What % does a broker get? 6? 5? 4?

An artillery grunt in the front lines for 7 months gets $15k in 'combat' pay. But he pays no income tax on that. So definitely 6% or $50k to open house and take some emails. There is danger in spilling hot coffee at starbucks.

No brokers take less?

Absofkiinglutely. In re all things are negotiable. hell if I had a $10mm unit, I'd do 1%, and if I am 'well' priced I'd do 50bps. who is gonna turn down $50k for 2 weeks of work?

do it yourself.

I might. I did before. And it worked great....

Thanks

I know 6% commission is standard, but I should I tip the broker up front to get the best deal. I thought 10 grand would get their attention. Would a broker be offended doing this?

pab77777, can you clarify what you meant by "best deal", your logic behind tipping upfront, and the need to tip at all? Thanks.

A tip? Thats funny..

Do it yourself and save 54,000 dollars by selling to someone looking without a broker(direct buyer). Use Tom Demsker.

http://www.un-broker.com/

er1to9 - What type of apartment do you own? I'm a broker, but my wife and I are looking to purchase an apartment for ourselves.

uesaptowner- what type of apartment are you looking for?

If this question is serious, then yes, 6% is standard. That would be split by the "seller's broker" with the "buyer's" broker (the use of quotes is to highlight terms best left for another discussion). Of the 3% left for the seller's broker, that broker has to split the fee with his/her firm and the split can be 50-50 or whatever the deal is based on the broker's firm's rules which may take into account seniority, productivity, or ??? (brokers feel free to weigh in here).

Some brokers, particularly at smaller firms, are willing to negotiate things like if there is no buyer's broker there will only be a 5% commission. That isn't too tough a negotiation. To get them down to 4% is tougher. You won't do better than that, and even 4% is very rare. In addition, if say you and a boyfriend are both selling places so you can move in together by buying a new place, that's 3 potential transactions and you can use that to help you negotiate the commission down for the sales since the broker stands to make quite a bit on you guys. Just some ideas...