Understanding Real Estate Fees: Who Pays the Commission?

Real estate agents earn commissions, typically around 5.7%, based on the home's sale price, usually paid by the seller but often factored into the listing price, indirectly costing the buyer. Commissions are split between brokers and agents and are negotiable. Flat-fee or discount agents offer lower costs but may provide limited services. Closing costs vary, with buyers and sellers paying different fees depending on the transaction.