For example, lets assume the property you are interested in buying is listed at 500k.
Then can you commission your real estate agent based on how low he/she can bring the price down with negotiations.
(Since I feel getting the price down actually reduces the agent's commission can we offer a commission from our end to ensure a great negotiation.) Is it legal or illegal?
Yes it is perfectly legal. (Well technically you pay the brokerage, and the brokerage pays the agent)