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Technically it's illegal to set commission rates, but 6 percent was the norm. In the Bay Area however, it's the new norm to offer 2.5-2.0% to Selling agents (th
by TezzellEnt 13y ago
Technically it's illegal to set commission rates, but 6 percent was the norm. In the Bay Area however, it's the new norm to offer 2.5-2.0% to Selling agents (those bringing buyers to the deal). I'm not sure exactly what the Listing agents put as the commission fee, but I'd imagine they're likely splitting it 50/50.
- cschmidt 13y agoThat wouldn't fly in Boston. I imagine the listing agent is also making 2.5%, giving a total of 5%.