How Real Estate Commissions Work: A Complete Guide for Homebuyers and Sellers
Introduction The sections that follow will delve into the inner workings of real estate commissions, one of the most common questions when buying or selling a home, to help you make informed decisions-whether you are a first-time homebuyer, an experienced seller, or are simply interested in how homes are transacted. Below, we will break down everything you might want to know about real estate commissions, including some examples to help illustrate the main concepts and some actionable tips that will help you understand the financial part of your real estate journey. Don’t wait! Elevate your investment game today by grabbing your copy of Best Real Estate Investment Books What is a Real Estate Commission? A real estate commission refers to the amount given to realtors for their assistance in selling or buying a particular property. Commission, as a rule, is usually charged as a percentage of the sales price of the home. It is then split between the buyer's agent and seller's ...