5% to 6%
People also ask
How much are real estate agent fees when selling a house?
The specific amount depends on how much your home sells for, but it’s commonly 6% of the sale price. For example, if the home sells for $500,000, the real estate agent fees of 6% would be $30,000. The fee is split between the buyer agent and the seller agent.
How much Commission does a real estate agent get?
Real estate commission rates are commonly talked about as a single percentage (eg 5%). However, this figure is actually split to cover the cost of both the buyer’s agent commission and the listing agent commission. For example, if the total commission cost is 5%, then each agent would typically get around 2.5%:
How much do real estate brokers make on a house sale?
Principal brokers can get anywhere from 50% to 25% of an agent’s commission on a home sale ?meaning the amount your listing agent earns might be significantly less than you think.
How do real estate agents get paid?
If you hire a real estate agent to help you buy, sell, or rent a house, this professional gets paid through a real estate commission. So how much do you pay, and what for?