This question is asked so frequently by individuals engaging in the real estate profession in the US, that it likely becomes tiresome for some people to answer. However, there are no "dumb questions" asked, there are only sometimes "dumb answers", so every question deserves an answer.
The answer is that all commissions in real estate are negotiable and it is against the law to have a standard industry commission. Therefore, you are not likely to get any other answer than this. If you do, be a bit wary as it may just be information that is illegal.
The best way to know what commission to charge is to know what your time is worth; all marketing expense connected with serving a customer; and, what your general overhead is so a percentage representing that can be considered as well. All commissions should be tied to a value standard for the licensed person that is charging for his or her professional knowledge and the time required to use that knowledge in a successful result for your client. For without success there is no commission!
Onward and upward to developing your professional knowledge!
Jun 29, 2012