Investment properties
Are real estate commissions negotiable in Minneapolis?
Direct Summary (TL;DR)
Yes, completely. Since the 2024 NAR settlement there is no standard commission — you set the rate in a written agreement before you list, and buyer-agent compensation is negotiated separately. Any agent quoting a "standard" rate is describing their fee, not a rule.
I wrote this answer, and I stand behind it. I'm Chris Deutsch, a Minneapolis Realtor (MN #20382264). Twenty-five years of walking these neighborhoods, checking basements, and sitting across kitchen tables from people making exactly this call. I re-check every answer and date it — this one was last verified .
If your situation is more specific than the market, that's the one worth talking through. Email me at chris@lakesarearealty.com.
Transition Lens: generalSource: NAR settlement 2024ID: econ-103