We just put a home in escrow today that was only offering $1 in Realtor’s commission.
It got a lot of Realtors upset as you can imagine, but I explained to them they can put a commission amount on their offer, so they can make more than $1.
The winning offer did just that. The normal commission would have been over $60,000.
The buyer’s agent in this case is not getting that amount, but they are getting a very nice commission.
It is not something I can recommend at this time because of some of the feedback I got from other Realtors, but in this case, the home still went into escrow with a very strong offer.