how much is real estate commission
Best answer
How much is real estate commission? Typically,real estate commission is5%?% of the home sale price. In most areas,the buyer agent receives 2.5%?% in commission and the seller agent receives 2.5%-3% in commission.
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What is the average real estate commission?
The average real estate commission in the U.S. ranges from 5% to 6% of the home sale price. So if your home sells for $250,000, the commission can range from $12,500 to $15,000.
How does real estate agent commission work in California?
How real estate agent commission works in California There are usually two real estate agents involved in a home sale: The seller’s agent (also called the listing agent), who represents the home seller The buyer’s agent, who represents the person buying the home
How much does a buyer’s agent commission cost?
This translates to $7,094-$9,466 in buyer’s agent commission costs for a home sold for $315,000. These figures represent the national average, though we found that buyer’s agent commission rates varied by 0.88 percentage points depending on which state you live in ?which is a significant cost difference.
What are real estate agent fees?
The listing and buyer’s agents get paid a portion of the home’s price at closing, which is called the real estate agent commission ?they are also referred to as realtor fees. LEARN:More about how realtor fees work.