Real estate commissions generally range _______ for new homes and ________ for previously occupied homes or resales. It may be possible to negotiate a lower decision with your broker or to find or one who charges a flat fee.
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A. B. C. D.A
Real estate commissions are typically paid to the listing agent who represents the seller of a property, and also to the buyer's agent who brings in the buyer. The commission rates can vary depending on the type of property being sold, location, and local market conditions.
For new homes, the commission rates generally range from 4% to 6% of the sale price. This is because new homes are typically easier to sell than previously occupied homes and require less effort from the listing agent. The commission rate may be lower if the sale is to an investor, or if the agent is representing both the buyer and the seller.
For previously occupied homes or resales, the commission rates typically range from 6% to 9% of the sale price. This is because resales generally require more work from the listing agent, including marketing, showing the property, negotiating with potential buyers, and handling the paperwork. The commission rate may be higher if the property is in a high-end market or if the agent is representing a difficult-to-sell property.
It is possible to negotiate a lower commission rate with the listing agent or to find one who charges a flat fee. Some agents may offer a reduced commission rate if they represent both the buyer and the seller, or if the property is sold quickly. However, it is important to consider the quality of services provided by the agent and not just the commission rate. A skilled and experienced agent may be worth a higher commission rate if they are able to sell the property quickly and at a good price.
Based on the information provided, the answer to the question is option D: from 4%-6% for new and from 6%-7% for previously occupied homes or resales.