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Originally Posted by 4X4
As a matter of fact, a realtor does have to work more to sell the higher end home. There are much, much fewer buyers for a $700,000 home than there are for a $250,000 condo, as well as fewer direct comparables.
I'm not trying to convince you that it's $14,000 more work, but it sure as shiz is more work.
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I don't think there's any more work in selling a more expensive home from the realtor's perspective. For one, the paperwork would be exactly the same (it's not like you fill out different forms after houses hit $700k or a million). I suppose it could sit on the market longer, but that doesn't equate to any work for the realtor.
Quote:
Originally Posted by 4X4
Anyway, as far as actual commission rates go, I think it should be a little more like 7/2 or perhaps even 7/1. But I know that once you get close to a mil, commission rates will often change to a flat percentage rate, and it's always a flat percentage for commercial real estate.
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Sounds reasonable.