How Real Estate Agents Get Paid

Oct 27, 2022 | Real Estate

How Real Estate Agents Get Paid

Most people understand that when they sell their home with the help of an agent, they pay their agent a percentage of the sale price at closing. 

But when people are buying a home, sometimes they don’t understand how their agent gets paid.

If the listing is in the MLS, the listing agent usually pays the buying agent half of the total commission at closing. In this case, the buyers aren’t directly paying their agent.

If the listing is for sale by owner, the buying agent needs to sign a commission agreement with the seller in order to obtain compensation.

If you have any questions about how agents get paid or if you want some help buying a home, click the link to schedule a call.