The real estate agent's commission is generally paid by ____________.

Question

The real estate agent's commission is generally paid by ____________. ​

Quizplus · Accepted Answer

The real estate agent's commission is typically paid by the seller as a percentage of the sale price, usually around 6%. This is negotiated between the seller and the agent before the property is listed for sale. The buyer does not typically pay the agent's commission, although there may be some exceptions in certain circumstances. The mortgage bank also does not pay the agent's commission. The local multiple listing service provider simply provides a platform for listing properties and does not have a direct role in paying the agent's commission.

The Real Estate Agent's Commission Is Generally Paid by ____________