Personally I advise sellers to consider advertising a competitive commission for the selling agent, (buyers agent). We sit down TOGETHER and I pull up all of the comps in that area, be it complex, subdivision or zip code, and we break down the co-op commission. In every case we DO NOT find a correlation between the HIGHEST commission paid to the selling agent, and the number of sold properties. We always do find that the combination of price, and quality of the listing is what sells the home. So in a given situation of say 25 homes, if the breakdown is 13 have 2.5%, 11 of them have 3% and 2 of them have 3.5% AND the home is good condition then I will recommend the 2.5%. Other agents may disagree with this but in my studies I have found that the raw data does not back up the bias.
Have your agent give you this breakdown. That may help.
*******
I am a bit puzzled by your description. So when did you sign the listing agreement? When you signed didn’t your agent give you a timeline of events? Like when the pictures would be ordered, the sign installed, the flyers done etc? Also I am confused about your commission structure. On the Residential listing agreement there are 2 sections where the commission is discussed. The first section is for the compensation to the listing agent. So what was the commission specified here? Was it 3%? Then later down on the page is where the selling agent coop commission is specified. What did you specify in this section?
I will tell you this… For an agent to play with the commission after you have signed the listing agreement is very unprofessional.
Sounds like you are paying for “full service” and you are not really getting the full service treatment.
