How Much Do Real Estate Agents Charge?
Posted by Jag Sidhu PREC* on
When you're thinking of buying or selling a home, understanding the costs involved in hiring a real estate agent is essential for budget planning (and peace of mind). Agent fees are typically calculated as a percentage of the home’s sale price—but the exact rate, who pays it, and how it's structured can vary significantly. Here’s a breakdown to help you make informed decisions.
1. How Agent Commissions Are Structured
Most real estate transactions involve a commission-based compensation model. That means the agent earns a percentage of the final sale price. This total commission is typically split between two professionals:
• The listing agent, who represents the seller.
• The buyer's agent, who assists the buyer.
In many cases, the…
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