12 Things Real Estate Agents Would Hate You to Know

4)  Agent’s Commission Negotiable

Many buyers think that an agent’s commission rate is non-negotiable, but this isn’t true. By law, agents commission rates are negotiable. In some parts of the country, the standard rate is 6 percent. In other areas, the rate is typically 5 percent. If you live in an area where the rate is usually 5 percent and your agent asks for 6 percent, you’ll have a good chance of negotiating them down. Be warned, though, if you negotiate the agent down to a very low commission rate, they won’t have as much incentive to work hard for you. Try to find a commission rate that won’t cost you a big chunk of your money. At the same time, it should give your agent incentive to try to sell your house quickly for the best price.