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.

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Average Realtor Commission in Washington DC: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Washington, DC and how to save.
Average Realtor Commission in Texas: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Texas and how to save.
Average Realtor Commission in North Carolina: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in North Carolina and how to save.
Average Realtor Commission in Utah: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Utah and how to save.
Average Realtor Commission in Florida: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Florida and how to save.
Average Realtor Commission in Arkansas: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Arkansas and how to save.
Average Realtor Commission in New Jersey: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in New Jersey and how to save.
Average Realtor Commission in Georgia: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Georgia and how to save.
Average Realtor Commission in Hawaii: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Hawaii and how to save.
Average Realtor Commission in Maryland: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Maryland and how to save.