Commissions Explained
There are two things you must know about real estate commissions. First is that there are usually two agents in a transaction. One represents the seller (Selling Commission), and the other represents the buyer (Buyer Broker Commission). Secondly, all commissions are negotiable, and every agent should be able to fully explain what they do and what they charge. There are some agents who demand a higher commission and are worth every penny, and there are some agents who heavily discount their commission and are not even worth what little they charge.
You must be the judge. It is your money. Ask for and receive a full explanation when it comes to commission.
As you can see, each of the Selling Strategies on this site have a range of commission charges. These can vary and are negotiable, depending on your property and circumstances. These are all Selling Commissions. With some strategies, you may wish to offer a Buyer Broker Commission to compensate the buyer’s agent for their efforts. This is entirely voluntary and should be discussed with your Listing or Selling Agent. There are times this offering may be wise and times it may be wasteful. But remember, commissions are always negotiable.