I am finding that the max they are willing to pay is 5%, I suggest in your listing that you put in agent comments that commission is 5 - 6 % depending what the bank allows. Also, be careful about additional liens on the property such as HOA fees and lawyer fees.
Yes, I've found that they will pay market commission ( 6%). However, for the amount of work that goes into putting a short sale together, they should pay us more. I like Mr. Whitehouse's recommendation.
We have seen most at 2 1/2 each side. Our local board just passed a ruling that what is offered in MLS is what the Selling Broker must pay the Buying Broker. Banks should not be able to change what the original contract says.
Recently a colleague of mine listed a short sale at 8% and got it!. So i feel due to the amount of work required we should all list quite high as we can always negotiate down but rarely up.
Best Regards Paul Whitehouse.
I've seen reasonable commissions of 5% being paid, I heard of sometimes 4%. Some Lenders will establish a set amount that they want to pay but it will be up to the agent to stand up for their commission and negotiate. .