Listing brokerage / Newport Beach
A 1% listing fee on homes at $5 million and up
VK Luxury charges 1% to list a home at $5,000,000 or more in Newport Beach and Orange County. The fee covers the listing brokerage side only. A seller keeps more of the equity from the sale.
The fee
What the 1% covers
The photograph is Mediterranean houses on a Newport Coast hillside. It is an Orange County place, not a current listing and not a specific seller's house.
The 1% is VK Luxury Real Estate's listing brokerage fee when the written listing agreement prices the home at $5,000,000 or more. It pays for the work of listing the home: a price built from comparable sales, preparation, marketing, and negotiation. Varinder Kumar is the broker on the file. A lower listing fee is not a reduced service.
The list price still comes from the house and the sales that compare to it. Keeping more of the equity is the point of the fee. It is not a reason to sell the home for less, and it is not a promise about the price a buyer will pay or how long a sale will take.
The full selling sequence is on Sell your home. A comparison of one address starts on What's my home worth.
The other side
Buyer-agent compensation is separate
The 1% covers the listing brokerage's side only. Any compensation to a buyer's broker is negotiated separately and is not included. The written listing agreement states what, if anything, the seller will offer. That number is the seller's choice in the agreement. It is not folded into the 1%.
Real estate commissions are not set by law. They are fully negotiable. The 1% is this brokerage's listing fee for homes listed at $5,000,000 or more. It is not a rate the law assigns, and it is not a rate other brokerages have to use. Terms are set in a written listing agreement.
Who it is for
Sell my home in Newport Beach
This page is for a seller looking up a 1% listing fee in Newport Beach, or a luxury home listing agent in Orange County, when the home will be listed at $5,000,000 or more. The threshold is that list price in the written listing agreement, not a hoped-for sale price and not an online estimate. A home listed under $5,000,000 is quoted separately.
Varinder Kumar is the broker and owner. The office is in Newport Beach. The listing work covers Orange County, including Irvine, the harbor, and the coast. Newport Beach is the home city of the brokerage. You can also write through the contact page.
Start
Tell Varinder about the house
Call or text 562.418.0998, email varindercarealtor@gmail.com, or send the address here. The follow-up is a comparison of the house, and a listing conversation if you want one.
A listing fee is not the price of the house
Call or text 562.418.0998. The 1% is the listing brokerage fee at $5,000,000 and up. The price still comes from the sales that compare.
Questions
Common questions
What does the 1% listing fee include?
The listing brokerage's work when a home is listed at $5,000,000 or more: pricing from comparable sales, preparing the home, marketing it, and negotiating the sale. It does not include compensation to a buyer's broker. That compensation is negotiated separately and is not included.
Do I have to sell the home for less to use this fee?
No. The list price still comes from the house and the sales that compare to it. A lower listing fee leaves more of the equity with the seller. It is not a reason to price the home for less, and it is not less service.
Is the commission set by law?
No. Real estate commissions are not set by law and are fully negotiable. The 1% is this brokerage's listing fee when a home is listed at $5,000,000 or more. Terms are set in a written listing agreement.
Which homes qualify?
Homes whose written listing agreement sets the list price at $5,000,000 or more. Homes listed under that amount are quoted separately. Varinder Kumar is the broker, from the Newport Beach office, for Orange County listings.
How do I start?
Call or text 562.418.0998, email varindercarealtor@gmail.com, or send the home value form on this page. The contact page is there as well.