Typically,the fee is paid by thesellerat the settlement table,where the fee is subtracted from the proceeds of the home sale. 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.
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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;
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.
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 real estate agents make when selling a house?
So 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 commission of 6% would be $30,000. The commission is split between the buyer agent and the seller agent.