Do real estate commission change with luxury homes or higher priced properties?
Yes, it is pretty common for buyer’s agent commission to be less when the home price is over two million, but not as often as one might think.
- 2.5% was offered 86% of the time.
- 2.25% or under was offered 10 times or 12%.
Real Estate Commissions are Negotiable
It is important to ask your seller’s agent what commission they are offering the buyer’s agent. You can see that over 10% of the time above in downtown Boston they are offering something other than 2.5%. The seller’s agent commission rate and the buyer’s agent commission rate are negotiable.