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Unlike real estate agents, lawyers are paid on an hourly basis, and therein lies the biggest drawback of hiring a real estate lawyer in the purchase of your home--attorney's fees range from $175-$400 per hour.
How much is real estate commission? Typically, real estate commission is 5%â6% of the homeâs sale price. In most areas the buyerâs agent receives 2.5%â3% in commission and the sellerâs agent receives 2.5%-3% in commission. If you are buying a home, you donât have to pay real estate agent commission; however, you still have to pay closing costs.