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To: dragnet2
Not true, many of the banks do it. I just got 4% from a bank for bringing a buyer. The listing agent got 3. Simple law of supply and demand. Offer 4% comp and get the agents in droves.

We steer our clients based on the deal or type of house, btu I know some agents who search the MLS by the comp they get and won't show if it's under 3%. Not good for the client, but it's being done.

90 posted on 08/02/2008 6:21:48 PM PDT by purpleraine
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To: purpleraine
It was common years ago for agents to get and split the 6 percent.

I would never *ever* pay 6 percent for someone to list a home and do some paperwork. With the big increase of housing prices, (in my area), even in a slow market, 6 percent was a huge pay raise to the RE agents. I never got that large of a pay raise, so I am not prepared to give a RE agent that kind of raise just to list a home. Again, I am talking my area.

Sales commissions are all negotiable and I would urge anyone selling a home to vigorously negotiate the sales commission.

93 posted on 08/02/2008 6:45:15 PM PDT by dragnet2
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To: purpleraine
I know some agents who search the MLS by the comp they get and won't show if it's under 3%. Not good for the client, but it's being done.

LOL, I know all about that. That was the old days before computers. Anyone looking for properties now are using a computer, and it'll show the listings regardless of what some RE agent prefers to show due to commission percentages.

96 posted on 08/02/2008 7:11:16 PM PDT by dragnet2
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