Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame...
by arcticgeek on Friday November 17, 2023 @11:08AM
(#38305463)
It is customary, at least in some locales (US-AK), that the commission is split evenly between the agents.
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame...
by poulsbohemian on Friday November 17, 2023 @01:59PM
(#38308277)
I would caution against assuming that anything related to commissions is actually customary, including an even split. All of this really is negotiable, and when I think about the past year, I've seen multiple occasions where different splits were offered. For example - I referred some business to an agent in Tennessee, who in order to pay my referral* convinced seller to offer a lesser split to the buyer's agent. I know of at least one agent in my market who does similar. I know of another agent who charges at least 10% on any land deal, while others are flat-fee.
* If I were a member of the public, I'd be more upset about referral fees than commissions. This is a far more grey / nebulous area of real estate compensation. We have to disclose and discuss commissions up front, but referral fees are often in the shadows and definitely can cause buyers / sellers to pay more.
Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame...
by arcticgeek on Friday November 17, 2023 @07:58PM
(#38313352)
yep, agreed. I know and have talked to some brokers about this in the past, and also closed a few deals as both a buyer and a seller. The commission was split evenly in my experiences but I should have said ‚typical‘ even if only as a starting point in negotiations.