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FL Avg Real Estate Commission Rate in Tampa, St. Petersburg, Clearwater, Florida

Tampa is a major city in, and the county seat of, Hillsborough County, Florida, United States. It is on the west coast of Florida on Tampa Bay, near the Gulf of Mexico, and is the largest city in the Tampa Bay Area. The city had a population of 335,709 at the 2010 census, and an estimated population of 377,165 in 2016.

Archaeological evidence indicates the shores of Tampa Bay were inhabited by indigenous peoples for thousands of years. The Safety Harbor culture developed in the area around the year 1000 AD, and the descendant Tocobaga and Pohoy chiefdoms were living in or near the current city limits of Tampa when the area was first visited by Spanish explorers in the 16th century. Interactions between native peoples and the Spanish were brief and often violent, and although the newcomers did not stay for long, they introduced European diseases which brought the collapse of native societies across the Florida peninsula over the ensuing decades. Although Spain claimed all of Florida and beyond as part of New Spain, it did not found a colony on the west coast. After the disappearance of the indigenous populations, there were no permanent settlements in the Tampa Bay area until after the United States acquired Florida from Spain in 1821.

In 1824, the United States Army established a frontier outpost called Fort Brooke at the mouth of the Hillsborough River, near the site of today's Tampa Convention Center downtown. The first civilian residents were pioneer ranchers and farmers who settled near the fort for protection from the nearby Seminole population. The town grew slowly, and had become a minor shipping port for cattle and citrus by the time of the United States Civil War. Tampa Bay was blockaded by the United States Navy during the war, and Tampa fell into a long period of economic stagnation that continued long after the war ended. The situation finally improved in the 1880s, when the first railroad links, the discovery of phosphate, and the arrival of the cigar industry jump-started its development, helping Tampa to grow from an isolated village with less than 800 residents in 1880 to a bustling city of over 30,000 by the early 1900s.

Today, Tampa is part of the metropolitan area most commonly referred to as the "Tampa Bay Area". For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C., and Atlanta. The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

The Tampa Bay Partnership and U.S. Census data showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million population mark on April 1, 2007. A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.

 

Tampa, St. Petersburg, Clearwater, 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 Tampa, St. Petersburg, Clearwater, 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 Tampa, St. Petersburg, Clearwater, 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…

 

ECONOMY:
Largest employers in the Tampa Bay area (2014)
Employer Employees Industry
BayCare Health System 22,900 Healthcare
Home Shopping Network 10,550 Retail
University of South Florida 9,000 Education
Tech Data 6,900 Distribution/Technology
WellCare 6,700 Healthcare
Tampa General Hospital 6,400 Healthcare
Verizon 6,000 Telecommunications
JP Morgan Chase 5,100 Finance
Citi 4,300 Finance

 

Finance & insurance:

Nearly one in four of the state's business and information services firms resides in Tampa Bay. These firms range from financial services firms to information technology providers to professional services organizations such as law firms, accounting firms, engineering firms, consulting and more. As a gateway to the Florida High Tech Corridor, Tampa Bay is home to many information technology firms along with many business services providers.

Financial services firms:

  • Bank of America
  • JPMorgan Chase
  • Citigroup
  • Depository Trust & Clearing Corporation
  • Raymond James Financial
  • Franklin Templeton
  • Metlife
  • USAA
  • Progressive Insurance
  • State Farm
  • New York Life

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