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Taboo Topic - Real Estate Agent Commissions


Little wonder when you have some Real Estate agents charging 1% commission whilst others are changing 4%.

 

Often I hear people scolding real estate agents for the commission they charge without really knowing what they are talking about.

 

For starters, the person that sells your property is unlikely to receive all of the commission.

 

Part of the commission goes to the company that holds their licence so not all of the commission ends up in the salespersons pocket.

 

Sitting with a friend at Starbucks the other day enjoying a coffee I could not but help over hear the people sitting next to us bagging real estate agents because of the commission they charge. I am not the type to sit and listen to other people's conversations but it was a little hard to block out this couple, as it was quite apparent that they were in a hate session on real estate agents.

 

Ironically, it sounded like the agent had negotiated a settlement price they were happy with, but that wasn't the point.........

 

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