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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.
Sometimes estate agents agree to a sliding scale of commission, to give them a big incentive to sell the property at a higher price. For example, if you think your home is worth about Â£300,000, you could suggest: 1  1% fee if they sell your home for under Â£275,000.  1.25% if they sell it between Â£275,000 and Â£299,999.