The commission agreement is certainly something that is open and negotiable between you and your Realtor. Different Realtors have different philosophies on commission and what their business structure will allow them to do. If you'd be interested in knowing ours, please give me a call or email. I'll be happy to discuss this with you. Just be sure that you are getting what you pay for.....or what you don't pay for in this case :) I'm here to help!
Better Homes and Gardens Real Estate Metro Brokers
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The agreement should be comfortable and fair for both the seller and their agent. Showing a home is the easy part of our job, as well as the most enjoyable. The troubleshooting and making sure all the loose ends are taken care of are where you need a professional agent that knows what they are doing.
What happens, though, if the house that you've already found goes under contract before your house sells?
The Realtor would be working the buying side for you - even if you found the house. Realtors do much more than just find properties. There is alot of paperwork to do and the Realtor protects you and your investment. They are held liable for representing you and can be sued so I don't know of any that would work for free. (Yes, they would be working for free on the selling side if they didn't get paid for all the work they would be doing for you on the buying side).
Also, when you sell, you will be paying both the Listing Agent (your Realtor) and the buyer's agent - your Realtor doesn't get all the commission - they split it with the buyer's Realtor.