nosuchreality
Well-known member
With the change in market conditions have there been any changes in listing commission structure?
Is 2.5%/2.5% still typical for listings?
Is 2.5%/2.5% still typical for listings?
Sold my home 3 months ago & paid 2% each for listing and buying agents. They both were very happy because home was sold north of $1mil. I guess it all depends on how much the house is worth. If its value is low, 2.5% for buying agent is more enticing.
3/3? That's pretty rare. I've seen mainly 2/2, 2.5/2.5 or 3/2 or 2/3, depending on market condition. For the past couple of years, it was mainly 2/2, sometimes even 1.5% for buyer's agent since it was seller's market.This is interesting... back in the day it used to be 3/3... now it's 2/2.
Is this the Redfin effect?
With the ease of access to available homes through Redfin and Zillow does incentivizing the buyers agent really work?? I’m assuming most buyers have visibility to all the homes on the market and new homes that come online. I can’t imagine an agent being able to persuade a buyer to go buy a particular house because the buyers agent fee is .5% higher.