Seller's Agent Commission: $2MM LA Home

[Jim Cichello]

I'm getting ready to list a $2MM+ home in the Los Angeles area and wanted to see what kind of Seller's Agent Commission folks have been able to negotiate? 

I know standard market rate is 2.5% to my (sellers) Agent which would come to $50k (and of course I need to pay the buyer's agent separately). 

I have a hard time paying that much to the Seller's agent representing me knowing the condo I previously sold for $400k was a $10k Commission to my Agent, and this sale will be less work since there's no open house or sprucing up required. What type of flat fee or lower % commission have people been able to negotiate in the LA market for $2MM+ sales? I don't want to offend any of the Realtors I talk to regarding their fees and services, but I'm also just looking at this from a reasonable perspective and of course with the goal of maximizing the $ left in my pocket at closing.

Also, I would most likely plan to have a broker represent me (rather than agent working for broker) and there are pretty good comps, so I'm not too worried about mispricing/leaving much money on the table by not choosing "the best agent". 

Thanks for your input!

[Mark H. Porter]

I negotiate everything.  The realtors are not your buddies or friends, they provide a service.  The value of that service is determined by you, not them.