Join Date: Feb 2010
Location: Narragansett Bay
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Re: what is a typical broker commission?
Ten percent is almost universal.
Keep in mind that this will be split, if there is a listing broker and a selling broker. Each of those individuals have to share their piece with the office they work for to pay overhead. IOW, what the broker themselves actually receives as a commission, is typically much lower.
Are you buying or selling? I have other thoughts depending on what side of the deal you're on and the dollars involved.
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