Raleigh, NC HELP w/ Realtor Standard Commission Structure for SFH

[Candace Berry]

We understand every realtor can write up their commission structure (to a certain legal degree), but we want to know what the standard commission structure usually is in Raleigh, NC. What would be the "off the shelf answer" from realty school? AND is it realistic to expect negotiation, if so, how much? 

We are asking so that we may consider options, while not disrespecting our realtor who has worked hard for us and we want to compensate him respectfully. We just don't know what the spread should be between the seller and buyer agent. Are we missing sales because we are less desirable to a buyer's agent and clients are being steered away instead of encouraged to see our home?

Thank you!

Candace

Keywords: realtor, realty, raleigh, durham, advice, help, NC, flip,

[Adam Ward]

I'm not a realtor, but here are my thoughts for Wake County:

Off the shelf seems to be 2.4% to buyer's agent.  I've seen as little as 2% and as much as 3%.

Not sure about an off the shelf answer for the selling agent.  I have seen as little as $250 for a flat fee listing service (typically you get what you pay for) and as much as 3% to the listing agent.  The sweet spot seems to be between 4%-5% for total commission (combined BA + SA).  Yes, negotiation is realistic.  Obviously a higher level of service will warrant a higher commission rate.

I doubt you would lose buyers solely based on a low BA commission (many buyers are using zillow, realtor, trulia, redfin, etc so they know exactly what's on the market).  

A related question might be to see how the price point of the home influences the commission rate. 

It will be interesting to hear from realtors on this topic!