What are the commission rates for real estate agents in different states?
An example of an AI chatbot conversation about commission rates in various states.
What are the commission rates for real estate agents in different states?
Commission rates for real estate agents can vary significantly by state. Generally, they range from 4% to 6% of the sale price.
Can you give me specific examples for a few states?
Sure! For example, in California, the average commission rate is around 5.0%, while in Texas, it's about 6.0%.
Are there any states with lower commission rates?
Yes, states like Florida and New York often have lower average commission rates, sometimes around 4.5%.
How do these rates affect home buyers and sellers?
Higher commission rates can increase the overall cost of buying or selling a home, impacting affordability and profit.
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