Real estate commission rates can be a huge cost in selling your home. The average real estate commission percentage is 6%. The listing and buyers real estate agent commission split is usually 3% each.
“Real estate commissions are always negotiable, but keep in mind that agents cannot reduce their commission rate without their broker’s permission.You should always negotiate the fee upfront before you sign a Listing Agreement. There isn’t any regulation or law in this matter stipulating how much commission a realtor makes. The commissions can be paid by seller or buyer. The amount of commissions is dictated by traditions in the market and can depend on the location. While the typical commission has been 5-6% over the years and split 50/50 between the listing agent and buyers agent, but you can now find Agents who will list your house for 1% commission sellers Agent and 1-3% commission buyers agent” https://nwrealtymagazine.com/how-much-commission-does-a-realtor-make/