My family is listing a $1.5M home and the agent mentioned that the brokerage enforces a 2.7% buyer agent fee, only shown online. Opinions?
im not a lawyer but its usually a guideline not strict enforcement. its best to chk your contract details and ask the agent for clafrification, as these can vary
I’ve seen cases where that commission is more of a guideline than a hard rule. Have you thought about asking your agent how flexible it might be? It’d be interesting to hear if others found room for negotiation on this point.
In my personal experience, while many brokerage firms list a standard 2.7% buyer commission, it is not always a strict rule. In a previous sale, I found that although the commission was noted in the listing details, it was subject to negotiation and could vary depending on factors such as market conditions and the specific agreements made. It is advisable to thoroughly review your contract and seek clarification from your agent regarding any commission fees before proceeding. Consulting with a legal expert can also provide additional clarity.