Real estate Q&A: Agents' fees are open for discussion

Sep 20, 2012 Full story: Myrtle Beach Online

QUESTION: I want to know if the "transaction fee" being charged by my real estate agent is a legitimate cost.

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Since: Sep 12

Estância, Brazil

#1 Sep 20, 2012
Hi Rob,
The transaction fee of real estate agent is depend on your selected property location, surroundings and the charges of their firm. Usually they will charge 5-10% commission on total cost of property.

Since: Aug 12

Location hidden

#2 Sep 21, 2012
Real estate agents can charge any reasonable fee for their services, whether it is 4 percent, 6 percent, 9 percent or a flat fee. While 6 percent is normal for most residential transactions.

Since: Oct 12

Shimla, India

#4 Oct 18, 2012
Everything in real estate is negotiable. I have charged as much as 10% and as little as 5%.

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