realtor company on both sides of transaction

[Anonymous]

We are considering putting in an offer on a house where one partner is the seller agent and the other is our agent. What is the general rule about the commission in this circumstance? Should I negotiate a discount on one side or the other of the transaction? My agent will also list my house.

What can i expect in the negotiation? I assume my agent will represent my interests faithfully? Not likely to be a bidding war scenario on this house

[Anonymous]

The situation is undoubtedly in your contract, so no negotiation can happen unless try are willing to renegotiate one or both of your agreements. Look for types of representation - what did you agree to? And commission - any discount in contract if both are same company?

[Anonymous]

You wouldn't get a discount. Why would you think you as the buyer would get a discount? The commission is agreed upon by seller to pay to listing broker. If anyone gets money back because it's an "in-house" transaction, it would be the seller - the one who is paying that commission.

Everyone gets so greedy about a commission without understanding how it works.

[Anonymous]

Not only that, I never understand why people think it's appropriate to ask a professional working for them to give them some of their income. Why on earth should someone else pay for you to buy something?

Now, if you want to ask for a reduction in commission since they'll get both sides, that's something you probably should already have asked about - makes no difference if they are on both sides of the transaction or not (though I would question how hard they'll negotiate for you - surely, the partners will talk and surely both agents know stuff about both of you).

Either way, if they have a listing, they'll sell it to someone and won't have to give you money to do so. It's totally inappropriate to think so.

[Anonymous]

PP here - to clarify, I meant asking for a reduction on their commission for LISTING your place. Not a reduction since they're listing and selling the same place.