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  1. #1
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    Default Realtor Commissions

    If using the same realtor to sell existing house and purchase new house, is it typical for them to charge discounted commission?

    What is typical commission rates in this situation?
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    Yes, they should be giving you some sort of a 'deal' for sure.

    There is no industry standard typical discounted rates, essentially whatever you can negotiate with them. But the fact of the matter is if you're giving them multiple deals, then they should reciprocate by giving you a decent discount.

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    I personally offer a "Beyond discount" and if there is multiple transactions I work out a better deal depending on the property

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    The trick is to just use Jordan
    Originally posted by Thales of Miletus

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    fact.
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by killramos View Post
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    The trick is to just use Jordan

    "BEYONDS OFFICIAL REALTOR" Instagram @jordanlotoski
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    Is the 7/3 method still common or can you negotiate? We're seriously looking at listing the condo this year despite the significant loss
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    Quote Originally Posted by msommers View Post
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    Is the 7/3 method still common or can you negotiate? We're seriously looking at listing the condo this year despite the significant loss
    Anything is negotiable

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    I've heard there's a real estate agency called 2% realty that charges 2%.
    I think there's other low fee realtors in Calgary too.
    https://bfy.tw/SVil

    The key question is always what value you want to get from your realtor. Some of the full fee ones are excellent value.
    Last edited by ExtraSlow; 02-06-2022 at 03:50 PM.

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    What incentive does any regular realtor have to bother showing something listed with a discount brokerage? Or does the other agent get to collect their normal commission and it's just the no name agent getting shit pay?
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
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    I say stupid shit all the time.

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    Quote Originally Posted by JRSC00LUDE View Post
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    What incentive does any regular realtor have to bother showing something listed with a discount brokerage? Or does the other agent get to collect their normal commission and it's just the no name agent getting shit pay?
    This is the basis of numerous anti-competitive practices claims against the real estate industry.

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    Quote Originally Posted by JRSC00LUDE View Post
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    What incentive does any regular realtor have to bother showing something listed with a discount brokerage? Or does the other agent get to collect their normal commission and it's just the no name agent getting shit pay?
    An interesting question. Shouldn't matter if the market is hot. But might matter.

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    Quote Originally Posted by ExtraSlow View Post
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    An interesting question. Shouldn't matter if the market is hot. But might matter.
    Well I can understand what Buster is saying because if I'm an agent, why would I market something where I'm going to get paid a fraction of what I should be? And if I'm listing, why on earth would I list with a discount brokerage knowing damn well my exposure is going to be limited. Hot market or not.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.

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    Quote Originally Posted by JRSC00LUDE View Post
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    Well I can understand what Buster is saying because if I'm an agent, why would I market something where I'm going to get paid a fraction of what I should be? And if I'm listing, why on earth would I list with a discount brokerage knowing damn well my exposure is going to be limited. Hot market or not.
    The trouble is that real estate agents sell themselves as fiduciaries, and if they do not act in your best interest by showing you properties which will not pay them as much, then they are no acting like fiduciaries.

    People are crazy if they think that a real estate agent will not act in their best interest if it is in conflict with your best interest. Your job as a consumer is to ensure that the real estate agents best interest is always in alignment with yours. That's generally good policy in all things.

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    Quote Originally Posted by JRSC00LUDE View Post
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    What incentive does any regular realtor have to bother showing something listed with a discount brokerage? Or does the other agent get to collect their normal commission and it's just the no name agent getting shit pay?
    Fees don't necessarily have to be split evenly. Instead of 3.5/1.5 being given to each realtor the selling one could sell for a 500$ fee and then still offer the regular 3.5/1.5 to the buyer. This happens somewhat often with comfree.

    Fun fact you can offer above the industry standard. In a slower market up the buyers commission an extra % and watch the vultures flock to push their clients towards yours. I had probably 30-40 viewings and no offers. Was going to drop the price by 10-20k but instead we upped the buyer commission a % (so 4k extra on 400k sale) and low behold we had 10 showings that weekend and then 2 offers within 24 hours of each other. One just offered full asking so we took it. This was 5-6 years ago when things weren't as hot as they are now. Would not do that today since selling is super easy in the current environment.
    Last edited by pheoxs; 02-06-2022 at 05:23 PM.
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    Quote Originally Posted by Buster View Post
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    The trouble is that real estate agents sell themselves as fiduciaries, and if they do not act in your best interest by showing you properties which will not pay them as much, then they are no acting like fiduciaries.

    People are crazy if they think that a real estate agent will not act in their best interest if it is in conflict with your best interest. Your job as a consumer is to ensure that the real estate agents best interest is always in alignment with yours. That's generally good policy in all things.
    I have tried explaining this at CP multiple times to no success.

    Me: "Just because they say that are fiduciaries doesn't mean they are."

    Them: "But they are say they, therefore they are."

    Me: "Man, life is going to suck for you."

    OTOH you have the same blind spot with health professionals.

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    A buddy sold his house on Facebook marketplace recently. No realtors. I thought that was kind of cool.

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    People who think realtors are greasy haven’t met enough investment bankers.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by killramos View Post
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    People who think realtors are extortionate haven’t met enough investment bankers.
    Ftfy

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    One thing I notice time and time again with people who choose to list their home themselves or choose a discount brokerage is 9 times out of 10 the home never shows well or is over priced.

    It’s either staged poorly, bad photos, dirty, or the price is out to lunch.

    I recall one of my clients writing on a sell by owner home, in the end the seller was not willing to negotiate and the deal fell through.

    Usually happens with self representation. They become too emotionally attached and are unwilling to negotiate.
    Last edited by 89coupe; 02-06-2022 at 06:53 PM.

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    Quote Originally Posted by ExtraSlow View Post
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    Ftfy
    Greasy was probably not the most eloquent word I agree
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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