Off Market Buyer/Seller Agent Commission -

[Dillon O.]

Im looking to sell one of my investment properties (side by side duplex). I have an agent that I have always worked with to purchase properties, but this will be my first time selling. Im looking to "list" the property off market with him to gauge interest and then list on MLS if we can't find a buyer. (We're not desperate to sell)

With being new to the selling side, I'm curious what is standard for agent commissions in an off market situation. What percentage is fair to pay sellers agent commission and would I be expected to pay buyer agent commission as well? If so, what is standard there? (Again this would be assuming an off market sale)

Any advice is truley appreciated!

[Alan Asriants]

If the agent is doing the marketing, finding the potential buyers and possibly working with other agents to help you secure a deal then I would still charge 2.5% for my listing services and 2.5% to any buyer's agent. 

If I find the buyer I would charge and extra 1.5%. 

It will actually be more difficult for your agent to procure a buyer off market - so the work actually increases. 

However if you are getting the buyer yourself and need an agent to draft paperwork and work as a "transaction broker" - I charge 1% or $3000, whichever is greater. 

This includes monitoring the transaction, conveyancing, compensating my transaction coordinator, and dealing with both sides paperwork and timelines - not including negotiations.