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Started By
Message
are real estate commissions negotiable in Louisiana?
Posted on 1/8/15 at 9:28 am
Posted on 1/8/15 at 9:28 am
11
Posted on 1/8/15 at 9:29 am to LSUvegasbombed
I know mine was in L.A. and I would bet anything they are there
Posted on 1/8/15 at 9:30 am to LSUvegasbombed
Yes they are
Posted on 1/8/15 at 9:30 am to lsu480
everything is negotiable
Posted on 1/8/15 at 9:30 am to LSUvegasbombed
yes, they had a chick charging only 2% a few years back and she was pissing off agents all over BR. Brandy Farris?
Posted on 1/8/15 at 9:31 am to LSUvegasbombed
Yes, the only thing fixed is the max amount they can take.
Posted on 1/8/15 at 9:38 am to Lakeboy7
Yes they are negotiable. USUALLY 6% for residential but commercial can vary. And no there is no max limit on commissions.
-real estate agent in Louisiana
-real estate agent in Louisiana
This post was edited on 1/8/15 at 9:40 am
Posted on 1/8/15 at 9:41 am to LSUvegasbombed
Mine were but I dealt with a friend who owned his own agency.
Posted on 1/8/15 at 9:43 am to Shexter
quote:
yes, they had a chick charging only 2% a few years back and she was pissing off agents all over BR. Brandy Farris?
Seems like a pretty great idea. I am not surprised that other agents would be pissed. It would force them to also compete and lower their artificially fixed number
Posted on 1/8/15 at 9:48 am to LSUvegasbombed
There is no purpose paying three percent to the listing agent. Absolutely none. In fact, there is no reason to even pay two. You can hire a photographer and post to MLS for very little.
In a seller's market, what jerkoff deserves eight to twelve grand for listing a $400,000 home that gets multiple offers in a week on MLS?
In a seller's market, what jerkoff deserves eight to twelve grand for listing a $400,000 home that gets multiple offers in a week on MLS?
Posted on 1/8/15 at 10:10 am to LSUvegasbombed
You can negotiate any fee that you both feel comfortable with. Most of mine are a flat fee… but I mostly do private commercial sales
Posted on 1/8/15 at 10:18 am to LSUvegasbombed
In my experience, if you have a good agent they will not negotiate.
Posted on 1/8/15 at 10:22 am to LSUvegasbombed
I sold two houses this past year. Both fees were 5% without having to negotiate. I think some of it depends on the value of the house (i.e. the more expensive the house, the more likely the agent will agree to reduce their commission).
Posted on 1/8/15 at 10:34 am to Tigerstudent08
quote:
yes, they had a chick charging only 2% a few years back and she was pissing off agents all over BR. Brandy Farris?
Seems like a pretty great idea. I am not surprised that other agents would be pissed. It would force them to also compete and lower their artificially fixed number
Other agents wouldn't show her houses because they didn't want to work for 1/2 of the 2 percent commission.
Posted on 1/8/15 at 10:39 am to LSUvegasbombed
I personally wouldn't use an agent to buy or sell residential real estate these days, but that's not really an answer (seems you have your answer from other posters).
However, one more thing to consider, and this may have been mentioned and may be some shade of improper (check your loan docs and may be an ethical violation by the agent)--DISCLAIMER--I'm not giving legal advice here--DISCLAIMER--I've HEARD of certain buyer agents taking only 1 or 1.5 percent of the 6% pie and giving their clients cash at closing. Just a rumor.
However, one more thing to consider, and this may have been mentioned and may be some shade of improper (check your loan docs and may be an ethical violation by the agent)--DISCLAIMER--I'm not giving legal advice here--DISCLAIMER--I've HEARD of certain buyer agents taking only 1 or 1.5 percent of the 6% pie and giving their clients cash at closing. Just a rumor.
Posted on 1/8/15 at 10:40 am to tigers win2
quote:
Other agents wouldn't show her houses because they didn't want to work for 1/2 of the 2 percent commission.
I don't understand how that would work? When I've been looking for a house, I've had my agent set me up with a MLS update that sends me an email nightly that shows any new homes or changes to MLS listing in the area and price point I'm looking for.
Then I'd call my agent and say I want to look at XYZ House.
Posted on 1/8/15 at 10:40 am to The Third Leg
quote:
There is no purpose paying three percent to the listing agent. Absolutely none. In fact, there is no reason to even pay two. You can hire a photographer and post to MLS for very little.
In a seller's market, what jerkoff deserves eight to twelve grand for listing a $400,000 home that gets multiple offers in a week on MLS?
totally. it's just like so many obsolete and absurd things we spend money on. Herd mentality.
Posted on 1/8/15 at 10:42 am to The Third Leg
quote:
In a seller's market, what jerkoff deserves eight to twelve grand for listing a $400,000 home that gets multiple offers in a week on MLS?
Maybe you would have a point if it were a seller's market right now, but with low rates and an abundance of inventory, this is most certainly a buyers market. Might consider using an agent if you don't know the difference.
Posted on 1/8/15 at 10:49 am to Golfer
quote:
When I've been looking for a house, I've had my agent set me up with a MLS update that sends me an email nightly that shows any new homes or changes to MLS listing in the area and price point I'm looking for.
Then I'd call my agent and say I want to look at XYZ House.
And you paid someone commission for that?
Posted on 1/8/15 at 10:51 am to TheBoo
quote:
And you paid someone commission for that?
It is very rare that you pay an agent when buying a home. Their commissions are covered by the Sellers. If it is a 6% listing, 3% goes to the Listing Broker, the other 3% goes to the buyers Broker. The agents have an agreed upon split with their Broker, which is how they are paid.
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