Reasonable Commission Explained
Reasonable Commission: I believe Portland real estate agent commissions should be reasonable. Though I have become increasingly successful over the years, reaching Top 5% in the country, I have maintained a reasonable commission rate of 4.5% maximum to 2% minimum as a listing agent, typically earning 2% for my services and offering the buyer’s agent 2.5%. Often the listing agent pays the buyer’s agent and the buyer’s agent does not charge their clients direct. This is true with our listing services and buyer’s team as well.
Our Maximum Commission (4.5%)
As a listing agent specialist, I keep only 2% and offer 2.5% commission to the buying agent. While all real estate commissions are negotiable and there is no standard, what commission rate is offered to the buyer’s agent does matter.
Team Discount (4.25%) Most buyers do not want to work with the listing agent and want a buyer’s agent to represent them in the sale. So if we get a buyer lead and they don’t want to work with me, I assign them to my buyer’s agent Kami Price. If she sells it, the total commission charge is 4.25%, an additional discount of .25%. Kami Price is a top 1% buyers agent in Portland. You can find out all about here services here.
Dual Representation Discount (3%)
Now if a buyer reaches out to me and doesn’t mind using the listing agent to represent them (both sides) the total is 3%. I only do this with the seller’s prior permission.
Cancel Anytime for No Charge
Yes, it is true. Anytime during our listing period the seller can give us 24 hour notice to cancel the listing agreement and they will not be charged. After the 24 hour notice expires, the seller can sell it themselves or hire a different real estate agent with no strings attached (this is not typical in our industry). The only time the seller cannot cancel is when we are in active contract with a buyer. We believe in fair and easy contracts that don’t lock the seller in.
How can I charge 2% for myself and provide full service and increased marketing?
If I save money, you save money. If my team member sells it, you get a discount. If I represent both sides you get a big discount. In the very rare case when the buyer self represents the total charge is 2%. Secondly, we sell a lot of homes. A lot. We make it up in volume while still being able to provide excellent full service and marketing that has earned us hundreds of positive reviews and multiple customer service and sales awards. Finally, I believe our commission rate is reasonable and creates a win-win situation for our clients.
Stephen FitzMaurice, Realtor
Top 5% Agent in the U.S.