What is standard commission on selling a house?

The average real estate commission in the U.S. ranges from 5% to 6% of the home’s sale price. So if your home sells for $250,000, the commission can range from $12,500 to $15,000.

How much is the Commission for a realtor?

How much is the commission for a Realtor®? The real estate agent commission is a percentage of the sale price. So the specific amount depends on how much your home sells for and varies by agent, but it’s commonly around 6% of the sale price.

How much do real estate agents make on the sale of a home?

Typically, real estate commission is 5%–6% of the home’s sale price. In most areas, the buyer’s agent receives 2.5%–3% in commission and the seller’s agent receives 2.5%-3% in commission. This can vary by agent and location. Who pays the commission?

Do you get commission when you sell your home?

It’s no secret that the real estate agent commission cuts the biggest slice out of your take-home cash when you sell your home.

What’s the average real estate agent fee in California?

Average California Real Estate Agent Commission Rate. The average real estate commission rate in California is approximately 6% of the final sale price of a home. This fee is typically split down the middle between the listing and buyer’s agents who handle the transaction.

What is the standard realtor Commission for selling a home?

Typically, real estate commission is 5%-6% of the home’s sale price. In most areas, the buyer’s agent receives 2.5%-3% in commission and the seller’s agent receives 2.5%-3% in commission. Who pays the commission? If you are buying a home, you don’t have to pay real estate agent commission; however, you still have to pay closing costs.

What Commission should I pay to sell my house?

Typically, you can expect to pay around 5 to 7 percent commission on the sale of your home assuming you hire a real estate salesperson to perform all the standard sales duties in selling your home.

What is the average Commission on a house sale?

The average realtor commission is around 6% on the sale price of a house. But the way it typically works is that 6% is split evenly between the buyer’s agent and the seller’s agent.

What are the costs associated with selling a home?

The average homeowner spends $18,342 in extra or “hidden” costs associated with selling a home. The biggest “hidden” expenses are closing costs, which total $13,357 for the median-valued U.S. home.