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FL Avg Real Estate Commission Rate in Tallahassee, Florida

Tallahassee is the capital of the U.S. state of Florida. It is the county seat and only incorporated municipality in Leon County. Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2016, the population was 190,894, making it the 7th-largest city in the U.S state of Florida, and the 126th-largest city in the United States. The population of the Tallahassee metropolitan area was 379,627 as of 2016. Tallahassee is the largest city in the Florida Panhandle region, and the main center for trade and agriculture in the Florida Big Bend and Southwest Georgia regions.

Tallahassee is home to Florida State University, ranked the nation's thirty-third best public university by U.S. News & World Report. It is also home to Florida A&M University, the fifth-largest historically black university by total enrollment. Tallahassee Community College is a large state college that serves mainly as a feeder school to Florida State and Florida A&M. Tallahassee qualifies as a significant college town, with a student population exceeding 70,000.

As the capital, Tallahassee is the site of the Florida State Capitol, Supreme Court of Florida, Florida Governor's Mansion, and nearly 30 state agency headquarters. The city is also known for its large number of law firms, lobbying organizations, trade associations and professional associations, including the Florida Bar and the Florida Chamber of Commerce. It is a recognized regional center for scientific research, and home to the National High Magnetic Field Laboratory. In 2015, Tallahassee was awarded the All-American City Award by the National Civic League for the second time. Tallahassee is currently ranked as the 18th-best college town in the nation by Best College Reviews.

 

Tallahassee, Florida Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Tallahassee, Florida. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Tallahassee, Florida you will find the following real estate commissions charged*:

Typical Asking Commission: 6.00%

Competitive Commission: 5.0%-5.9%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Florida, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Naples-Immokalee-Marco Island $429,900 8.80%
Cape Coral-Fort Myers $240,000 6.70%
Punta Gorda $210,500 11.20%
North Port-Sarasota-Bradenton $273,600 5.60%
Tampa-St. Petersburg-Clearwater $225,000 9.80%
Lakeland-Winter Haven $180,900 8.30%
Orlando-Kissimmee-Sanford $247,900 7.80%
Miami-Fort Lauderdale-West Palm Beach $340,000 7.90%
Port St. Lucie $229,900 12.10%
Sebastian-Vero Beach $230,000 15.00%
Palm Bay-Melbourne-Titusville $220,000 11.70%
Deltona-Daytona Beach-Ormond Beach $195,000 11.40%
Ocala $150,000 11.10%
Gainsville $214,600 11.00%
Jacksonville $232,000 5.90%
Tallahassee $207,000 6.80%
Panama City $210,000 7.70%
Crestview-Fort Walton Beach-Destin $269,900 6.10%
Pensacola-Ferry Pass-Brent $192,300 11.80%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Florida.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the 2010 census, the population of Tallahassee was estimated to be 181,376. There were 74,815 households, 21.3% of which had children under 18 living in them. 27.7% were married couples living together, 14.4% had a female householder with no husband, and 53.7% were non-families. 34.1% of all households were made up of individuals living alone and 6.7% had someone living alone who was 65 years of age or older. The average household size was 2.23 and the average family size was 2.88. Children under the age of 5 were 5.5% of the population, persons under 18 were 17.2%, and persons 65 years or older were 8.1%. The median age was 26 years. For every 100 females, there were 89.5 males. For every 100 females age 18 and over, there were 86.7 males. 57.4% of the population was White, 35.0% Black, 3.7% Asian, 0.2% American Indian and Alaska Native, 0.1% Native Hawaiian and Other Pacific Islander, 1.3% some other race, and 2.3% two or more races. 6.3% were Hispanic or Latino of any race, and 53.3% were non-Hispanic White. For the period 2009–2013, the estimated median household income was $39,524, and the per capita income was $23,778. The number of persons below the poverty level was estimated at 30.2%.

Educationally, the population of Leon County is the most highly educated population in Florida with 49.9% of the residents with either a Bachelor's, Master's, professional or doctorate degree. The Florida average is 22.4% and the national average is 24.4%.

 

ECONOMY:

Companies based in Tallahassee include: Citizens Property Insurance Corporation, the Municipal Code Corporation, the State Board of Administration of Florida (SBA), the Mainline Information Systems, and United Solutions Company.

Top employers:

According to Tallahassee's 2015 Comprehensive Annual Financial Report, the top employers in the city are:

# Employer # of Employees # of Employees in 2006
1 State of Florida 19,442 25,204
2 Florida State University 14,378 8,784
3 Leon County School Board 5,383 4,403
4 Tallahassee Memorial HealthCare 4,583 2,850
5 City of Tallahassee 2,811 3,327
6 Publix 2,200 2,000
7 Tallahassee Community College 1,518 1,090
8 Florida A&M University 1,767 2,681
9 Leon County 1,712 1,522
10 Capital Regional Medical Center 1,051 n/a

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Tallahassee - Florida