At one time here....7% was considered the norm. Now what that means...is you as the seller pay this percentage based on what the house sells for. The listing agent receives 3.5% commission and the selling agent would receive 3.5% Their respective agencies would get half of each agent's. If the listing agent is the agent who sells your home...the entire commission is split between the agent and the agency.
Yes, it is negotiable...however be aware when your agent agrees to a lesser commission amount...it also means anyone else selling has to accept a lesser commission also. Some agents will chose to show other homes instead of yours because of that.
__________________ Deb, Reese, Reggie, Frazier, Libby, Sidney, & Bodie |