Quote:
Originally Posted by rustyp
I am not sure how this works today. Assuming a 6% commission is it customary for the listing agent to get 3% and the actual agent that made the sale get 3% ? If the listing agent is the agent that made the sale does that agent get all 6% ? If this is true then your statement about being who is the winner/loser doesn't quite paint the whole picture. Under the new rules if the buyer purchased from the listing agent (let's say an open house walk off the street situation) there would be no buyers agent ? Only 3% would be the total commission. If a significant amount of sales today are made by the listing agent and that agent gets the full commission of 6% now that agent is only entitled to 3%. Is that correct? If so the listing real estate agents are the losers here. Everyone knows ultimately the buyer is paying the commission today - it's baked into the price the seller is willing to accept.
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In fact the Owner/Seller (typically) pays the Listing Office a 6% commission.
What that Realtor does with it is up to them.
Usually, within the Listing Brokerage, that 6% is split/allocated/reserved as 3% for the listing process and 3% for the (eventual) sale).
If another office makes that sale, then the #%'selling' commission is paid to the other/Selling Realty.
And as you ask, the Listing Office retains the 3% Listing Commission.