what is a realtors commission

A realtors commission is the fee paid to a real estate agent for their services, and it is typically a percentage of the sales price of the home. The commission is paid by the home seller and is split between the buyers agent and the sellers agent. The exact commission rate can vary and is negotiable, but it typically ranges from 5% to 6% of the homes sale price. The national average Realtor commission in 2022 was 5.37%, according to data from Clever, an online real estate agent network. In Pennsylvania, the average commission rate is 5.53% . The commission split between the agents and their brokerages can also vary, but the average real estate commission split between agent and brokerage in Pennsylvania is 6% . The commission covers the services provided by the real estate agent, including marketing the property, negotiating the sale, and handling the paperwork.