what do estate agents charge

Real estate agents in North Carolina typically charge a commission that is a percentage of the final home price. The average commission rate for listing agents is 2.86%, and for buyers agents, it is 2.74%, resulting in a total commission of 5.60% . However, these rates are negotiable, and its not uncommon to see a listing agent accept anywhere from 4-6.15% commission, with 4.5-5% commission being reasonable if the broker will also be helping the seller buy a home. The commission is usually split evenly between the listing agent and the buyers agent, but this split is not a rule, and its up to the seller to decide the total commission rate and how it will be split between the agents. Its important to note that the commission is paid by the seller and is deducted from the sales proceeds at closing. While the fees for both realtors are negotiable, its crucial to ensure that the rates offered are competitive to incentivize buyers agents to show the property to their clients. Its also worth mentioning that the commission is considered negotiable, but often the real estate company sets the commission rate, and individual agents may not have the ability to negotiate beyond the company policy.