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Question pstd to wrng City: Please read re: Realtors' Commissions!!

Sorry 'bout the odd title!  Somehow my question originally posted to Puerto Rico rather than Southern California and I can't delete it.  This new title was the only way I could figure out how to get it back to California! 

Our house is in escrow, and we're expected to pay commission for both ours and seller's agent.  Turns out, both agents are in the same office.  What  rate would be reasonable now?  Should our agent have pointed out that maybe rate should be negotiated once this happened?
  • October 04 2009 - Los Angeles
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Answers (3)

there has to be full disclosure check your paperwork
  • October 04 2009
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Profile picture for frisky1

posted this in your other thread:
jkonstant is right. Under your logic, working in your best interest, your agent would only take time and expenses for commission. Commissions are completely negotiable and they are not part of the sales process that the agent signs up to represent you on. William Biros is also right that it shows (even if its not ultimately true) that this agency is on the ball enough to get the deal done. I also think its a little unreasonable to expect an agency to give a cut if two different agents in their office do the deal. If your listing agent brought in the buyer so there's only one agent involved then that might be a different story and a cut might be easily negotiated.

The way to renegotiate now is to either refuse to accept the buyers offer unless the agency kicks in a reduced commission - (sounds like you are past that). Or refuse to fix inspection issues unless the agency kicks in.
  • October 04 2009
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Your realtor should have provided you a specific disclosure for this exact scenario.  It is likely that the disclosure was provided in the midst of many other papers that you signed.  If not, the Realtor may have violated some requirement, but at the end of the day, if the price to you was acceptable (and it was, since you accepted it, although it may have been less than you liked) what is the difference?

Why should the realtors get paid less because they work in the same office?  Has the end result to you been diminished?
  • October 04 2009
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