Real estate broker commissions

Description: A survey to find out what readers think about real estate broker commissions.

Q1. How do you think real estate brokers (sellers’ brokers) should be paid?

Regular commission : 35.3%
Flat fee : 26.5%
Part commission, part fee : 20.6%
By the hour : 8.8%
Doesn’t really matter to me : 8.8%

Q2. Regarding sellers’ brokers, if you chose “regular commission”, what percentage should a seller’s broker be paid?

1% : 19.2%
2% : 7.7%
2.5% : 7.7%
3% : 0%
Variable percentage, based on sales price : 19.2%
N/A : 46.2%

Q3. Regarding sellers’ brokers, if you chose “flat fee”, how much should a seller’s broker receive from the sale of a $400,000 condo or single-family home?

less than $1,000 : 4.5%
$1,000 : 0%
$2,500 : 9.1%
$4,000 : 22.7%
$5,000 : 4.5%
$7,500 : 0%
$8,000 : 13.6%
$10,000 : 0%
$12,000 : 0%
$15,000 : 0%
more than $15,000 : 0%
N/A : 45.5%

Q4. Regarding sellers’ brokers, if you chose “by the hour”, how much do you think a seller’s broker should be paid by his/her client, per hour?

less than $10 per hour : 4.8%
$15 per hour : 4.8%
$20 per hour : 0%
$30 per hour : 0%
$40 per hour : 4.8%
$50 per hour : 4.8%
$75 per hour : 9.5%
$100 per hour : 0%
more than $100 per hour : 4.8%
N/A : 66.7%

Q5. How do you think real estate brokers (buyers’ brokers) should be paid?

Regular commission : 24.2%
Flat fee : 27.3%
Part commission, part fee : 18.2%
By the hour : 21.2%
Doesn’t really matter to me : 9.1%

Q6. Regarding buyers’ brokers, if you chose “regular commission”, what percentage should a buyer’s broker be paid?

1% : 11.5%
2% : 3.8%
2.5% : 7.7%
3% : 3.8%
Variable percentage, based on sales price : 15.4%
N/A : 57.7%

Q7. Regarding buyers’ brokers, if you selected “flat fee”, how much should a buyer’s broker receive from the sale of a $400,000 condo or single-family home?

less than $1,000 : 0%
$1,000 : 4.3%
$2,500 : 13%
$4,000 : 13%
$5,000 : 21.7%
$7,500 : 0%
$8,000 : 4.3%
$10,000 : 0%
$12,000 : 0%
$15,000 : 0%
more than $15,000 : 0%
N/A : 43.5%

Q8. Regarding buyers’ brokers, if you chose “by the hour”, how much do you think a buyer’s broker should be paid by his/her client, per hour?

less than $10 per hour : 4.3%
$15 per hour : 8.7%
$20 per hour : 4.3%
$30 per hour : 8.7%
$40 per hour : 13%
$50 per hour : 0%
$75 per hour : 8.7%
$100 per hour : 0%
more than $100 per hour : 4.3%
N/A : 47.8%

Q9. How much money do you think the average real estate agent (agent, not broker) in Boston makes, annually?

less than $10,000 : 2.9%
between $10,000 – $20,000 : 0%
between $20,000 – $30,000 : 2.9%
between $30,000 – $40,000 : 20.6%
between $40,000 – $60,000 : 23.5%
between $60,000 – $80,000 : 23.5%
between $80,000 – $100,000 : 20.6%
between $100,000 – $125,000 : 2.9%
between $125,000 – $150,000 : 0%
between $150,000 – $200,000 : 2.9%
over $200,000 : 0%

Q10. If you were buying a new home today, would you use a real estate agent?

Yes : 58.8%
No : 41.2%

Q11. If you were selling your home today, would you use a real estate agent?

Yes : 61.8%
No : 38.2%

Q12. Do you feel you have a good understanding of the difference between a “seller’s agent” and a “buyer’s agent”?

Yes : 100%
No : 0%

Q13. Do you feel you have a good understanding of the difference between a “real estate agent” and a “real estate broker”?

Yes : 66.7%
No : 33.3%

Q14. Do you feel you have a good understanding of the difference between a “real estate agent” and a “Realtor”?

Yes : 55.9%
No : 44.1%

Q15. How do you feel about real estate agents? 1 is totally negative, 5 is totally positive.

Average Rating : 2.5

Q16. How many hours do you think a real estate agent puts in to help a client sell a condo in the city of Boston?

under 10 hours : 9.1%
between 10 – 20 hours : 24.2%
between 20 – 30 hours : 33.3%
between 30 – 40 hours : 12.1%
between 40 – 60 hours : 9.1%
between 60 – 80 hours : 9.1%
more than 80 hours : 3%

Q17. How many hours do you think a real estate agent puts in to help a client buy a condo in the city of Boston?

under 10 hours : 15.2%
between 10 – 20 hours : 27.3%
between 20 – 30 hours : 30.3%
between 30 – 40 hours : 6.1%
between 40 – 60 hours : 12.1%
between 60 – 80 hours : 9.1%
more than 80 hours : 0%

Q18. Do you currently rent or own your primary residence?

Own primary residence : 58.8%
Rent primary residence : 35.3%
Have owned in past, but not now : 2.9%
Own primary residence, as well as investment properties : 2.9%
Rent primary residence, but own elsewhere : 0%

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Updated: January 2018

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