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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.
If you hire a real estate agent, for example, youâll likely pay 6 percent of the sales price of your home in commission -- $12,000 on a $200,000 home. If you sell mere months after buying your home, you probably wonât have enough equity built up to offset these costs.