What to say when you’re asked to lower your commission
- Ask why. The obvious reason is to save money, but a seller’s answer could give you insights into other options you can offer that have nothing to do with commission, such as the length of your listing agreement.
- Show your worth.
- Detail the data.
- Throw in some freebies.
- Just say no.
How do I ask my realtor to reduce commission?
These are agents who might ask for a higher commission but quickly agree to lower fees if there is competition from another agent. If you like an agent who has quoted you a higher commission but interviewed a second who agreed to do the job for less, call the first agent and offer the second agent’s fee. Explain why.
Can Realtors adjust their commission?
Dear Fred: The answer is yes. Everything is negotiable in a real estate transaction, including the commission, which in most parts of the country is 6 percent of the sales price, usually split between the listing agent and buyer’s agent. But there’s more to the story than a one-word response can tell.
How do you negotiate with a Realtor?
How to: negotiate like a pro
- Study comparable sales.
- Cultivate goodwill with the agent.
- Establish the agent’s rules before negotiating.
- Identify some potential weaknesses.
- Understand the vendor’s position.
- Make sure your offer is clear.
- Tell the agent about your Plan B.
- Don’t be too greedy.
How do I defend my real estate commission?
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Three Powerful Scripts for Defending Your Commission – YouTube
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What is a fair Realtor commission?
The typical commission is 6 percent, which is split by the agent for the buyer and the agent for a seller—3 percent each. But it’s only paid by the home seller.
Why are realtor fees so high?
They charge a lot because it takes work and money to market, it is hard to get licensed and become a real estate agent, they have to pay for dues and insurance and real estate agents usually have to split their commissions with their broker. The biggest reason a real estate agent gets paid so much is they are worth it!