Although Realtors’ commissions are not fixed, and are completely negotiable, as a general rule, Realtors collect 6% of the sale price as their commission. (Higher priced listings may be charged less; ie 5% or sometimes 4%.)
The commission is generally split evenly between the listing company and the selling (or buyers) company. Listing Company 3%, Selling Company 3%. Total commission paid by Seller: 6%
First Priority Realty charges HALF of the prevailing listing commission.
First Priority Realty: 1.5%
Selling company: 2.5%
Total commission paid by seller: 4%
The savings can be substantial!
We are a FULL SERVICE REDUCED COMMISSION local Real Estate Company. We pass the savings on to you! On a $200,000 listing you save $4,000!!!