wabmester
Thinks s/he gets paid by the post
- Joined
- Dec 6, 2003
- Messages
- 4,459
jazz4cash said:Think about the Math.....
if sales price is $100,000 and commission is 6%, seller pays $6000, and nets 94,000
if seller agrees to give you 3%, sales price is $97,000, seller STILL pays 6% (of 97K) which is $5820, and nets (97,000-5820=) 91180. Unless realtor agrees to pay out of the listing commission (unlikely), it wont work.
Huh? Doesn't the listing make the commission split clear? It's generally 3% to the listing agent and 3% to the "selling" agent (usually a buyer's agent). Listing agents don't like it when there's no buyer's agent since it means a little more work for the listing agent, but I don't think they expect to get a full 6%! In any case, the seller can negotiate the commission fees when they list, and agents will often be flexible about fees to close a deal.