Our standard
literary agency commission rate is 15 % for sales in North America and 20 % for foreign sales (in some of the small foreign markets outside North America the commission rate is 25 %).
The second
literary agency commission is for foreign sales.
Most book agents have two different
literary agency commission percentages that they put in their standard author / agent agreement.
The first
literary agency commission is for domestic sales.
Not exact matches
As a legitimate
agency (book publishing's leading
literary agency), we only
commission deals we do for a client.
I can't speak for other
literary agencies, but we tend to feel that it is wrong of a
literary agency to try and
commission works self - published by an author when the agent did not play a role in that self - publication.
Since then, I've been writing steadily for major houses for good money, I'm in better control of my career, I have better contracts (a
literary lawyer now negotiates my contractual terms; she does a better job and costs me a small fraction of what I was paying in
agency commissions), my advances have improved, and even my foreign subrights income has improved.
Literary agencies will usually have what's called an «Agent Clause» inserted in your publishing contract, listing the
agency and / or agent as the official «Agent - of - Record» for the deal, along with the appropriate
literary agent
commission and the agent's contact information.
Most
literary agencies collect a standard 15 %
literary agent
commission (more about this in a moment) if and when they sell your book.
The normal
commission for a
literary agency is 15 % of all money associated with an author's book that the
literary agency was directly (or sometimes indirectly) responsible for.
A legitimate
literary agency will keep a standard
commission structure that is in keeping with what every other
literary agency maintains as their
commission structure.
The
literary agency agreement is usually for a term of a few years and states that during the term of working together, the
literary agency is entitled to its
commission on deals the
agency performs for the client.
Similarly, if a
literary agency keeps a lower
commission structure than the norm, it demonstrates that they are attempting to undercut the business of larger / legitimate
literary agencies for a chance at a larger piece of business.