2 ms·
> It would make much more sense to have a laddered commission, for example: $5k plus 10% of the amount over Threshold1 and an additional 20% of the amount over
by Gustomaximus 6y ago
> It would make much more sense to have a laddered commission, for example: $5k plus 10% of the amount over Threshold1 and an additional 20% of the amount over Threshold2
Anything stopping this where you live? I've done this. When they quote a price they will get say sure and your commission halves under this. They have themself cornered as they already told you the price they can sell it (which they generally inflate) so it very hard for them to say 'no' without you countering why would it matter if that is the price that can get.
You have the upper hand pre-contract. Agents really want the contract at the beginning + they actually have 2 jobs according to a agent grind if mine; the first is getting a buyer and the second is lowering the sellers expectation to except offers as if often the case. This reduces the second.
- hkmurakami 6y ago+1 there’s nothing preventing a seller from insisting on a graduated commission structure. In hot markets like SV agents love to be the selling agent. In fact given the low probability of a successful purchase with buyer competition, getting listings may even be the #1 skill/attribute of a successful agent. Agents regularly engage in client management. The best agents can manage counterparty agents and get a deal done to close the buyer/seller gap. Clients have a lot of room to perform more stringent agent management in hot (ie liquid) markets.