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Feb 23, 2023 · An individual real estate agent usually makes between 2–3% commission per home sale, which means you’ll pay a combined total of 4–6% total commission on the sale of your home. That translates to $10,000–15,000 in real estate commission per agent on a $500,000 home sale. If a real estate agent represents both the buyer and the seller of ...
- Cara Haynes
Jun 11, 2024 · A real estate commission is a fee paid to real estate agents for their services during the sale of a property. This fee is typically a percentage of the property's sale price. In the United States, the commission rate has historically hovered around 6%, commonly divided equally between the buyer's and seller's agents.
Jun 22, 2023 · The cost of a listing fee can vary considerably, typically ranging from 2.5%–3% of the final sale price of your property. For instance, if you’re selling a home for $400,000 with a listing fee of 3%, you could expect to pay $12,000 in listing fees. However, these fees represent the fee paid to the listing agent.
- Richard Haddad
Aug 22, 2023 · Our real estate commission calculator uses a simple formula. It takes the commission rate, divides it by 100 and then multiplies it by the home sale price: ... Use a flat-fee real estate agent ...
- Kelli Pate
The meaning of circa in real estate signifies an estimate, an educated guess, or a rough assessment of a home’s specific feature. As we previously mentioned, circa does not describe a piece of precise and accurate information. For this reason, participants in a transaction shouldn’t use it when referring to essential, concrete, and ...
Jan 31, 2023 · Buyer’s and seller’s agents typically split the commission. So if a home sells for $200,000 at a 6% commission, the seller’s agent and buyer’s agent might split that $12,000, and each ...
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What is a real estate commission rate?
The real estate market in California is one of the most active in the country. With properties in some of the highest price ranges, the real estate commission in California ranges from 4% to 7% for properties less than $1 Million in value and from 4% to 6% for higher-valued properties. The overall standard commission is 6%.
