is it typical to expect broker to take 6% fee plus additional 3% for listing on mls ? this would be land sale

In Selling Property - Asked by marika l. - Sep 23, 2015
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Answer(s)

Ken R.
Broker/Agent
Miami Beach, FL

Hello
The standard fee to list either a residential or commercial property is 6%
Brokers should not charge you an additional 3% to list in the MLS.
Brokers / Agents pay a small yearly nominal membership fee for their local MLS service
I hope this helps.

Sep 28, 2015
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La Toya T.
Broker/Agent
Riverside, CA

Most brokers typically charge 10% for land sales since they are more difficult to sale. It's usually best to split the commission evenly between the listing and selling broker. I hope this helps.

Sep 28, 2015
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Barbara G.
Broker/Agent
Bronx, NY

Dear Marika
Selling commercial property is different from selling residential property. Depending on what services are being offered the fees may vary for commission as well as attorney fees. Feel free to contact me for more information regarding this matter.
Barbara Gause 917-568-2009 Barbara.gause@yahoo.com

Sep 29, 2015
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Jo Ann L.
Tustin, CA

When it comes to land nothing is typical. In a strong market it take around 2 years to sell and down market a lot more. Realtors have to spend a substantial amount of energy moving that property. We just financed a ranch is spectacular. It has fallen out escrow twice this year,and has been on and off the market for awhile. In my the book the Co realtors have not earned enough when does close.

Oct 3, 2015
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Doshia C.
Broker/Agent
Santa Rosa Beach, FL

There's no "standard" commission rate in real estate but there does tend to be a range of 6% to 10% for land listings. I typically personally charge 10% on my land listings but this is not set and it is negotiable, even though I rarely do because of my costs and time involved in take on such listing and the marketing plan I create with the seller here in the panhandle of Florida. Sometimes, depending on such plan can dictate what commission we decide on for the services provided and for what is offered in a co-brokering arrangement, which is usually 50/50 split but in this area you tend to find the listing broker receiving a little more, maybe .5% to 1% more, for various reasons. I hope this helps, if you have a need near Destin, Fl, I am here.
Your friend on 30A in South Walton, FL
Doshia Centeno

Oct 5, 2015
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Chris R.
Broker/Agent
Denton, TX

All fees and commissions negotiable between the parties. If in doubt - talk to several REALTORS in your area for the fees / commissions they would quote you.

Oct 26, 2015
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manuel a.
Broker/Agent
Bell Gardens, CA

their is no set fee everything is negotiable. you have to negotiate with the agent. But the fat that he is telling you that he is charging you 3% for the mls is bull he should be up front and tell you what he probably really means by that . what he really means is that he is keeping 6% and giving the other agent that brings an offer 3%. be careful with shady agents.

Apr 12, 2016
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