So the specific amount depends on how much your home sells for and varies by … While commissions vary depending on location and the type of property for sale, on average, a real estate agent’s commission fee is 5%-6% of the final cost of the home. If you give the property manager a single-family home to manage, or a few units within a building, the rate will be closer to 12 percent. Basic Fees Basic fees are usually 6-12 percent of the rental property’s monthly rent.

An agent’s commission is based on a percentage of the selling price of the property and, therefore when a property is sold at less than the asking price, the agent’s commission is automatically reduced as well. These fees can depend on whether it is a commercial or residential property and the property type (i.e. Geryl LIM CEA Reg R014783H Mobile: +65-81577565 Email: lim.geryl@yahoo.com.sg Most agents charge a 6% commission. As fellow agents have mentioned, the typical agent fees for seller is 2% of the selling price plus GST of the 2%, which is negotiable. If you are the buyer, you don’t pay commissions, but will pay closing costs. apartment, condo, townhouse, etc.).

This is a wide range, but it can be broken down further. Half of that is paid to the seller’s agent and the other half is paid to the buyer’s agent. A good property agent more than deserves his or her commission, but many buyers and sellers are often unsure about how much to pay. The total commission is typically 5%–6%, with half paid to the seller’s agent and half to the buyer’s agent. In most areas, the buyer’s agent receives 2.5%–3% in commission and the seller’s agent receives 2.5%-3% in commission. VAT taxes, also known as consumption taxes, are added onto any product that has a … 3  This is usually split between the sales agent (listing agent) and the buyer's agent. Typically, real estate commission is 5%–6% of the home’s sale price. This is a wide range, but it can be broken down further.

If you are buying a home, you don’t have to pay real estate agent commission; however, you still have to pay closing costs. The home seller pays agent fees for both their agent and the buyer’s agent at closing. So are landlords and tenants. These fees can depend on whether it is a commercial or residential property and the property type (i.e. Typical commission is 6% in which 3% goes to the buyer agent. The real estate agent commission is a percentage of the sale price.

If you have any intention to sell your property, call me for a detailed discussion.