How Do You Pay Your Realtor

Realtors get paid on a commission basis, usually 5 to 6 percent of a home’s sales price, which is split between the listing broker and buyer’s agent. Fees typically come out of the sellers’ proceeds while buyers generally pay nothing to the agent who represents them.

Do I pay my Realtor directly?

Generally, buyers don’t pay realtors directly. Instead, their compensation comes in the form of a commission on the property’s final sale price. Commissions for both the buyer’s and seller’s agents are taken off the top of the proceeds of the sale.

How do I pay my estate agent?

Go with an online estate agent and part or all of their fees are due upfront. With high street agents, payment is due when contracts exchange. The estate agent submits their invoice to your solicitor, make sure you check if the fee is correct. But you don’t actually pay until the sale completes.