Who pays for realtor commission?

Each party, the buyer and seller, is contractually responsible for paying their own agent commission . However, it's common practice for sellers to cover both their own agent's fee and that of the buyer's agent. This arrangement helps buyers, as they don't have to factor agent costs into their expenses when they're already saving for their down payment.

Is commission included in closing costs?

Although real estate agent commissions are due when the transaction completes, they aren't categorized as closing costs. Instead, closing costs specifically refers to the various fees and charges collected at settlement, such as property transfer taxes, title insurance, and administrative expenses.

Dual agency is when a single agent represents both the buyer and the seller for the same real estate deal. This can lead to a conflict of interest. Dual agency is illegal in eight states: Alaska, Colorado, Florida, Kansas, Oklahoma, Texas, Vermont, and Wyoming.

What is an exclusive right to sell agreement?

The most common type of agent contract is known as an exclusive right to sell listing agreement. This contract states the seller agrees to work with only one agent, who gets paid when the home sells, even if the agent doesn't bring in the buyer.

Archives

Average Realtor Commission in Indiana: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Indiana is 5.70%, which is higher than the national average of 5.57%.
Average Realtor Commission in Illinois: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Illinois is 5.56%, which is about equal to the national average of 5.57%.
Average Realtor Commission in Idaho: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Idaho is 5.61%, which is higher than the national average of 5.57%.
Average Realtor Commission in Hawaii: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Hawaii is 5.03%, which is less than the national average of 5.57%.
Average Realtor Commission in Georgia: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Georgia is 5.67%, which is higher than the national average of 5.57%.
Average Realtor Commission in Florida: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Florida is 5.59%, which is about equal to the national average of 5.57%.
Average Realtor Commission in Delaware: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Delaware is 5.65%, which is higher than the national average of 5.57%.
Average Realtor Commission in Connecticut: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Connecticut is 5.00%, which is less than the national average of 5.57%.
Average Realtor Commission in Colorado: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in Colorado is 5.65%, which is higher than the national average of 5.57%.
Average Realtor Commission in California: Updated for 2026
A September 2025 survey of local real estate agents revealed the average real estate commission in California is 5.03%, which is less than the national average of 5.57%.