I have been told that other agents sometimes ask for more commission than is being offered on MLS® with an offer. Can you respond to this?
When a buyer makes an offer on your property, usually, everything is negotiable. The buyer can ask for anything – for all of your furniture, the car in your driveway, everything.
Similarly, a buyer’s agent, with the consent of the buyer, can include in the offer, a request for additional commission. Richard does not see this request all of the time, as many buyer’s agents simply accept the commission amount that is offered. However, if you do get the request in the offer, as the Seller, you will decide what you wish to do with such a request – it is 100% your choice. The majority of Richard's Sellers decline to pay such requests and almost of all those offers still proceed normally. That being said, some of Richard's Sellers decide to pay some or all of the requested commission increase – usually if the seller is very happy with the offer as it was presented. Even in those situations, Sellers still save many thousands of dollars on the listing side of the commission versus the more typical listing commission rates. The bottom line is that you will always save.
As with everything else involved in the sale, if you do see this request in the offer, Richard will guide you through your options to make sure you get the best possible outcome.