Commission for the seller agent - new supreme court rule

[Alberto Cioni]

Hello

I am in the process to sell my investment rental house in Los Angeles. Now the rules have changed. I think and I am not require to pay a 3% commission to the buyer agent. 

I read that I should negotiate only the commission for our sale agent, our trustable real estate agent. For example I contacted Redfin and they are asking only for a 1.5% commission as a sale agent. 

Then the buyer agent with deal with the buyer for his commission.

Is this is correct? What is your experience?

Alberto, Landlord, Los Angeles

[Abel Curiel]

Quote from @Alberto Cioni:

Hello

I am in the process to sell my investment rental house in Los Angeles. Now the rules have changed. I think and I am not require to pay a 3% commission to the buyer agent. 

I read that I should negotiate only the commission for our sale agent, our trustable real estate agent. For example I contacted Redfin and they are asking only for a 1.5% commission as a sale agent. 

Then the buyer agent with deal with the buyer for his commission.

Is this is correct? What is your experience?

Alberto, Landlord, Los Angeles

 Hello Alberto,

You are correct. All commissions are negotiable. You will first negotiate and agree upon a commission to be paid to your listing agent I.e. 1.5% to redfin 

The buyer's agents who submit offers will likely include their commission in the offer. This commission is also negotiable.

If you'd prefer, you can ask buyers and agents to submit offers with a net sale price (excluding commission).

Either way, the final closing disclosure (CD) will show both agent's commissions.

All the best to you on your sale!

Abel