Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tennessee Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

9
Posts
3
Votes
Michael Letts
3
Votes |
9
Posts

Real Estate Agent Commission TN

Michael Letts
Posted

Hello,

First time poster, long time reader! I’m in negotiations on a home in Tennessee and found the home on my own and without an agent. As I am now in negotiations I offered, what I assumed, was a standard offer of $10,000 less on roughly a 350k property. My explanation was that the selling realtor takes 3% commission and since I am with out an agent that 3% (roughly 10k) would be removed from the asking price giving the giving the seller the same amount they wanted and making a more favorable price for me the buyer. 

The agent said ”the commission is decided prior to listing the home in the Listing Agreement with the Seller. It is an agreement between my company and the Seller. As a buyer - whether represented or underrepresented - this is not something you can negotiate, nor is it something that will be reduced in benefit to the buyer”


Thoughts?

Loading replies...