What is the average real estate sales commission?
By Bob Bruss DEAR BOB: I am trying to buy a house for about $400,000. At the moment, I am not working with a realty agent. But the seller has the house listed with an agent for sale. I want to make a purchase offer. So I can make a reasonable offer, what is the average sales commission rate for the listing agent? – Sirisak A. DEAR SIRISAK: As a home buyer, you need not be concerned about the home seller’s sales commission arrangement with the listing agent. Purchase Bob Bruss reports online. However, as a general rule, home sellers signing listings with realty agents agree to pay a sales commission of 6 percent or less. The listing agent might have agreed to accept a discounted commission such as 5 percent or even 4 percent of the sales price. Some “discount brokers” charge fixed-fee commissions, such as $3,000 or $5,000, regardless of the sales price. According to Real Trends, the nationwide average home sales commission is now 5.1 percent of a typical home’s sales price. HOW MUCH PRO
