Call (253) 999-2371 Paul Chunyk is a Realtor in Tacoma, WA. See our new homes for sale in Tacoma, Washington, and all of Pierce County. Search the Tacoma Real Estate Market - condos, mansions, luxury homes, and more

Explanation of the Real Estate Commission

As you look to buy and sell a home, there are certain real estate terms and titles that are essential to understand. The more information you know, the better equipped you will be to make sure that you are not misunderstood or misrepresented. One of these aspects in hiring a real estate agent is the real estate commission. This term is especially important for people seeking to sell a home. The commission is the fee required for the service of a real estate agent.

The agent typically has a fee already established, but the seller can negotiate the terms set up. The fee should never be negotiated until the seller understands what specifically he or she is going to need from the agent. The buyers should not be involved in determining the commission. The seller and broker determine the fee. They will negotiate the specifics of the commission, including potentially setting up a commission that changes depending on the buyer.

There are three different types of fees, for a full serviced agent, fee-based agent, and flat-fee agent. The more you request from the agent, the more expensive the fee will be. If you want the agent to have a high level of expertise, including a full fledge team of assistants and a thorough marketing plan, then it will cost more.

In comparison, a real estate agent who only puts the home on the MLS and leaves the rest of the home selling process up to you will cost less.

Real estate commissions in San Diego vary, but for the best real estate agents, the commission will be about 5 to 6 percent of the total price of the home. This is the best route to go if you are looking to have more of a hands off experience in selling your home.

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