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Updated over 6 years ago,
Recommendation on a commission rate
Hi BPers.
I have a vacation rental property in southwest MI that I am considering selling. I have talked with two agents so far and both have given me, what I consider, a high commission rate (7-8%). Does this seem high, or is it pretty standard? I usually hear of rates being in the 4-5% precent range. The property is 141 acres and very rural so does that account for a higher commission rate? I look forward to hearing your responses. Thanks.
Aaron