Question: How Do I Ask My Realtor To Lower My Commission?

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

  1. Study comparable sales.
  2. Cultivate goodwill with the agent.
  3. Establish the agent’s rules before negotiating.
  4. Identify some potential weaknesses.
  5. Understand the vendor’s position.
  6. Make sure your offer is clear.
  7. Tell the agent about your Plan B.
  8. 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!