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. In New Zealand, there's no standard charge, so get written cost estimates before signing an agency agreement, as required by the Real Estate Authority (REA).
Costs typically include an administration fee, vendor paid advertising (VPA), and a tiered commission based on the final sale price. Commission rates are often negotiable, so it pays to compare different agencies.
Payment of the commission is usually due when 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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