by Teryn Bonime www.teryndowntheroad.com
When a listing agent procures a buyer for his or her listing there is sometimes an agreement with the seller to pay a different commission. Often this is a reduced amount of commission (e.g., 7% to 6%).
The reason for this is because the listing agent would be representing both the seller and the buyer and would not split the commission with a buyer’s agent (i.e., the listing agent keeps the entire commission).