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, expect to pay your agent a commission. The Real Estate Authority (REA) requires agents to provide a cost estimate. Commission structures vary, with tiered percentages (e.g., 3% on the first $400k, 2% on the rest) or flat fees being common.
Experts advise choosing an agent based on skill and trust, not just a low fee. Be prepared for extra Vendor Paid Advertising (VPA) costs for marketing, which are often paid upfront and non-refundable. Always get an itemised VPA breakdown.
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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