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#58139 - 10/19/02 08:58 PM Real Estate Commissions  
Joined: Sep 2000
Posts: 713
susangg Offline
 
susangg  Offline
What is the typical real estate commission in San Pedro? 6%? More? Less? Negotiable? Whatever the traffic will bear?
Do buyers agents and seller's agents (or FSBO's who "cooperate with brokers") split commissions like they do in the US?
I'd be interested in seeing this info posted by realtors, buyers and sellers.


Susan Guberman-Garcia, Attorney at Law. Phone: 510-792-2639
Fax/Voicemail:: 510-405-2016 Email: susangg@garcia.mpowermail.com
#58140 - 10/20/02 02:12 AM Re: Real Estate Commissions  
Joined: Nov 2000
Posts: 2,976
rickcheri Offline
.
rickcheri  Offline
I think that it is 5% and yes some will give you a referal fee if that person looking gave your name before the they started looking with that certain person or company.
Rick

#58141 - 10/20/02 08:25 AM Re: Real Estate Commissions  
Joined: Apr 2000
Posts: 498
Sandcrab Offline
 
Sandcrab  Offline
What say you Jesse or Amanda? They are the most accurate on this because they know the business and are professionals.

Jim


**Jim
#58142 - 10/20/02 12:32 PM Re: Real Estate Commissions  
Joined: Sep 2001
Posts: 502
Mosquitorose Offline
.
Mosquitorose  Offline
Susan, i hear tell that it's 10 percent... and it could be nogotiable.

MR


Love is a many splendid thing and food runs a close second.
#58143 - 10/20/02 02:21 PM Re: Real Estate Commissions  
Joined: Nov 2000
Posts: 6,251
NYgal Offline
.
NYgal  Offline
Susangg,
I tend to think that Mosquito Rose has credibility on that subject. I asked about it, not necessarily on SP, but mainland and that seems to be the percentage spoken.

#58144 - 10/21/02 05:57 PM Re: Real Estate Commissions  
Joined: Oct 2000
Posts: 20
ChampAusTx Offline
 
ChampAusTx  Offline
It was 10% when i lived on San Pedro. Susan should know that as she used to date one of the realtors there!

#58145 - 10/21/02 09:26 PM Re: Real Estate Commissions  
Joined: Sep 2000
Posts: 713
susangg Offline
 
susangg  Offline
Whoops, you have me confused with someone else (I hope she's YOUNG and THIN!) I have never "dated" anyone in San Pedro since we first bought property there 11 years ago. I have been married since 1980. My husband may look like a "local" but he isn't. And he's never been a realtor, either here or in Belize.


Susan Guberman-Garcia, Attorney at Law. Phone: 510-792-2639
Fax/Voicemail:: 510-405-2016 Email: susangg@garcia.mpowermail.com
#58146 - 10/21/02 09:39 PM Re: Real Estate Commissions  
Joined: Apr 2000
Posts: 498
Sandcrab Offline
 
Sandcrab  Offline
Susan,

The reason I suggested Jesse or Amanda was because I wanted you to get the answer from people in the business.

I too remember only 10% as the commission to be paid on a sale, but I wanted to make sure.

Okay Jesse, your move. I am sure you are reading this.

Jim


**Jim
#58147 - 10/25/02 03:14 PM Re: Real Estate Commissions  
Joined: Sep 2000
Posts: 139
SEAWINGS Offline
 
SEAWINGS  Offline
Just listed my property to sell.The commission is 10% plus 8% of the 10% for sales tax on professional services. eek

#58148 - 10/26/02 03:04 AM Re: Real Estate Commissions  
Joined: Oct 2000
Posts: 58
hunter Offline
 
hunter  Offline
I have been busy asking several realtors this exact question since I plan to sell my land. 10% seems to be the going rate though there are a couple exceptions for exclusive listings.

Everyone wants an exclusive listing but to me that didn't seem to be the way to go to ensure the best coverage. They tried tactics such as we will not advertise non-exclusive listings, etc, to try and get me to sign exclusively. The way I figure it those that do the work should reap the benefits.

There is not a multiple listing service in Belize such as we are accustomed to in the states. I have been asked to sign contracts with clauses that if anyone they bring decides to buy within a year after the end of the listing then I would be liable to pay a commission. They also indicated that they will charge prospective purchasers to show the land. They would not consider commission sharing. Lots of requests that I don't feel are reasonable.

I have not run into a request that I pay sales tax on their commission. Seems like they should absorb their own cost of doing business with commissions as high as 10%. I would never agree to paying such a fee.

Actually it is the Belizean lawyer (who costs the buyer an addtional 2-3%) that does the work on processing the titles so I really cannot figure out what the realtors do to ask such a high fee.

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