Acceptable Commission for building lot?

1 Reply

I'd like to some feedback from agents about their view on the buyer's agent compensation. Do you concentrate on the "percentage" offered or do you pay more attention to the actual "dollar amount"?

If you see "$50,000" as the compensation listed on the MSL for selling a vacant building lot would you ignore it if it was less than 3%? What if it was less than 2%? Would you mention this lot to your client, if it was a truly unique property that didn't offer the "standard" percentage you normally would receive as the buyer's agent for a home?

Would you forget the percentage rate and still consider it a "good day's pay"?

As a Realtor you owe it to your client to hold their interests above your own (fiduciary duty). If the lot works with their interests it does not matter what the compensation is.