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Updated over 6 years ago on . Most recent reply
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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
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
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@Aaron Markle. This question might do better in a different forum but being married to a top agent my answer is..... if you want the best, pay whatever they ask or more and get the job done. The best agent isn’t going to let you low ball their commission. Rockstars know rockstars. Rockstars don’t haggle. Be a rockstar! Sell that thing and 1031 into some big cash flow!!!!!!!