Another commission post

5 percent is common for this value.

From what I've heard, your friend will likely get push back even at 5%. I know some of the more "corporate" firms will be loathe to go down to even 5% due to "image" and "brand" damage.

With that said, usually folks don't see to complain with a 2.5% cobroke. So it really depends on who the firm is and what the managing broker is feeling like that day.

Different commissions for different sale prices, it's legal but very rare. A lot of firms will push back on the complexity. Plus, no easy way for most firms to enter that kind of commission structure in RLS.

You can list that the buyer pays flip tax, or will split it, as long as your building allows it. Up to you.

I would recommend checking out this article on the negotiability of commission in NYC: https://www.hauseit.com/real-estate-agent-commissions-negotiable-nyc/

Good luck to you!

You will find no resistance from most agents and I'll assume the agent that helped with four transactions will not hesitate to take this at 5%.

Keith Burkhardt
TBG

Thanks, all!
The agent that did 4 was the sellers agent when I bought it. Smaller firm.

My agent, who I have worked with for you years from one of the larger firms here in the city accepted 5%. I was very appreciative of that!

I guess I will look into my bylaws for info on the flip tax?

Thank you all for your input and fingers crossed I can sell my home successfully this spring/summer

Different % commissions for different $ sales prices is the rule in commercial real estate but residential brokerage houses consider it a slippery slope to avoid as much as possible.

JR1, I have often wondered if coops can require only one party to pay the flip tax. Why would they care? If seller pays, does a higher recorded sales price look better for the building?
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Some co-ops do indeed have it written into their by-laws, though they're deeply in the minority.