All Commissions are negotiable between me and my clients. Neither of us dictates to one another in that regard. After experimenting over the last two plus years, I have come up with a loose schedule of fees that seems to work most times for me and my clients.
We reach a good understanding of what is likely to be involved, how much they want to participate in the process on their own, and then we agree on a commission. That is true for both buyer clients and seller clients. Communication is always open and a two way street and renegotiation is always an option as long as all parties agree.
For instance the commission for an attorney real estate client should not be the same as for someone who needs a lot of support on the contract and escrow side of things. The commission for someone who is buying for over a million dollars should not be substantially more than someone who is buying a $500,000 home. Striking a fair bargain that is a good fit for all parties is what we do for a living, and it starts at commission issues.
My favorite clients are those who like to participate in their own fate, and who do a large portion of the searching and narrowing down to area and property on their own. Not all of my clients use the internet, but clearly most do. Many of my clients are Microsoft employees who work in Redmond aka Bellevue where my office is. Some are Google employees who work in Kirkland where I live.
The majority of my transactions involve hundreds, even thousands of emails and very little contact by phone. In person and by phone is on an "only when needed" basis. I like to meet my clients up front, in a property or two or three of my choosing if possible, vs. in the office. The first step is to meet in person as soon as possible, so we can "choose" one another...or not. That is true for both seller clients and buyer clients. Many of my clients have busy lives and I don't want to waste their time in any way, shape or form. Rarely do I use written agreements for buyer clients, it is their choice not mine. I don't need one and they generally don't like to sign them. So our relationship is most often based on mutual trust.
This Active Rain platform does not permit discussions regarding commission, so that is all I have to say here or on this "blog".
Visit me at www.RainCityGuide.com/author/ARDELL
or at my blog where I have more freedoms to discuss commission issues at:
www.SearchingSeattleBlog.com
I have experimented much with various commission options with much success for me and my clients. Testing and tweaking various commission models has been fun and exciting and I dare say I offer more options to consumers than most agents when it comes to commission issues.