Real Estate Commission

A real estate commission is a fee paid to real estate agents or brokers for helping to buy or sell a property. Typically a percentage of the sale price, it compensates the agents for their services, including marketing, negotiations, and guidance through the transaction. The commission is usually split between the buyer’s agent and the seller’s agent, and is paid by the seller at closing. This fee incentivizes agents to facilitate a smooth sale, ensuring both parties’ interests are served effectively. Commission rates can vary but are generally negotiated and disclosed upfront.