Reply to How common is it for buyers to get part of the commission?

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Reply to "How common is it for buyers to get part of the commission?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thank you for your responses (and defending me, I'm not a bad person). As a PP repeated for me, my contract with the realtor has expired. At the end of a set contract period (as with any job that has a contract period) we assess how things are going and if anything needs to change. Then, if desired, a new contract is written up.

Our realtor is nice, but he's not my friend, he's my realtor. I'm doing half the work myself finding the listings and attending open houses. My question was if others have asked for a rebate, of any amount, in their agreements. Sounds like the answer is yes... and it's not uncommon. [/quote]

I would suggest that you have some backups in hand before you approach your (previous) broker.  If you really prefer to work with this particular agent and s/he balks at a rebate, show that you already have someone else as a backup, and propose that you work under a similar structure.  The key is to be unemotional, prepared and informed.  [b]Fwiw, I'm the poster that got 2% back on the $1 mil+ home. It's your home, it's YOUR money! Good luck!  [/quote][/b]

Question: Is that 2% rebate based on a 3% commission? I have a 2% broker (who advertises as a 2% broker) who'll give 2% back only a 3%. If it's a 2.5%, he gets 1% minimum. Is this how it typically works for a 2% back broker? They do a 1% minimum? I'm talking 1.5m. Thinking of just going with an hourly broker, since I'm doing most of the work. [/quote]

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