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Updated almost 2 years ago on . Most recent reply
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Increasing buyer agent commision
Hi, I noticed if I increase listing commission into 3.5%, The home is really having good output return from a marketing perspective.
However, what if I do the reverse? say increasing buyer agent comms. from 2.5% to 3.%, will it show a different result ?
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Quote from @Scott E.:
Just make sure you're offering whatever the industry standard is in your market. Around here, most brokers still expect 6% commission with 3% going to the seller agent and 3% going to the buyer agent.
If I listed a home with 2.5% going to the buyers agent (co-broke), that would generally be considered a discount.
I don't want to send that message to buyers agents in my market. So I always offer 3%.
This is interesting. Where I am the listing agent often gets a higher commission than the buyer's agent as the listing agents have more costs associated with the process.