Selling guide
A seller’s guide to understanding real estate agent fees
The whats, whens and hows of paying your agent.
AI summary
Understanding real estate agent fees is crucial for sellers, as there are no standard rates in New Zealand. The Real Estate Authority (REA) requires agents to provide a written cost estimate before you sign an agreement.
Typical costs include:
- An administration fee (around $500)
- Vendor paid advertising (VPA), often paid upfront
- A tiered commission based on the final sale price
Sellers should negotiate commission rates and compare quotes. Commission is usually paid once the property sale goes unconditional.
How much do real estate agents charge in NZ?
You need to understand your payment obligations before signing the agency agreement.
How much commission do real estate agents take?
How does VPA work?
Understand what the agent expects you to pay in terms of vendor paid advertising.
When do you pay a real estate agent?
How much do real estate agents get paid?
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