8 Answers

Do any mums out there know what percentage of a sale is given to the real estate agent?

Posted anonymously, 17th May 2016

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  • It’s different with each real estate agent but please be bold and ask them before you sign. We made the mistake of not being properly informed before we signed once and were sorry later on.

  • Some of them can be outrageous. Solicitors fees are worse though. Last time we sold a house we used a conveyancer! heaps cheaper ! Just beware if you pay land tax and the house is sold and lets say the first payment for the year is due the land tax office makes the conveyancer pay a full year of fees because the new owners are not responsible for the land tax!

  • Depends on your agent. Ive had quoted from between 1-3.5%. But negotiate too. A friend did this and negotiated the agents fee based on what the final sale price was. An incentive for the agent – eg if it sold for amount a 2% commission but amount b which was higher 2.5% etc

  • It depends on the real estate agent but generally around 3.5%.

  • It varies between agents. Often it’s a case of negotiating. Barry Plant are usually 3.75%. Some will also have a tiered system so you can say you will pay then a certain % if they get up to a certain price but if they exceed the target then their commission may go up .25%. This just offers an incentive for them to push for a higher price. You also need to weigh it up with what you are paying in advertising fees.

  • We have bought and sold a couple of houses and from my experience I have found the following – FIRSTLY – IF YOU ARE THE SELLER – I think it depends from agent to agent and can be negotiated prior to entering a sales agreement for them to take your house to market. It depends whether its a direct sale or an auction and there may be other fees if after a certain number of home opens the property remains unsold. Advertising options vary is cost too as do photography/staging costs. Other costs may include Settlement Agents fees, taxes (depending upon when the property was purchased and whether its was a primary residence or investment property).

    SECONDLY – if you are the purchaser – the costs are more likely to be around title searches/pest/building/heritage/zoning and other checks. You will still have settlement fees and Stamp duty too. Other costs may also need to be paid – it depends so very much on each individual case.
    ALWAYS get a few quotes and negotiate with real estate and settlement agents about fees – you should be able to get a better deal than what they first offer. Trust your instincts and go with an agent that you feel comfortable with too. Hope this helps – and good luck!

  • I am interested in knowing this too. Looking forward to reading the responses from moms here

  • Years ago I remember one woman telling me that it’s around 1%.

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