|
09-30-2009, 03:33 PM
|
|
Senior Member
|
|
Join Date: Jul 2008
Location: Edina, MN.
1,687 posts, read 530,745 times
Reputation: 6311
|
|
Real Estate Commision Rate
I tried t o search for info. on this issue and was unable to find any info so:
Does anyone know what the going commission rate is in MN - specifically Rochester? This is a quick decision in my family to sell a condo that several of us own and as usual, no one does any research. The choosen realtor is saying 6% and I was thinking it is 5%. Any thoughts?
|
|
10-01-2009, 06:14 AM
|
|
Moderator
|
|
Join Date: Jun 2006
4,655 posts, read 4,667,658 times
Reputation: 1195
|
|
|
6% is pretty common although you might be able to find some for around 5% too.
|
|
10-01-2009, 12:17 PM
|
|
Senior Member
|
|
Join Date: Jul 2008
Location: Edina, MN.
1,687 posts, read 530,745 times
Reputation: 6311
|
|
|
Thanks, Golfgal!
|
|
10-01-2009, 06:50 PM
|
|
Senior Member
Status:
"In Exile"
(set 4 days ago)
|
|
Join Date: Mar 2009
Location: I think my user name clarifies that.
4,821 posts, read 1,605,047 times
Reputation: 1630
|
|
|
5% - 7% is pretty common. It's possible you can get a Realtor to go a touch lower than that, depending on how badly they want business - but I wouldn't bet on it.
|
|
10-02-2009, 12:36 PM
|
|
Senior Member
|
|
Join Date: Jan 2007
Location: MN
848 posts, read 849,094 times
Reputation: 246
|
|
|
I have seen "Eagle Realty" signs outside of some homes saying that they only charge 3.99%.
|
|
10-02-2009, 12:50 PM
|
|
Senior Member
|
|
Join Date: Jul 2008
Location: Edina, MN.
1,687 posts, read 530,745 times
Reputation: 6311
|
|
|
Thanks for your response. I know 7% is ancient history and I've heard that 5% is normal for today's economy. I'm aware that there are some that charge much lower. I think I have seen Eagle signs here in the Metro as well. I'll have to do some research. Thanks again!
|
|
10-04-2009, 08:30 PM
|
|
Junior Member
|
|
Join Date: Sep 2009
5 posts, read 2,003 times
Reputation: 10
|
|
We're looking at houses in Fergus Falls and it's 5% right now  |
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
