Perhaps you are a buyer that has low-balled an offer and are trying to stick it to your own Realtor by trying to get them to cut their commission. Should they take less? I don't know. Could you raise your offer?
When there are no specifics, conjecture rules.
IS the seller still taking a profit?
Everything is negotiable. The realtor should take less commission to get the deal done
I go back to - you don't like the deal, then, go wait for another one to come along.
Do contractors take less money for providing their service?
Looking back, I wish I had let the deal slide to hell & off the table, as I would of, at the very least ,got a huge laugh and not be sitting here, remembering how I screwed myself ,to make these people happy for one moment..
I therefore sescind my statment of 'yes, give your hard earned commissions away'...to state," throw your clients away and get rid of these thieves. I now say. Hell no, NEVER reduce or talk about what was a separate contract between the seller and Realtor, that was agreed to prior to any purchase or sale between the sellers and buyers.
If the sellers can't afford to pay the commisisons promised prior, then why should they be able to 'trick you' into working hard for them on the contention of being paid such, and then later... stealing your money by strongarming you due to their bad finacial caluculations later? We say yes sometimes ONLY due to the fact WE NEED the money and some money is better than NO money. I say, give me a rich old man first and I will marry him rather than pimp myself out to these sellers and buyers that I truely and hate to admit, dislike..
Unless you are on "Wall Street,' that rhetoric holds no value.
That's right Mack!!
Just to chime in on the original question again, at the risk of bothering Frank, who thinks we have too much time on our hands to be here, yet is here himself. . .. :)
I have been negotiating a 800,000 purchase for the past 2 weeks. The buyers started out by asking me if I could do "something" on the commission, since they bought the first house they saw and I didn't really have to do any "work". This has been a real hair pulling 2 weeks. The listing agent is incompetent and unintelligible, and I have been fielding phone calls from the SELLER, who also thinks the listing agent is incompetent and unintelligible. If this deal ever flies, which I have my doubts, it's going to be one of the most difficult easy sales I have ever made.
Oh my, just wanting to make deals work. This has gone beyond Rep Chandler, I feel a connection to other agents, you know people.
A moment ago - Delete this answer
You've commented four or five times that you feel this question is rediculous (sic), and yet it continues on. You should do the same.
(1.) If the buyer and seller are not in agreement of repairs needed, and those costs might be at the cost of seller, and the seller is broke, then, if the sellers Realtor wants to contribute funds to the seller, then I say, YES,the Realtor should take less from the sellers commission offer, if the commission is paid at a normal and customary listing commission, to make the deal work...but, it depends on how much..
(2.) If the money is asked of, from the buyer, to make the deal work, then I say NO.
The commissions are usually governed and paid by the seller, therefore only the seller and Sellers Representative, can reduce the commissions. Buyers agents do not govern commissions paid for by the seller and usually deserve every penny earned. The BUYER should never ask for contributions from the Realtors to buy thier property. I know many buyers who 'have' strong armed Realtors to do so, after they entered into Purchase agreements.
Then listing agent goes to work, brings "ready, willing, able buyer", buyer and seller come to terms then about price and sign that contract. Realtor works with transaction and "bump" buyer wants repairs, seller won't repair and then these parties want Realtor to pay....that is typically when I see this question come up. I don't have in my contracts "Realtor to pay repair costs of sellers home" but all business decisions are up to the Realtor, have I never...no. Every business has a courtesy credit they can choose to offer their good customers, so do I. Remember, we are running a business here not just order takers...when you take your business seriously, so will your clients.
I do not as a matter of course include my fee in the negotiation, but without the details I cannot say whether it is appropriate or not to ask your broker to reduce his/her commission.
Let's hope so, otherwise we will see worse gridlock than now.
Mildred Valentin, Realtor
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