There are many advantages to working with Camrose realtors. If you are looking for a home, they can provide you with tailored property suggestions that may appeal to you and negotiate better prices from the seller. On the seller’s side, they help make your property more noticeable and ensure your asking price is within fair market value.
However, like all good things, their services are not free. Therefore, it is important for you to understand what financial obligations you are agreeing to when working with Camrose realtors. Below we look at the typical pay structure and rates for the industry as well as common variations on the popular model.
How to Determine Realtor Rates
The Typical Pay Structure
Although realtors can ask for a flat rate, they typically prefer to use a percentage of the total sale. The percentage is taken from the seller’s funds and split between the buyer and seller’s representatives. Usually, this is a 50/50 split for both sides.
The Typical Rates
One of the most common rates available is the 7% and 3% rate system. With this payment system, the realtor(s) receives 7% of the first $100,000 and then 3% on the remaining amount of the sale. For single percentages, however, the rates are usually between 5-8%, depending on the individual realtor, location, state of the market and various other factors.
One of the most notable variations on this system is dual agents. These professionals negotiate for both the buyer and seller and take the entire commission as a result. Depending on your jurisdiction and governing laws, this may present a conflict of interest.
Get the Best in Camrose Realty Today
If you are looking for realtors in Camrose that will give you great rates and provide a fantastic level of service, look no further than Coldwell Banker Battle River Realty. Our staff are friendly, knowledgeable and capable of getting you the best house of your dreams or selling your home to start down the path to a new and exciting future.
At Coldwell Banker Battle River Realty, we help your dreams become a reality. A home is more than just a location; it’s a place to build a future. We are devoted to finding a house that fits our clients’ lifestyle, future, and budget. Our highly qualified Camrose realtors are industry-leaders, utilizing the latest technology, marketplace insights and knowledge to provide a stunning selection of homes for sale in Camrose. We are the standard-bearers of innovation, expertise and support. Make your realty dreams come true today!