In many parts of the country the
"standard" commission is or was 6%. Again, you can work this. You
may also be told "you get what you pay for". Interview local real
estate agents when you go to BUY or SELL a home. Work with someone that you
feel confident has the skills to find you a anew home or sell your current one
- or both.
In most new developments, you will deal directly with the
developers in-house sales people. The commission may be built right into the
In addition, find out what developers are offering incentives
to brokers to bring in clients. You may be able to bargain the sale price by a
percentage offered as an incentive.
Don't be afraid to ask for a reduction in commission if you
are buying or selling your home.
If the agent represents the seller and you are the buyer,
then that agent is "getting both" sides of the deal as there is not
another agent to spilt the commission.
When I buy a home, I am not loyal to one agent - I will go
directly to the agent who listed the home for sale. They may have more an
incentive then if you came in with another broker. It's the "why should I
share" attitude. Not good for the seller nor for you, but it happens.