SAVINGS SCENARIO #1
BUYER BROKER BRINGS YOU A BUYER
Real Estate commissions are not set in stone and are negotiable. I have seen real estate commissions vary from 4% to 8% with the most common number being 6%. In order to list with Maine Living, we require that you offer a minimum 2% Buyer Broker commission.
You want to sell your home for $300,000
Traditional 6% commission (typically 3% for Listing Broker and 3% for the Buyer Broker) $18,000
Flat fee to list with Maine Living for 6 months $399
You offer a 3% commission to the Buyer Broker $9000
Your savings versus traditional brokerage $8,601