ah that makes sense thanks just want reading it right the first time. thanks for making it clear.cgreat thread. this is why i will use a realtor.

[This message has been edited by jrod05 (edited 4/25/2014 11:16p).]

For the record - TREC does not regulate commissions, and there is no such thing as a standard commission rate. You can argue a market rate, but there is not a standard rate in our industry.

There is a contract between a Listing Broker and a client which sets an agreed upon commission to be paid to the Broker, and an amount to be offered by the Broker to any Buyers Agents within the formal listing agreement. This can be conditioned on whether they are or are not participants in the local MLS. As many have mentioned, these variables are all 100% negotiable.

The Local Board of Realtors and MLS will regulate any commission disputes between Realtors specifically regarding the situation provided prior in this thread where the Buyer's Agent writes in a larger % than is being offered through the MLS system. That would constiture a breach of the MLS rules, and that agent could be subject to loss of membership from the MLS.

Hey, I know of one agent whose listing clients pay out 6% plus another $600+ marketing fee. Seems like people actually enjoy paying more.

[This message has been edited by Mister mystery guest (edited 4/29/2014 10:38p).]

To each his own.

Had to resurrect this thread. So said "Jackwad" goes to a friend of mine doing a FSBO. Our neighborhood is crazy hot right now so he figures he will throw a sign up for a week or two and see what happens. Jackwad comes to him and said "I have a buyer" he wants the full 6%. Knowing the guy in general he offers him 3%. Jackwad walks. So this is the same guy stiffing buyer's agents on his listings, but is too smug to bring in his buyer for 3%....Still a Jackwad.

A good plan violently executed now is better than a perfect plan executed next week.
-George S Patton

^ (Referring to 'Jackwad')

greedy

having or showing an intense and selfish desire for something, especially wealth or power.

That's what I thought.

A good plan violently executed now is better than a perfect plan executed next week.
-George S Patton