Parrish Real Estate: Guide to Understanding Commissions for Sellers

Sellers in Parrish Real Estate often worry about high commissions, but it’s important to recognize the value they bring.

While the percentage of the sale price might seem significant at first, this investment comes with many benefits that make it worthwhile.

At Keys to the Coast Real Estate, our goal is, and always will be, to get you the highest price possible in the least amount of time. We’re dedicated to making the selling process smooth, efficient, and successful for you!

The New Buyer Broker Agreements

If you’ve been keeping up with real estate news, you’ve probably heard about the new rules for agents regarding commissions and buyer agreements. As of August 17th, 2024, a major shift occurred in how Realtors have operated for nearly a century.

In the past, compensation for a buyer’s broker was always clearly listed in the MLS (Multiple Listing Service). Now, those details are private, and seller’s agents must disclose compensation for each listing individually, outside of the MLS. Additionally, buyers must have a formal agreement with their agents before viewing any property—whether in person or virtually. This agreement outlines the maximum compensation the agent can receive and specifies who will cover the cost.

This change is significant, and both buyers and sellers need to understand its impact moving forward.

So, How Much Is the Commission in Parrish, Florida?

Commissions have been, and will continue to be, negotiable. The standard rate in Parrish typically falls between 5-6%, but every transaction is unique, and these rates can vary depending on the circumstances.

Buyer Broker Compensation

What we’re seeing is that about 99% of sellers still offer buyer broker compensation. However, there are times when sellers choose not to pay the buyer’s agent commission. When this happens, we work closely with both parties to negotiate fair terms. At Keys to the Coast Real Estate, our goal is to ensure a smooth transaction for everyone, while making sure sellers understand their options regarding commissions.

Our View on Buyer Broker Compensation

While sellers are no longer required to offer compensation to buyer brokers, we believe it’s in the seller’s best interest to do so. From our experience, offering compensation leads to more showings, more offers, and ultimately, a higher net sales price for the seller.

With these new changes, listing agents must negotiate buyer broker compensation directly. This makes it even more important to ensure the seller gets the best possible outcome. Based on our years of experience in the Parrish real estate market, we strongly believe that offering buyer broker compensation maximizes exposure and helps sellers achieve the highest net sales price.

Keys to the Coast Real Estate is here to help you navigate these changes and ensure the best outcome.  Also remember to keep an eye on on the over all market, you can find the latest market stats here.

Commission Earned in Parrish Real Estate

In Parrish real estate, agents only earn their commission when a property is successfully sold. When an agent lists a home, they take on all costs and responsibilities upfront—including marketing, showings, and more—without any guarantee of payment. Unlike many businesses that require payment upfront, real estate agents are only compensated once the sale is closed.

Are Commissions Negotiable?

Yes, commission rates in Parrish are negotiable, but here’s why many agents won’t lower their rates—they value their services and the results they provide. Real estate agents do much more than just list homes. They help sellers price their properties competitively, maximize returns, and use effective marketing strategies to attract buyers. 

Their negotiation skills can lead to higher sale prices, and they take care of time-consuming tasks like showings and paperwork, so sellers can focus on other priorities.

Think about it: When you’re going through a divorce, do you look for the cheapest attorney? When you’re unwell, do you seek out the least expensive doctor? No—you choose the professional who can provide the best service within your budget. The same principle applies to real estate agents—quality service is worth the investment.

Beware of Discount Agents

When a real estate agent lowers their commission, it can be a red flag. It may suggest they don’t fully value their services or that they’re desperate for listings. These are important factors to consider when choosing an agent.

Additionally, if an agent is quick to drop their commission, it raises a question: how will they negotiate on your behalf? If they can’t stand firm on their own worth, it might indicate they won’t fight hard for the best deal for you.

Parrish Real Estate Commissions

In the fast-paced world of Parrish real estate, commissions might seem concerning at first, but they truly reflect the value agents provide. Beyond handling transactions, agents bring expert market knowledge, effective marketing strategies, and strong negotiation skills to ensure you get the best outcome.

Remember to Check out our Sellers Page for valuable tips and resources to make your home-selling experience in Parrish a success!

Meet the Team

Amy Prumo

Amy Prumo is an Elite agent with extensive experience and deep local expertise, known for delivering outstanding results in the Parrish real estate market. Amy’s attention to detail, strong communication skills, and unwavering commitment to excellence have made her one of the most sought-after agents in the business. 

Thomas Carden

Thomas Carden brings a wealth of knowledge from his background in building, planning, zoning, and development. With over 20 certifications from the International Code Council, including Planner Review and Certified Building Official, he is a recognized expert in his field and an expert legal witness in construction.