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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Agent here.   Last weekend was the first weekend the commission change became real for agents.  I am offering 1% to buyer agents on listings and any additional can be paid by the buyer or negotiated with the seller.

In three multiple offer situations, the three agents who wanted only the 1% commission got the deal. The offers were similar and the sellers took the offers that netted the must to them.   Agents were angry but I told them that our industry had done it to them.   If they want to succeed, they have to prove their worth to buyers and get paid by buyers.  [/quote]

How did it already become real? The MLS still displays the commission and I haven’t seen any that are 1%. [/quote]

Because the sellers that you saw last weekend signed with their listing agents weeks ago. I also understand that the MLS requirement was pushed into August. We’ve seen a number of sellers agents advertising  just 2% total commission and a few advertising just 1%. I assume these offer zero to the buyers agent. We are in a hot market with nothing under $2 million.

Buyers will not be happy when they keep losing offers because their agent is trying to get 2.5 % from the seller. It’s simply an offer that is 2.5% lower than the others.[/quote]

2.5% has not been the number for years. We bought last year and the commission was 2% to seller's agent and 2% to buyer's agent. We paid 2.5% 12 years ago.[/quote]

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