Wednesday, May 16, 2007

And I thought real estate agents were bad here

Los Angeles Times: LA Land Blog

It would appear from the above article that real estates agents in the US usually make a 6% commission.

That seems extraordinarily high compared to Queensland - where there is a statutory limit of 5% for the first $18,000, and 2.5% of the balance purchase price. In theory it is supposed to be negotiable, but in reality very few agents will do it for less.

A successful agent in the US must have quite an income. Good agents here don't do so bad.

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