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On average, the fee can range anywhere from 4% to 6% of the home value, but the industry standard is 6%, which is split 50/50 with the buyerâs and sellerâs agent. So for example, a homeowner that sells a home for $200,000 would have to pay up to $12,000 in real estate agent fees if they were to pay the full 6%. This fee wonât be paid until you reach escrow and the sale is finalized. Once finalized, the funds will automatically be transferred to the brokerage at closing.
Who Pays Real Estate Agents? The home seller typically pays the commission fee & thus should factor it into their asking price. In some hot markets buyers may agree to pay some portion of the commission. International Real Estate Commissions. In the United States real estate agents make about $75 billion per year in commission payments. A number of tech-enabled startups like Redfin aim to make the market more efficient by lower commissions.