8% commission? (new agent, contract, Realtor, listings)

[ssg II]

Is this standard for vacant land in Florida for an independent realtor?

[Mike1306]

I used to charge 10% for vacant land.
As things boomed I did come down to 7% sometimes but am now back up to between 8-10% depending upon the parcel.

It all depends upon the realtor, the subject parcel and the area.

I know there are some that will go as low as 4-5%. Just interview a few and see what each will do to help get it sold.

[FLBob]

My rational for the higher commission rate for vacate land is based on the value of the property. Much of the vacant land in my area is valued below $10k. So at 8% the brokerage fee would be $800.

I still need to market the lower priced property; take photos, color fliers, full color print ads (part of a full page), place a sign, enter into MLS, Craig's list, pay a brokerage transaction fee, offer a co-brokerage fee, etc.

There is no standard, and commission is negotiable, as is service level.

[palmcoasting]

There is no 'standard'. My rate changes with the value of the land, how quickly a deal can be made, etc. I've seen listings taken with 10%, I've seen listings with 4%. Different factors come into play that determine the rate.

[ssg II]

Thanks, everybody. As soon as this contract expires, I'll be looking for a new agent.