quote:
Commission is negotiable as others have stated but to what extent is up to the individual firm / broker. My broker does not allow anything less that 5% He has allowed 4% once or twice but that was for a super rare occasion. Ask yourself this as well... Do you want your house on the market with a 2% Selling Agent commission vs. a lot of other homes with a 3% Selling Agent commission on them?

So in a 5% total compensation, where typically a buyers agent has agreement to a standard 3% commission, your strategy is take 3% for listing and offer 2% to Selling agent?

You need a new brokerage. Yours is stupid. If I were in your market and we were competing for a standard residential client I'd cut my rate to 4.75% and offer a 3% commission to buyers agent so they'd have no reason not to show my property. May not sound like much but on a 250K property thats $625 in sellers pocket.

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Posted by AUtigR24

Happy Hour

Member since Apr 2011

19801 posts

Posted on 7/24/18 at 4:44 pm to ItNeverRains

No I was using the standard 5% and 6% commission rate as a base and then splitting it evenly between selling agent and listing agent.

For instance if you have a buyer looking for a $250k house...You're scrolling through the MLS and see two very similar homes for $250k One is the OPs with a 4% total commission (2% to you the selling agent) Vs. the other home which has a standard 6% commission (3% to you the selling agent). Which home do you think realtors are going to push their buyers towards?

My point was to the OP that you can negotiate your realtors commission down to a point where it may hurt you instead of help you.

This post was edited on 7/24/18 at 4:46 pm

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