I drop my selling price to 191K from my 196K and the buyer submits a 190K with both agents agreeing to kick in 500 dollars less on their commission.
The way I see it they are not dropping the commission from 6% to 5% and I stand to lose an additional 900 dollars in the deal, what do you think? The drop of 1% commission is $1900 dollars and some change.
This is not a homework question as I have been out of school 65 years. LOL