As a home seller, you sign a listing agreement with an agent to represent you for the sale. As with any agreement, you can negotiate the terms, including the commission structure for the listing agent / brokerage [within any applicable laws and regulations where you will be listing].
Of course, some may have (or say they have) standard terms they must use, but that's something anyone can say in any negotiation. Either side can always refuse to budge on terms, and the negotiation may not result in an agreement. All good: you just find another agent who wants your listing.
One thing to note is that, in the current world at least, you probably want to keep pretty standard Buyer Commission terms in your agreement (here in Ontario, Canada this is typically 2.5% of the sale price, paid by the seller). This is to make sure Buyer agents want to send buyers your way just as much as for any other home.
Does that answer your question well enough? Happy to say more if it's useful..
The page even has a way to generate an example clause commission describing the commission structure to insert into a listing agreement (of course, after everyone is satisfied with the language, has had a chance to have a real estate lawyer look at it, etc).
Here's a filled-in example to see what it looks like with some prices filled in:
https://progressivecommission.com/?minPrice=1000000&targetPr...
how are you supposed to set the commission structure on any agent?
As a home seller, you sign a listing agreement with an agent to represent you for the sale. As with any agreement, you can negotiate the terms, including the commission structure for the listing agent / brokerage [within any applicable laws and regulations where you will be listing].
Of course, some may have (or say they have) standard terms they must use, but that's something anyone can say in any negotiation. Either side can always refuse to budge on terms, and the negotiation may not result in an agreement. All good: you just find another agent who wants your listing.
One thing to note is that, in the current world at least, you probably want to keep pretty standard Buyer Commission terms in your agreement (here in Ontario, Canada this is typically 2.5% of the sale price, paid by the seller). This is to make sure Buyer agents want to send buyers your way just as much as for any other home.
Does that answer your question well enough? Happy to say more if it's useful..
The page even has a way to generate an example clause commission describing the commission structure to insert into a listing agreement (of course, after everyone is satisfied with the language, has had a chance to have a real estate lawyer look at it, etc).