Quote:
Originally Posted by retiredguy123
I don't agree. The last house I sold had a 5.5 percent commission in the listing agreement. The agent brought me an offer which was less than the asking price. So, I asked her to reduce the commission to 5 percent. She agreed and modified the listing contract. The deal went through. I considered that to be a renegotiation of the commission because I had no obligation to accept a lower offer than the full listed price.
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You are right.I did the same thing.By reducing the commission to 5% I received my minimum sale price.There were two Brokers involved (listing & selling brokers).At first the selling broker balked,and then decided that A Bird in The Hand is Worth Two In The Bush. The Agents would have you think that 6% Comm. is written in stone,but it is not.They could sell for 1% Comm.