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Updated over 4 years ago on . Most recent reply

User Stats

46
Posts
8
Votes
Jeff Moore
  • Real Estate Investor
  • Clarksville, TN
8
Votes |
46
Posts

Agent Commissions too high?

Jeff Moore
  • Real Estate Investor
  • Clarksville, TN
Posted
Selling my SFR, real estate agent put a total of 10% of the purchase price on the fee estimate. 6% for him and 4% for the buyer’s agent. This seems excessive to me. Is it? Every google search yields “average of 6%” split between seller agent and buyer agent. He’s done a great job but I think we’re, AT LEAST, 3-4% too high here. What do you think, real estate agents of Biggerpockets?

Most Popular Reply

User Stats

361
Posts
250
Votes
John Knisely
  • Real Estate Agent
  • Media, PA
250
Votes |
361
Posts
John Knisely
  • Real Estate Agent
  • Media, PA
Replied
Originally posted by @Jeff Moore:

John Knisely , I have signed a listing agreement, and I do want to use him, he’s really done a good job. My house went under contract the day before it was supposed to go on the market.

I feel like I need to negotiate with him a little bit though. Especially after the responses I’ve received here.

Thank you all for responding, by the way.

 Generally speaking, the time to negotiate that is before you sign the listing agreement. Its worth having the discussion, just keep in mind you likely already agreed to this in writing, so it may be tricky.

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