Wait a minute, am I reading this right? The usual commission is 1.5% of the purchase price? And there is, what, some kind of discount brokerage type thing where you can pay less than half that?

I know that property related things are very different in the U.K. from what they are here in the States. A big difference is the lack of multiple listings. But I can't believe the difference in commissions.

For decades, 6% was the norm here, and it was written in stone except for the most dire markets. Then 10 or 15 years ago, that started rising, but around the same time, the commission became negotiable.

I know there are like For Sale by Owner arrangements that have a flat fee instead of a percentage. But the lowest commission I've ever heard for a true real estate agent is 3%.