The Agent’s Commission

There is typically a commission that is payable to real estate agents who are working for you to sell your home. The amount varies between different areas, and is often negotiable beforehand. When you first go into see a real estate agent and agree to put out a listing with them; you will typically agree on the amount of commission that they will receive.

As a seller, you will want to be aware of the percentage that the agent expects from you, as well as when they expect to get paid. Read the contract carefully, and if you have any questions, you will need to clear them up from the start. When a potential buyer of your property approaches you with an acceptable offer, your estate agent has generally fulfilled their part of the deal and will expect to get paid.

If for any reason at all, you decide not to sell your home, the real estate agent will still expect some money from you. After all, they have worked hard to advertise your property and to show viewers around. If you have any doubts that you may change your mind, then you may not want to sign on with an agent quite yet.