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Listing Commissions and Related Issues

You are in: For Sellers | Tips for sellers | Listing Commissions and Related Issues

About Commissions
In most areas there is a customary percentage that real estate agents expect to earn as a commission. When completing the listing agreement, you and your agent will negotiate and agree on the amount of the real estate commission.

When you agree to a commission with a listing agent, you should keep in mind that there are usually two agents involved in most transactions. Most of the time, only part of the commission goes to the listing agent's company. The other portion goes to the company representing the buyer.

Some commission-related questions you could ask:

Will your property be listed in the Multiple Listing Service?
Being listed in the MLS expands your sales force. Every agent is invited to bring potential buyers to your property. This larger supply of buyers effects your pricing power and the ability to sell your home more quickly.

What is the effect on the company representing the buyer?
Since part of the commission usually goes to the company representing the buyer, you may want to ask whether that portion of the commission offers the customary amount. As mentioned above, the more agents that show your property, the more pricing power you have and the more quickly your home will sell.

For more information about selling your home in Bluffton, Hilton Head Island, Beaufort, Hardeeville or Ridgeland areas, call us at 800-577-3317 or via email here.