who pays real estate agent

Best answer


Sellers

People also ask


  • Who pays the real estate agent fee?

  • The agent fee is typically paid by the seller to the listing broker who, in turn, shares part of it with the agent who brings a buyer to the table, explains Adam Reliantra, a real estate agent in West Toluca Lake, CA. When the sellers set a listing price for the home, they usually take the agent’s commission into account;

  • What does a real estate agent do?

  • Real estate agents work for a real estate broker. All fees paid to a real estate agent must first pass through the broker. Only a real estate broker can pay a real estate commission and sign a listing agreement with a seller.

  • Who pays the buyer agent commission?

  • And while this fee is technically paid by the seller, it factored in to how much sellers list their home for. Since these fees get baked into a home listing price, and you檙e the only one who has to pay money at closing, the buyer’s agent commission gets passed onto you when you buy a home.

  • How much do sellers pay in real estate commissions?

  • Sellers pay real estate commissions, which typically total between 5% to 6% of the sale price. This amount is paid to the listing agent, who then shares roughly half with the buyer agent. Cost: On a $200,000 home, a full-service real estate commission would cost the seller $10,000-$12,000. Each agent would receive $5,000-$6,000.

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