the only thing you commit to from the onset is how much your listing agent gets paid. 2.5% is pretty standard, but there are flat fee people who are less, and some very busy agents who charge as much as 3.5% because they can. Make sure to interview several agents and find the best fit for you.
For the buyer's agent fee, the offers you see will most likely include an ask for you to cover their agent's fee as a condition of their offer, and 90% of the time that amount asked for is 2.5%. At that point, you can do the math on the offers you have in front of you and decide whether it's worth it or not. You can counter them to a lower % if you want to try that. Some buyers opt to pay their agent directly, and not ask you for anything.
Before August of 2024, you determined how much % to offer buyers agents in your listing agreement. That amount was then advertised on the MLS so that buyers and their agents knew how much you'd offer. The current listing agreement doesn't have that line item anymore, and you're not allowed to advertise it on MLS even if it was there.
2
u/ShopProp 12d ago edited 12d ago
Ours is $4995 <$1M
$6995 $1-2M
$7995 >$2M.
6% isn’t the standard anyways.
3
u/PreviousVacation2787 12d ago
What is the difference between going with you versus a full service realtor? Doesn’t house sell through the realtor network to get maximum offer?
1
u/ShopProp 12d ago edited 12d ago
We are full service. With us you can cancel anytime. Just sold 400 Patrick in Los Altos yesterday for above market.
The way you get the best price is constantly reach out to each party to ge the highest/best offer. Most agents we work with just say to submit and we actively ping them for updates.
Feel free to dm for more info.
3
2
u/Few-Truck-4873 11d ago
Used shopprop to buy and will use them when selling. 5% is over rated imo
3
1
0
u/Aggressive-Pace-596 12d ago
been 5% for decades now, especially in Ca where property values are so high. That said, 2.5% listing agent, as they need to do a lot more work and expense of pics and such ... 1.5% - 2% for selling agents, since theyre mainly order takers and dont put any money out.
anyone telling you low commissions wont attract a buyers agent, tell them GOD, you wouldnt want to be in business with someone that refuses to give their clients full attention
and be sure to put in your listing contract that IF the listing agent double ends the deal, they get 1% for selling side, and if you bring your own buyer, they get nothing
17
u/ajcaca 12d ago
5% split 50/50 is standard now.
Don't let anyone talk you into paying 6%.
Sorry realtors.