who pays the real estate agent

Best answer


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;

  • 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.

    Similar Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *