[784caroline]

Trudy

On the MLS listing the only thing a selling agent wants to see is their part of a commission...that being 3%.......if its less than that you are correct you will get few lookers. It is the listing agreement that specificies 5% (or whatever) split 2 (listing)/3 (Seller). NOt following what you mean you can reduce commission at contract time "If both listing and buying agents agree". You can write into the contract as presented to the buyer, that the listing agent will get 2% and the buying agent has nothing to say (or should he/she care) about that. If you have been told otherwise the listing agent is trying to get the buying agent to share the cut......GET ANOTHER AGENT!!

I personally think you would be foolish to spend another $200k on a property that you are now trying to sell and expect to recoup that money back. If that were the Case why not try droping the price $100-150K and I think you would still be ahead ( and pay less commission!!!) If that does not work, go to plan B.