Selling guide
Paying agent commissions
A real estate agent earns their keep through commissions rather than a fixed fee.
AI summary
When selling your home, agent commission is a key cost, typically a tiered percentage of the sale price. The Real Estate Authority (REA) requires agents to provide an upfront cost estimate in your agency agreement.
Experts advise choosing an agent on skill, not just a low rate. Be prepared for extra costs like Vendor Paid Advertising (VPA) for marketing, which is often non-refundable. Always get an itemised breakdown of all fees before signing an agreement.
How much commission do real estate agents take?
Different agencies have different approaches to agent commission.
You get what you pay for
Commission won't be the only cost
Make sure you understand the additional costs on top of commisison.
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