:lol: A small office such as mine can make good money at 4%, sometimes less, and still give good service. With increased demand, increased prices, low interest rates, you get more activity. 6 & 7% is much too high. We will MLS and post on internet at 4%. Co-op fee of no more than 2% and if listed properly, not too low or high, will sell in less than 60 days. Just be selective of your listings. Don't take any & all like the big offices feel they must. :usa: to all :mrgreen:
The last house I sold, I looked hard for a small, local RE agent that also held a broker's license. We did it for 3.25%.
I didn't mind paying my agent, or the buyer's agent. Their services were useful and we got the house sold. I just didn't want to pay the big, fat, broker desk fees! Why should part of my profits go to megabrokercorp?
There are 3% companies working the area -1.5% for buyer and 1.5% for seller. The problem is with large companies with high overheads. Papers charge realtors out the gazoonga for advertising which small companies can avoid. There are significant splits, etc. so big companies take a lot more to operate. Small companies can survive on much less.