79.4k views
3 votes
Can a listing Salesperson offer to reduce their commission if they have a competing offer and when proper disclosure is made?

a) Yes
b) No

1 Answer

2 votes

Final answer:

A listing salesperson can offer to reduce their commission when facing a competing offer, as long as they provide proper disclosure following real estate laws.

Step-by-step explanation:

In the context of real estate transactions, a listing salesperson may offer to reduce their commission under certain circumstances such as when there is a competing offer on a property. This is permissible provided that proper disclosure is made in accordance with real estate laws and the policies of the salesperson's brokerage. Real estate commissions are typically negotiable between the client and the real estate professional, and they can be adjusted as part of a negotiation strategy to facilitate a sale. However, all parties involved must be informed about the commission change and it must be documented accordingly.

User Noan Cloarec
by
7.3k points