Real Estate Agent Commissions and Fees: How They Work and How To Pay Less

July 19th, 2012 by Marc

WaLaw's Seller Commission Savings and Buyer Agent Commission Rebate

Seller Commission Savings and Buyer Agent Commission Rebate: Click to see the full infographic

Real estate agents have been charging a commission for a long time. This post will explain the process by which real estate agents get paid a commission, and what you can do to reduce that commission — and thus your costs — if you are thinking of buying or selling a home.

Real Estate Agent Commissions are Paid by the Seller

When a seller decides to sell her house, she signs a “listing agreement” with a real estate broker (commonly known as a real estate agent or realtor).  (more…)