Yeah, right now you can expect around 15% off the list price, depending on the seller and how motivated they are. I've seen deals for 25%+ because people are dumping homes.
I can't remember what the standard real estate commission is; something like 3.5% on the first 100k and 1.5% on the balance (not sure it's been a while), but when I was selling a $350k home I was paying around 15 grand in realtor fees. If all he's going to do is drop $1000 from the commision, all the while trying to sell the house for as much as possible (remember, the realtor makes more the higher the sale price) I'd DEFINITELY get my own realtor to make sure you're being represented in your best interests.
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