Absolutely. The EA will definitely recommend a price cut. Consider the math
Agent is on 1.5% commission.
Property sells for 500k. Agent gets 7,500.
Property sells for 475k. Agent still gets 7,125. He is only down 375 quid. As the seller though you're down 25 grand...
This.
Always have a graded commission schedule with your EA
@NotThamesWater started
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Absolutely. The EA will definitely recommend a price cut. Consider the math
Agent is on 1.5% commission.
Property sells for 500k. Agent gets 7,500.
Property sells for 475k. Agent still gets 7,125. He is only down 375 quid. As the seller though you're down 25 grand...