Thread: higher commisions

it really depends on the kind of work and the ability of the work to be accomplished. If it requires too much work and effort then the commission should be high enough. And also if the commission is high this can motivated the person to get the job done.

I'm not sure how it works in the US, but in Hungary, you can't really go and raise your commission, because property owners then just go find someone cheaper. Both selling and renting commissions are almost fixed rates here.

It has a lot to do with presenting your abilities in the best possible manner to be worth the amount you are charging they to sell their house, for example.

If you were to walk into a listing appointment and not have any real approach to get started and somehow portray that you are the agent/broker to go with over the competition then you can't really deem the higher commission.

Confidence, facts and hard work.

Note: some sellers will 'test' you for your commission as well and ask you to reduce your commission. Remember you don't have to do it and I've personally been on quite a few listing appointments and simply stated that if I am not willing to fight for my commission, how am I going to be able to fight to get you the best price for your home? That generally does the trick.

In order to ask for a higher level of commission, you have to have full confidence in the value you are bringing to your sellers. An agent has to believe that he or she is worth what he or she charges.

What type of marketing and advertising does the agent do? What type of structure and business set up does he or she have? What type of experience does the agent have to guide a prospective buyer or seller to a successful closing?

I am firm believer with real estate transactions: a consumer gets what they pay for.

Believe in what you and your brokerage offer a client. More than anything, a client simply wants results (in this challenging real estate market.) And they are willing to pay fair and reasonable commissions to brokers who bring those results.

Keep in mind that never start discussing commission until after the seller has committed to listing with you. Most of the time you should already filled out some of the basic agreements first, before you start talking about commission or length of the contract.

As was mentioned by mhomes, in other countries it isn't something you can just do.
Here in Turkey the rates are standard.

Are you asking for a higher commission from your seller or broker?

I think to successfully raise them you need to underscore what it is that sets you apart from other realtors (e.g. quality of service, customer care, knowledge, etc). If you can define that then you're golden IMO

Originally Posted by EricRE

Note: some sellers will 'test' you for your commission as well and ask you to reduce your commission. Remember you don't have to do it and I've personally been on quite a few listing appointments and simply stated that if I am not willing to fight for my commission, how am I going to be able to fight to get you the best price for your home? That generally does the trick.

ha you don't happen to be with Keller Williams do you?