But I actually had a question regarding this process, I know the bank sets the sale price of the property, but does the agent’s commission take a hit?

Anyway, I agreed to sell at $360k dropped my credit to buyer of $2k, my realtor took 1% less commission and we closed the deal.

Check online for the real estate licensing commission or board for your state, and you should be able to find the requirements, if no one else has local info for you...

My main interest is purchasing homes or apartments so that I can rent them out, I dont necessarily have in interest in helping buyers or sellers for commissions.

Also, without a realtor/listing wouldn't that allow the seller/lender to save even more not paying realtor commissions and possibly help justify the reduced price?

Also, if selling yourself would you offer a buyers agent commission to entice agents to bring buyers?

Now, I want to touch on another thing.Beachbum wrote"agent agrees to a reduced commission of ___".

(through no fault of yours)... can you deduct your lost commission on your income taxes as a capital loss?

After getting contacted by a owner facing foreclosure, what if they would approach the lender, let them know how they are trying to help, their required commission and then ask for approval.

Often that part of the demographic doesn't search craigslist and FSBO websites.However, the biggest mistakes that I see FSBO sellers making is the following; the (FSBO) buyers are looking to save the 6% commission, and the sellers are looking to save it too!