More Complete Seller Wrote:
-------------------------------------------------------
> To Seller:
>
> The total commission is almost always 5 to 6
> percent.
WRONG. Maybe before rebates.
The listing agent is responsible for
> paying the buying agent's 3 percent commission.
IN VIRGINIA THAT IS NEGOTIABLE BY LAW. A listing agent who pays 3% to a buyer's agent might earn a free dinner, but they are throwing away money.
> So typically the listing agent gets 3% and the buying
> agent gets 3% = 6%. If the listing agent does the
> work for 5% then the buying agent gets 3% and the
> listing agent gets 2%. Now there are times that a
> listing agent will do the work for 4%, buying
> agent 3 % listing agent 1%, if you agree to
> purchase a home in the area. This would result in
> the listing agent becoming the buying agent and
> therefore getting 3% on the other sale. Does this
> make sense to you?
ONLY IF THE HOUSE SELLS FOR $200,000 OR LESS. Above that, no way.
If you are looking for listings or buyers, try here:
http://www.hungryagents.com/
http://www.i-agent.com/
http://www.redfin.com/real-estate-agents/virginia/fairfax