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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.
In just about every case, it's the seller who pays the commission. So if you sell a house for $200,000 and your agent charges a 6 percent commission, you'll have to fork over $12,000 worth of the sale price. Typically, the seller's agent and the buyer's agent split the commission 50-50, so in this case each agent would get $6,000. This split is negotiable, though.