re: Realtor Negotiations

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Absolutely in your scenario. Our average home sells for around $160k IIRC. If you were to take 1% of that by the time you pay out your broker 70/30 split and franchise fees you would literally walk away peanuts. That's why I was using the standard listing agent / selling agent 50/50 split But like you said if it's a high dollar listing and you know it will move quickly then absolutely.

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So your broker would let you take less than 5% if the numbers work

Can’t understand, especially in markets with median prices so low, why on earth you’d do a 70/30 split with big box brokerage (assuming it’s capped around 16k-ish). I pay $500 per closing & after 10 closings I keep 100% of my money. My monthly fees are $50/mo. Of course I have MLS and Association and E&O but you need to keep more of your money unless the referrals directly from brokerage are unbelievable