7% Realtor Commission?

[Bill H.]

Does anyone have experience and/or success with increasing the selling agent's commission to 4% and keeping the 'standard' listing commission at 3%? Assume the house is priced in line with recent, similar comps. Thanks for any input.

[Mark Yuschak]

I've never seen it work well, either. And I'm a Real Estate Broker. Of course I'd always like to get more commission, but it rarely works, if ever. Price is the biggest determining factor in getting it sold.

Think about all the HUD houses - they all have 5% commission to the buyer's agent. Plus, in MI, if it's an owner occupied buyer there's a $500 bonus. Yet, they still sit on the market forever.