Real estate commissions

Real estate commissions are fees paid to agents or brokers for helping to buy or sell a property. Typically, this fee is a percentage of the sale price, commonly around 5-6%. The commission is usually split between the seller’s agent and the buyer’s agent. This fee covers services like marketing the property, negotiating offers, and guiding clients through the transaction. The seller usually pays the commission from the sale proceeds, but how it’s divided and who pays can vary. Overall, commissions are a standard way to compensate real estate professionals for their expertise and efforts in closing a deal.