Why Pay More, If You Can Save!
Maintain a Balance
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, i.e., 5% or sometimes 4%.)
Buyer Broker compensation is no longer published in the MLS. Furthermore, Sellers are not required to offer Buyer Broker compensation. However, in most cases, the Buyer's offer will include a clause requiring the Seller to compensate the Buyer's Broker. The amount or percentage of the sale price will vary by the offer.
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: 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, and we pass the savings on to you! On a $200,000 listing, you save $4,000!!!