Quote:
Originally Posted by fintstone
As noted above, the buyer does not negotiate what either realtor gets paid. It is between the seller and the listing and buying agents. That said, a lesser commission will allow a seller to reduce the price ad get the same return. The buyer negotiates his best price knowing that one or both realtors may possibly take a lesser commission if price is a deal breaker (but by only a percent or two). I have had a buyers agent that took a flat fee of $500 (told me that is what they would do in advance) and after negotiating a best price (including their 3% commission), gave up all but that $500 of the $18,500 they would have gotten to sweeten my deal.
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They are no dummy. Lose the 500 bucks and close the deal. They will work it out between the two.