Real estate commissions vary widely and are negotiable between buyers and sellers. While it is common for sellers to pay both agents' commissions, buyers may bear this cost if the seller opts out. The article breaks down how commission rates like 5%, 3%, and 1.5% correlate with various home sale prices. Importantly, despite the possibility of negotiating lower commissions, buyers and sellers should consider the overall marketing value an agent provides, as a lower fee could impact the marketing budget.
Real estate commissions are widely negotiable, allowing both buyers and sellers the flexibility to structure payments differently depending on individual sale circumstances.
Commission rates in the U.S. are not set by law, offering agents the ability to negotiate their fees, particularly for dual agency transactions.
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