There is no set commission rates. Rates can vary from a higher percentage for land sales or businesses for sale to a lower rate for sales of multi-million dollar listings. Each firm will have its own policy on commissions which keeps continuity within the firm on rates. We are highly regulated by the real estate commission and brokers are not allowed by commission rules to charge excessive rates for commissions. Interview several brokers in the area and compare notes, you should find that the commissions are similar in rates.
Jul 6, 2013