We are looking into buying another property in the DR and was wondering what the average commission would be for a townhome (attached/ with HOA) with a sale price of $210,000? The developer wants to strike a deal since there would be no local real estate "salesperson*" involved.
Our excellent real estate attorney in the DR mentioned "5% - 10%".
However, in my experience as a real estate Broker in the People's Republic of California, 10% is paid out on dirt deals, average is 5-6% on single-family homes.
Is there anyone in the real estate business in the DR who would know or make an educated guess?
*LOL since it's not a licensed profession in the DR
Our excellent real estate attorney in the DR mentioned "5% - 10%".
However, in my experience as a real estate Broker in the People's Republic of California, 10% is paid out on dirt deals, average is 5-6% on single-family homes.
Is there anyone in the real estate business in the DR who would know or make an educated guess?
*LOL since it's not a licensed profession in the DR