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smokinLobstah t1_issmnph wrote

AFAIK, the "standard" used to be 6%, but that was always negotiable.

In the past 8yrs we've sold several homes with agents and always negotiated for 5% total.

Lob

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Dude_Following_4432 t1_issn0f2 wrote

I just listed a house for 5% with a 50/50 split for agents unless the buyer’s agent works for the listing broker, then it’s 4%.

1

DifferenceMore5431 t1_issnbsx wrote

5 and 6% are both common but it does vary somewhat. If you don't like the contract the agent proposed, bring it up with them.

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mmaalex t1_issp5rj wrote

The standard in the US for years has been 6%. The split is "3/3" but actually is typically 3.5% to the sellers agent, 2.5% to the buyers due to the cost of listing MLS, etc.

Not saying you can't negotiate better, plenty of people do, and there's more options than ever for listing methods.

Obviously the quality of realtors is all over the map because the licensing bar is relatively low, so hire accordingly.

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Squidworth89 t1_isspqj3 wrote

I’ve never signed a contract with a buyers agent…

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suspiciousscents t1_istf0y3 wrote

If you are not absolutely set on using this particular realtor, there are plenty who only charge 2.5%. Insisting on 3% is odd, I think. Home buying will be slowing down due to rates, so I would think this realtor would give in on the .5%. It could be worth looking around for other realtors.

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KermitThrush t1_istkect wrote

The advent of online real estate apps and free or cheap real estate software has led to real estate agents taking even less than the traditional 5% in recent years.

I would walk away from any real estate agency asking more than 5% or 2.5% respectively.

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