During a listing presentation, what is stated regarding the amount of commission to be paid?

The amount of commission is negotiable, which is an important principle in real estate transactions. In Oklahoma, as in many other states, commission rates are not set by law and can vary based on the specifics of the agreement between the seller and their agent. This means that during a listing presentation, the agent should clearly communicate to the seller that they can discuss and agree on a commission rate that reflects the service expected and the competitive nature of the market.

While some agents or brokerages may suggest or have standard commission rates, sellers have the right to negotiate these rates based on their unique circumstances and the agent's proposed services. This flexibility allows sellers to potentially lower their costs or find an arrangement that works for both parties involved in the sale of the property. Understanding this concept is vital for real estate professionals when discussing commissions with potential clients.