The amount you pay your real estate agent is typically a percentage of the sale price of the property. This is known as the agent’s commission, and it is usually split between the buyer’s agent and the seller’s agent. The exact percentage can vary, but it is typically between 2.5% and 3% for each agent.
In most cases, the seller pays the commission for both agents, although it is ultimately negotiable between the buyer and the seller. The commission is usually paid out of the proceeds of the sale at closing.
It’s important to note that the commission is not set in stone, and it is negotiable between the buyer and the seller. However, it’s also important to consider the value that a good real estate agent can bring to the transaction, including their market knowledge, negotiation skills, and legal expertise. Ultimately, the commission is a fee for the services provided by the real estate agent, and it is up to the buyer and the seller to decide on the appropriate amount.
Born and raised in the Pacific Northwest, I eat, sleep, and breathe real estate. As your agent, I’m attuned to your needs, knowledgeable of market trends and conditions, and dedicated to helping you reach your real estate goals. Buying a home is one of the biggest decisions in life, and it’s my passion to help you find the right home and to be on your side through the entire process.