Ken's Naperville Real Estate Blog : February 2008

How much should we be paid for selling a home?

Just a thought as I was reading another post.  How much should we be paid when we are a selling agent??  I understand that we need to make a living, but does that mean we need to make $12,500 to list and sell a 500k home at 2.5%?  I am not sure.

In my brief career, I have always been coached to charge the most commission that I can.  That doesn't make sense to me.  Lets just say we charged a little less, would that not encourage sellers to be a bit more flexible?  I think it might.

What if on that same 500k home, I charged 4% instead of 5%, keeping only 1.5% for myself.  That's still alot of money. 

Wouldn't I sell more homes by doing this, and make the money up by increased volume?  I bet I might get the buy side of many of these listings.

Just a thought.

Ken

Comment balloon 4 commentsKen Tracy • February 28 2008 03:46PM
How much should we be paid for selling a home?
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