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Updated over 4 years ago, 06/24/2020
Negotiating Realtor Commission?
Hello,
I'm working with a buyer's agent to make offers on properties. I'm making an offer on one SFH for about $170,000. We're also making an offer on a 4-plex for over $500,000.
Given that the 4-plex is more than 3x the price of the SFH, would it be reasonable to ask my realtor to do the 4-plex at a lower commission rate?
If so, what would be a rate to request that would be reasonable?
At a 3% buyer's agent commission rate:
The SFH = $5,100 Commission to buyer's agent.
The 4-plex = $16,000 Commission to the buyer's agent.
How much more work goes into the contract on the 4-plex? Would asking for a 1.5% or 2.% commission be acceptable?
Thanks for your advice/feedback.