If a real estate agent acts as both the seller's and buyer's agent, does he/she [Archive] - Real Estate Insider Forum
 
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socalteacher
07-30-2007, 02:10 PM
get the full commission? Normally, the commission would be split, so on a 6% commission, it would be 3% and 3%, but if one agent handles both sides of the sale, does he/she get to keep the 6%? If I'm the seller and since the seller pays for the commission, can I suggest that I just give him/her 3% if I don't go with my own seller's agent, since that's what he/she would get anyway...that way, I would save money on commission. I don't know if I made any sense, but I hope I did.

dkarlsenyh
07-31-2007, 12:00 AM
Well you can suggest anything you want, but what matters is what the listing agreement says. Some agreements state that if the listing agent also sells the property, then the commission is reduced to some such percent, like 4%. They're not going to be willing to accept only 3% total if they sold it also.If you haven't signed a listing agreement yet, then I suggest that you decide what terms you want, and then see if the agent agrees to your terms. But it has to be spelled out exactly what happens in the listing agreement.

open4one
07-31-2007, 12:11 AM
If you haven't already signed a Listing Agreement, and an agent comes to you with a Buyer, yes, you can negotiate the commission. The agent doesn't keep the full commission, they get part and their broker gets part, and that agent probably drove that Buyer to a number of houses before they signed an Offer, more than you might believe. Don't push them too hard, but again, yes, you can negotiate the commission if you haven't signed an agreement already.