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 in NZ, expect to pay your real estate agent a commission. The Real Estate Authority (REA) requires agents to provide a cost estimate, which is often a tiered percentage of the sale price (e.g., 3% on the first $400k, 2% on the rest).
Experts advise choosing an agent based on skill and trust, not just a low fee. Be prepared for additional costs like Vendor Paid Advertising (VPA) for marketing, which are usually paid upfront.
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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