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Real Estate Agent Fees And Realtor Commissions
Realtors usually get paid via commission, which is a percentage of the home's sale price. Here's how real estate commissions work.
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How do Realtors get paid?
How do Realtors get paid? Bankrate 1/26/2021 © Andresr/Getty Images Realtor helping a couple buy a home Home sellers might have the sense that real estate agents charge an exorbitant fee for their services. In fact, Realtor fees can vary depending on what part of the country you re in and what type of home you re selling. To better understand real estate commissions, here s an overview of Realtor fees and how Realtors are paid. How do Realtors get paid? Realtors are typically paid by the home seller, explains Patrick Duffy, who runs his eponymous brokerage firm Duffy Realty in Miami. After interviewing a few agents, home sellers sign a listing agreement with one in which they agree to pay a commission fee, which can be negotiated, but is typically about 5 percent to 6 percent of the sales price.
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