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I am selling a Lot that I have in Sailview, a development in Denver NC.
If I go the MLS route, what is the standard commision rates for the area to offer the buyer and seller agents? I know some of the higher priced markets in the northeast have lowered the standard to 2% for the buyer's agent and 2% for the seller's agent. Not sure what the rates are in Charlotte/Lake Norman.
There is no set commission. All commissions are 100% negotiable and can range from 0% to whatever, including cars, jewelry, old coins, baseball cards etc.
There are no "set" commissions...all are negotiable, and it's always worth it to talk to an agent about this.
Raw land-- can be as high as 10%
Lot's though, are like single family residences-- and in this area, typically range from 2.5% to 3%. Usually the listing agent, if any, will take a cut to 2.5% but will continue to offer the buyers agent, 3%. "Typically" in this area, the best you are going to see from a professional, real estate agent is about 5.5%.
either way your paying out 3% and 3% unless you go with a discount broker it is a bit less..but I wouldnt do that..
You would not do that? Why?
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Commissions
