California E&S Insurance

Is a 1%–1.5% tiered commission structure reasonable for a listing agent? My wife and I are selling our home in Southern California this spring. We bought it in 2022 for just under $1M, the house is updated, and we expect it to sell fairly quickly. We plan to list in early April and move by early June. The realtor we would prefer to use helped several of our family members buy homes and then helped us purchase ours in 2022. We had a great experience, but we are also open to interviewing other agents if needed. We are trying to avoid the default 3% listing fee and are interested in a performance-based structure. We are considering something simple and percentage-based: If sale price ≤ target price (ex: $1,000,000): Commission = 1.0–1.5% If sale price is $1,000,001–$1,025,000: Commission = 2.0% If sale price ≥ $1,025,001: Commission = 2.5% On the buyer side, we are debating what is actually competitive: Is 1.5% too low? Is 2% the realistic minimum to keep strong showing activity? Main questions: Is starting at 1% too aggressive? Is 1.5% a better base? Would you accept a tiered structure like this as a listing agent? Does anything below 2% for the buyer’s agent hurt exposure?

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  "score": 0,
  "title": "Is a 1%–1.5% tiered commission structure reasonable for a listing agent?",
  "subreddit": "RealEstate",
  "num_comments": 12,
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