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Elizabeth Weintraub

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By Elizabeth Weintraub, About.com Guide to Home Buying / Selling

How to Negotiate Real Estate Commissions

Monday July 24, 2006
Real estate commissions are negotiable. But what does that mean, exactly? How can you ask an agent to charge less, to reduce her fee? And why would an agent agree to do so? These are reasonable questions that confuse sellers. Many outside the real estate profession don't truly understand how commissions work or how real estate agents earn a living. You can't successfully negotiate if you don't understand the inner workings. Then, there are those who simply believe that real estate agents make too much money anyway so they should give some of it back. Which is not a strong argument and not likely to entice an agent to discount her paycheck. There are better ways to go about it, and here are a few workable strategies on how to logically and equitably negotiate real estate commissions. Remember, any Joe off the street can hire a discounter at cheap prices. Because the best that you can hope for is to hire an experienced full-service real estate agent at a discounted price.

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