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.

Illinois

Average Realtor Commission in Illinois: Updated for 2025
Learn what you can expect to pay in real estate commission when selling a home in Illinois and how to save.
9 Steps to Selling a House in Illinois
In this guide, we’ll cover the process of selling a house in Illinois, along with some house selling tips.
Sell Your House Without a Realtor in Illinois
Crack the code for selling a house without a realtor in Illinois. We'll show you the steps you need to take and reveal the risks, including why you probably won't save as much money as you think.

Illinois

Average Realtor Commission in Illinois: Updated for 2025

9 Steps to Selling a House in Illinois

Sell Your House Without a Realtor in Illinois