Topics

Real Estate Sellers
Several options are available for paying real estate commissions
Several options are available for paying real estate commissions

As a home buyer or seller, do you really understand real estate commissions? Do you know how much a real estate agent who lists a house for sale typically gets? Equally important, how much the agent who brings you in as a buyer gets paid — in other words, how the total commission pie gets sliced up? You may have heard that the "standard" commission is 6%, split between the listing agent and the selling agent who represents the buyer. A portion of the agents' splits then goes to the brokerage under whose banner they work. But 6% isn't the real number. The average commission rate nationwide on home sale transactions hasn't been 6% since 1992, when it was...

Loading