What are the pros and cons of hiring a real estate agent?
How much percent does a real estate agent get?
The commission percentage that a real estate agent receives can vary and is typically negotiable. However, there are some common practices in the industry. In the United States, for example, the standard real estate commission is often around 5% to 6% of the final sale price of the property.
Here’s a breakdown of how the commission is typically distributed:
- Listing Agent’s Commission: The total commission is usually split between the listing agent (the agent representing the seller) and the buyer’s agent. For example, if the total commission is 6%, the listing agent might receive 3% of the sale price.
- Buyer’s Agent’s Commission: The remaining percentage goes to the buyer’s agent. In the example above, the buyer’s agent would also receive 3% of the sale price.
It’s important to note that these percentages are not fixed, and they can vary based on local market conditions, the specifics of the listing agreement, and negotiations between the seller and the listing agent. Additionally, some agents may offer discounted commission rates or alternative fee structures, especially in competitive markets or for high-value properties.
The commission is typically paid by the seller, and it’s deducted from the proceeds of the sale at closing. The specific terms of the commission are outlined in the listing agreement between the seller and the real estate agent. It’s recommended to discuss and negotiate the commission structure with the agent before entering into a listing agreement.
Are you ready to take the next step to buy(or sale) your home and start building a legacy for your family?…Let me help you!
“Your Dream Home is my Mission”. I am a Brazilian Licensed Realtor at Re-Connect, LLC with 18+ years of experience in the Real Estate industry. I speaks 3 languages (Portuguese, English, Spanish). Let me join your journey in the Real Estate Industry, and receive my assistance above and beyond to accomplish your DREAM!
CALL NOW: (617) 201-9188 Ana Roque | 100 Grove St. Suite 210 Worcester MA 01605