What are the typical commission rates for real estate agents?
An example of an AI chatbot conversation about agent commission rates in real estate.
What are the typical commission rates for real estate agents?
Typically, real estate agents charge between 5% to 6% of the home's sale price as commission.
Is the commission rate negotiable?
Yes, commission rates are often negotiable, and it's common for agents to discuss this with their clients.
What factors can affect the commission rate?
Factors include the property's location, the agent's experience, and the services provided during the sale.
Are there any additional fees I should be aware of?
Yes, some agents may charge additional fees for marketing or administrative costs, so it's good to ask upfront.
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