Negotiating selling commission on a $1.2M sale

[Terese Victor]

I've sold 6 properties in Denver metro (all under $500K sales price) and the highest commission I've paid to my selling realtor has been 2.5% (+2.5 or 2.8% to the buyer's realtor). I am now prepping to sell a home for $1.1M to $1.2M, so I am planning to offer my selling realtor a max of 2%, and the buyer's realtor the same. Does this seem reasonable?
I also pay for performance, meaning if my selling realtor gets my full net-price or better, I bonus them an extra .2% (which would be $2,400 in this example).

[Christopher Wilken]

Two percent for the listing agent is fair.

With the new flexibility due to the NAR settlement, I wouldn't, as a seller, offer to pay the buyer's commission and have the buyer pay the buyer's commission. After all the buyer is receiving a service from their broker and they are best positioned to negotiate the commission between themselves. I am listing a property now and this is what I am doing. While the listing agent may encourage you to offer a buyer's broker commission to motivate them to have their client consider the property, A) they buyer should now have an agreement regarding the commission and B) the buyer will see the property on online platform, diminishing concerne about the broker steering away from properties that don't offer a buyer's commission.