[thirst4truth]

Just wanted to remind you that the 6% is and always been negotiable, no price fixing allowed. And 3% goes to the listing broker 3% goes to the selling broker. Then that 3% gets distributed to Franchise fees, Errors and Ommissions insurance and a split with the broker office. Typically the agent/broker gets anywhere from 60%-75% of that 3% commission.

[jaydubya2]

"And 3% goes to the listing broker 3% goes to the selling broker. Then that 3% gets distributed to Franchise fees, Errors and Ommissions insurance and a split with the broker office. Typically the agent/broker gets anywhere from 60%-75% of that 3% commission."
My realtor gave me that story too. I told him I don't care who gets what, I just care what it cost me.

[sitetest]

Dear thirst4truth,

Like I said, I don't have a problem with Realtors getting the commission for which they can negotiate.

I also pointed out that in a market like Washington, DC, the price of houses is high enough that Realtors have, indeed, begun to compete a lot on commission. Works for me.

But in one instance cited in the article, Realtors in one state are actually trying to pass a law restricting rebates of commission. This restricts the freedom of an individual Realtor and seller to negotiate commissions. I'm very much against that.


sitetest