Today while scheduling a tour in Lake and Polk Counties for my buyer, I noticed two of the listings were advertising a 3.5% buyer’s agent payout. That means the seller chose a 7% listing commission. I haven’t seen a 7% listing in a while. In 2005 when I started my career with Coldwell Banker, that was the norm. Then is slipped to 6% and 5% and flat fees and…….whoa.
When a seller decides the commission should be 7% they are putting themselves in the front of the pack when trying to get the attention of Realtors. Is the 7% listing on it’s way back? Are Lake and Polk Counties leading this new trend?