I've never had an issue negotiating my commission. I've reduced my commission many times and I have never asked a buyer to cover the difference when a seller offers less than our agreed compensation.
Recently, I've connected with an investor who has multiple properties to sell, potentially including his personal home valued at over $1.5M. Obviously, a relationship I'd love to build! However, he's made several comments along the lines of, "I don't mean to discount what you do, but I know what it takes to put a listing in the MLS," and has referred to these as gimme listings and easy money.
We all know, if you’re good at this job, it involves MUCH more than putting a listing in the MLS, especially in this market.
I would've had no issue negotiating a reduced commission, but repeated comments minimizing my work have rubbed me the wrong way. It's not about the money as much as the principle. I know the value I bring, and while I'd love to earn his business, I also want to establish mutual respect from the beginning.
How would you confidently approach this conversation without sounding defensive or jeopardizing the relationship? And what commission structures have you found work well for investors with multiple properties?
I'm absolutely open to negotiating, obviously.
Commission is negotiable. I just don't want to feel like I have to defend my worth in order to do so. Or maybe | should feel that way? I did ask what he had in mind commission structure-wise and he would not lock in and give me anything.
ETA: Is this someone you would want to work with? I am just a year and a half into real estate but I have done well considering. I’ve closed 24 transactions since May of last year when most other agents in my area are struggling to keep business going. But nonetheless, I am still new.. and I don’t have that guaranteed steady business. This could be a great client for me. But also I’m finding it’s important to protect my peace and not all money is good money.