If i list a house for 400k and it sells for 380k or 400k then the agent gets a flat fee? Say $2,000.
If i list a house for 400k and it sells for 500k then the agent gets the flat fee plus a tiered %. Flat fee plus tiered bonus together are capped at 2.5%?
How does it come into effect from a buying stand point? Right now it's 2.5% for seller and 2.5% for buyer.