[quote=fcepstein]I have a home about to go on the market, expected sale price around $750,000. I think 5% is way too high myself, particularly with a quick sale. At 2%, the agent share is $15,000. Can’t imagine that it takes longer than 100 hours, so that is $150/hr. Seems like a very high rate to me.
One agent has contacted me directly, pre-sale, with a buyer. She offered me 5% to be a dual agent, and quickly back-tracked to 4.5%. I think both are ridiculous. I may consider 4%, but probably 3.5% is what I would pay in that case. Otherwise I will FSBO and offer her 2%, maybe 2.5%.[/quote]
Well, that $150/hr is in part compensating the agents for all the work they put into sales that end up falling apart.
But yeah, the amount of work to sell an $800K home and sell a $400K home is probably comparable. It’s a little odd that agents theoretically get paid twice as much for the former.
