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by refurb 4985 days ago
My understanding is that one the big $ houses, $1M+, they don't typically go with a 6% fee, but rather have a "6% on the first $500K, then 1% thereafter".

It makes sense if you think about it, in San Francisco, many neighborhoods have 80% of the houses priced close to $2M (i.e. these are not atypical homes). If everyone stuck to the 6%, then agents would be getting $60K for each house sold (I know they give up some of that to the brand they work for).

1 comments

Yeah, that makes a lot of sense. I did sell one in the LA area and got them to go 5%. I hope what you describe is more common now.