Per real estate law, commission rates are always negotiable. The commissions rates in Southern California are typically in the 5-6% range. Usually the listing agent will split that 50/50 with the selling agent so your total commission is the 5-6%. Seller agrees per a listing agreement to pay to Broker as compensation for services irrespective of agency relationship(s), either percent of the listing price (or if a purchase agreement is entered into, of the purchase price). Seller should be advised of Brokerâ€™s policy regarding cooperation with, and the amount of compensation offered to, other brokers.
Broker is authorized to cooperate with and compensate brokers participating through the multiple listing service(s) ("MLS") by offering to MLS brokers out of Brokerâ€™s compensation specified.
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