Understanding Real Estate Commissions in Murphy, NC
Real estate commissions are an essential part of any property transaction, ensuring that experienced professionals guide buyers and sellers through the process seamlessly. In Murphy NC Real Estate Agents, our commission rates align with industry standards while providing top-tier service and value.
How Commissions Work
Real estate agents in North Carolina typically earn their income through commission, which is a percentage of the final sale price of a property. These commissions are generally shared between the listing agent (representing the seller) and the buyer’s agent.
- Standard Commission Rate: In North Carolina, the average real estate commission ranges between 5% and 6%, with 5.5% being the standard rate for full-service brokerage listings.
- Commission Split: Traditionally, commissions are split evenly between the listing agent and the buyer’s agent, meaning each side receives 2.75% to 3% of the total home sale price.
Are Commissions Negotiable?
Yes, commissions are always negotiable in North Carolina. Factors that influence commission rates include:
- Market Conditions: In a seller’s market, agents may offer reduced commission rates to remain competitive.
- High-Value Listings: For properties priced above market averages, commissions may be adjusted, typically around 4.5% to 5%.
- Dual Agency: If the listing agent also represents the buyer, they may reduce their total commission since no split is required.
Who Pays the Commission?
The seller typically covers the commission for both the listing agent and the buyer’s agent. However, recent industry changes mean that buyers and sellers may negotiate who pays the buyer’s agent’s fee. This is especially relevant in transactions involving VA loans, where buyers cannot pay agent commissions.
Changes in Real Estate Commissions (2024 Update)
As of August 2024, new regulations from the National Association of Realtors (NAR) require:
- Buyer agent commissions to be negotiated separately rather than being automatically included in MLS listings.
- Buyers to sign representation agreements before touring homes, outlining agent compensation.
- More flexibility in commission structures, which could lead to lower costs for sellers and increased negotiation between all parties.
View Commission Details by Property
For transparency, we provide a detailed breakdown of commissions by property. Click the link below to view commission percentages for each of our active listings.
Click Here to View Commissions for Our Listings
Maximizing Your Home Sale with the Right Commission Plan
At The Poltrock Team, we ensure our commission structure provides maximum value for sellers by:
- Offering full-service marketing including professional photography, listing optimization, and targeted advertising.
- Providing expert negotiation skills to secure the best deal for your property.
- Ensuring a smooth closing process, reducing stress and maximizing returns.
Have Questions? Let’s Talk!
Understanding real estate commissions can be complex, but we’re here to help! Contact us today to discuss your listing options and how we can tailor a commission plan to fit your needs.
📍 The Poltrock Team – Murphy’s #1 Real Estate Team
📞 1-866-Murphy-NC
📧 JohnPoltrock@gmail.com