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 commissions are a key cost. The Real Estate Authority (REA) requires agents to provide an estimated cost breakdown in your agency agreement.
Commission structures vary, often using a tiered system (e.g., 3% on the first $400k, 2% on the rest) or a flat fee. Remember to budget for separate Vendor Paid Advertising (VPA) costs, which are paid upfront. Experts advise choosing an agent on skill, not just a low fee, for the best sale price.
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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