28 September 2022

Commission

Most real estate agents make money through commissions, or payments made directly to real estate brokers for services rendered in the sale or purchase of a property. A commission is usually a percentage of the property’s selling price, although it can also be a flat fee.

Real estate commission is generally a percentage of the home’s sale price or can also be a flat fee amount. That commission is usually split between the buyer’s and seller’s agents and is paid by the seller at the time of closing.