Quote:
Originally Posted by 1stLand
The Commission a Buyer's agent earns on a $400,000 home offering a commission fee of 3.5% on the 1st $100,000 & 1.5% on the balance is $8,000.
If that $400,000 home is negotiated up to $410,000 - the extra money the Buyer's agent earns in commission is maybe a hundred dollars at best.
Hardly worth it to conspire against your client and work in the Seller's best interest if you ask me. I would rather have a happy Buyer giving me out future referrals for doing such a great job in negotiations.
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Okay, good point on the excess amounts over 100K.
If the commission is the same for both seller and buyers agents; wouldn't a single agent be more likely to adjust it to benefit both parties? For example reducing purchase price for buyer and reducing expense for seller.