Real estate commissions can be negotiated, but they typically range between 5 and 6 percent of the sale price of a home. The exact terms of an agent's commission vary from sale to sale and may depend on the region and the company you work for. Wondering what percentage real estate agents get? The average real estate commission is usually 5% to 6%, but who pays it? Learn how real estate agent commissions work. That said, our data showed that most real estate agents expect between 5.06% and 6.48%, with a state average of 5.76%.
Most of the time, in most places, real estate agents representing the buyer and seller will charge a total commission of 6 percent and divide it equally, each charging three percent of the total sale of the home. By offering a competitive buyer agent commission, you encourage real estate agents to show your home to their clients. If you're working on a tight budget, some brokers may offer a flat rate or an “a la carte” pricing model instead of the traditional percentage model. For sellers, realtors can sell homes for more money and faster than if landlords tried to sell the house on their own.
The average homebuyer now sees 10 homes before finding “the one”, and behind the scenes, their real estate agent is researching these homes, contacting the sales agent and evaluating. The organization believes that the high quality of service provided by its members justifies the full commission and constitutes its value, emphasizing that real estate agents possess exclusive agent resources, such as proprietary tools and industry relationships that provide value. In some cases, those who sell more homes each year are allowed to keep a higher percentage of their commissions. Although between 5% and 6% is the average commission for real estate agents, a Real Trends survey found that the percentage of actual commission can vary by state and housing market.
Often, the best way to save on real estate agent fees in Georgia is to sell with a discounted real estate agent that offers full service at lower rates. Knowing the standard commission rate in your area can help you avoid overpaying for a real estate agent and accurately estimate costs when you sell your home. Some agents may be willing to reduce a fraction of a percentage point if they get the seller to sign their contract. Under a traditional commission model, real estate agents will split six percent of the total commission as profits from the sale of the home.
By linking home sellers directly to real estate agents, Clever can reduce the cost of acquiring customers and negotiate lower rates from real estate agents. However, many agents may resist the idea of lowering their typical real estate agent fee. While commissions are negotiable, the National Association of Realtors strongly recommends that its members not accept a commission of less than five percent.
