Beacon Hill Real Estate Commissions
Boston Condos for Sale and Apartments for Rent
Beacon Hill Real Estate Commissions
The Department of Justice (DOJ) has officially withdrawn its objections to MLS Property Information Network (MLS PIN)’s settlement in the Nosalek commission lawsuit. The DOJ notified the court of the formal withdrawal in a document filed on Tuesday.
Despite withdrawing its objections, the DOJ made it clear that it still has issues with upfront offers of buyer broker compensation.
“To be clear, the United States maintains that blanket, upfront offers of buyer broker compensation by sellers or their listing agents constitute an anticompetitive practice that inflates costs for home buyers and sellers,” the agency wrote in its filing.
Beacon Hill Real Estate Commissions
Some people think that the buyers Boston condo for sale commissions will be negotiated with the offer. On the surface, it seems like a reasonable thought, but it will depend on whether the listing agent will stand up for their fellow agents getting paid, or wimp out and hide behind the seller.
So the question moving forward is, will agents stand up for one another?
Massachusetts MLS
Presently, the commission rate offered by the listing agent in the MLS is set – the listing agent doesn’t get to change it later, which is a great relief for the Boston Beacon Hill condo buyer-agents.
But before the end of the year, the burden could be on the buyers to pay their agent’s commission too. Higher prices, higher rates, substantially more closing costs, and unrelenting sellers…..how much more can the Boston condo buyer take?
Boston Beacon Hill Condos for Sale
Updated: Boston Real Estate Blog 2025
Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
Boston Condos for Sale and Rent
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Beacon Hill Real Estate Commissions
Beacon Hill Real estate agent commissions – an unavoidable, fixed cost of buying or selling a home, valuable only as incentive to real estate agents. Right? Wrong. Here are five little known facts about real estate agent commissions.
1. Real estate agent commissions typically come out of the proceeds of the sale of the home.
Some people think of their Beacon Hill real estate agent’s commission as a fee charged on top of the sales price. It’s not. Because most homes in the Portland real estate market and around the world are bought and sold using a real estate agent, market prices reflect the value of the home, real estate agent commission included. It’s not tacked on above and beyond the price the home sells for.
2. Real estate agent commissions keep the market moving.
The agent commission system is set up the way it is — in Boston, MA, the U.S. and most developed countries — because it works. Real estate agents are motivated to sell Beacon Hill condos because otherwise they don’t get paid (no bimonthly paychecks!) This keeps market inventory at a reasonable level, and in a sense keeps homes values high. Real estate agent competition creates powerful marketing platforms and systems to get the job done.
3. Real estate agent commissions are a good for your home sale.
Here’s the bottom line, according to the NAR 2018 Profile of Home Buyers and Sellers:
“FSBOs typically have a lower median selling price:….Thus the typical agent- assisted home sale typically has a 13 percent higher sales price than the typical FSBO sale.”
4. Real estate agent commissions are not fixed. All real estate commissions are negotiable.
I offer my services to Beacon Hill condo home sellers for a 3% commission (and offer the standard 2% to the buyer’s agent). If I represent both the home seller and the buyer, my total commission never exceeds 3%.
5. Real estate agent commissions pay for themselves.
Yes, it’s technically possible to pocket more of your Beacon Hill home’s sales price by listing it yourself. On average, however, Boston Beacon Hill homes that are sold by their owners don’t fetch their full market worth, or they take so long to sell that the homeowner negated any potential savings by continuing to pay out on the mortgage for those additional months. Real estate agents do their work (namely, marketing your home) in order to generate a greater number of offers, which translates to a better sales price for your home. We typically get over thousands online views per listing! This often translates into hundreds of online buyer views a day via Google Beacon Hill condo search. That is STRONG marketing you can’t obtain by yourself. Once that offer is in, your real estate agent will continue to work on your behalf to insure the deal doesn’t fall through.
Still have questions about Boston real estate agent commissions? Feel free to contact me. I offer one of the best listing packages for Boston.Beacon Hill condo sellers
Beacon Hill condos for sale
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Contact me to find out more about these Beacon Hill properties or to set up an appointment to see them.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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