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Updated over 6 years ago,
commission structure
Dear Real Estate Agents/Brokers;
I am not a real estate professional.
I am from Cincinnati, Ohio, but I live in Southern California. This summer I will be selling my CA house and moving home to Cincinnati.
Assuming a 6% commission on a typical 200k Cincinnati suburb house, that would be $6k for the buying agent and $6k for the selling agent...I would call that reasonable.
June 1st, I will be placing my SoCal house on the market. I am guessing that the list price will be $1.1 mill, give or take.
My question is, am I expected to pay a listing agent $33,000 and the buying agent another $33,000?
Is the work performed by California agents 5x that of the work performed by Ohio agents ????