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Broker's Commission

A percentage of the sale paid to a real estate agent (usually by the seller) for their service in connection with the sale of a property.
 

 
 

 

 
 

Commission rates for real estate brokerage firms average around 6% of the gross sales price of the property. However, more and more brokers are willing to negotiate that percentage in order to get your listing. With the median U.S. price for an existing home around $200,000, if you pay your agent 6% that is $12,000 and if you are in a hot market where properties are moving rapidly you will find agents willing to negotiate commission rates.

 
 
 
 
       

 

 

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