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Top 10 Real Estate Agent Commission Rates

Real estate agent commission rates can vary widely, typically ranging from 5% to 6% of the home's sale price. This fee is usually split between the listing agent and the buyer's agent, although variations exist based on regional practices and specific agreements. It's important for sellers to understand these rates, as they can significantly impact their net proceeds from a sale.

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In many markets, the standard commission rate is around 6%, with 3% going to the listing agent and 3% to the buyer's agent. However, some agents may offer lower rates to attract clients, leading to a range of 4% to 5% in competitive markets. Additionally, factors such as the property's location, price point, and the agent's experience can influence commission rates. Sellers may also negotiate commissions, especially in a seller's market or if they are working with a discount brokerage. Understanding the full scope of commission structures, including any hidden fees or additional costs, is essential for making informed financial decisions when selling a property.

  • Zillow
    Zillow

    Zillow - Find your dream home, effortlessly with Zillow.

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  • Redfin
    Redfin

    Redfin - Redfin: Your home journey, simplified and personalized.

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  • Realtor.com
    Realtor.com

    Realtor.com - Find your dream home, effortlessly with Realtor.com.

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  • HomeLight
    HomeLight

    HomeLight - Your trusted partner in real estate success.

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  • Opendoor
    Opendoor

    Opendoor - Unlocking home buying and selling made easy.

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  • Compass
    Compass

    Compass - Navigate Your Future with Compass.

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  • eXp Realty
    eXp Realty

    eXp Realty - Empowering agents, redefining real estate.

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  • Keller Williams
    Keller Williams

    Keller Williams - Empowering agents, transforming lives, building communities.

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  • Century 21
    Century 21

    Century 21 - Your trusted partner in real estate success.

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  • Coldwell Banker
    Coldwell Banker

    Coldwell Banker - Your trusted partner in real estate success.

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Top 10 Real Estate Agent Commission Rates

1.

Zillow

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Zillow is an online real estate marketplace that offers a platform for users to buy, sell, rent, and finance homes. Founded in 2006, it provides extensive listings of properties, along with tools like Zestimate, which estimates home values based on various data points. Zillow serves as a resource for homebuyers, sellers, and renters, offering insights into market trends, neighborhood statistics, and property details. The platform also features user-friendly search filters and mobile apps, making it accessible for users seeking real estate information and services.

Pros

  • pros User-friendly interface
  • pros extensive listings
  • pros comprehensive market data
  • pros helpful estimates
  • pros and mobile accessibility.

Cons

  • consInaccurate property valuations
  • cons limited local data
  • cons user-generated content inconsistencies
  • cons and potential privacy concerns.
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2.

Redfin

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Redfin is a technology-powered real estate brokerage that offers a full suite of services for home buyers and sellers. Founded in 2004, it utilizes advanced algorithms and data analytics to provide accurate home valuations and market insights. Redfin's user-friendly platform allows users to search for homes, schedule tours, and access real estate agents. The company is known for its innovative approach, including offering a lower commission structure and providing a unique "Redfin Estimate" for property pricing. With a focus on transparency and customer service, Redfin aims to streamline the home buying and selling experience.

Pros

  • pros User-friendly platform
  • pros lower fees
  • pros detailed listings
  • pros innovative technology
  • pros and excellent customer service.

Cons

  • consLimited local agent knowledge
  • cons higher fees
  • cons less personalized service
  • cons and potential data inaccuracies.
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3.

Realtor.com

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Realtor.com is a leading online real estate platform that connects buyers, sellers, and renters with property listings across the United States. Operated by Move, Inc., a subsidiary of News Corp, it features a comprehensive database of homes for sale and rent, along with valuable resources such as market trends, neighborhood insights, and mortgage calculators. The site offers tools for both consumers and real estate professionals, enhancing the home-buying experience by providing accurate listings, detailed property information, and expert advice to navigate the real estate market.

Pros

  • pros User-friendly interface
  • pros extensive listings
  • pros accurate data
  • pros helpful resources
  • pros mobile accessibility
  • pros neighborhood insights.

Cons

  • consLimited listings
  • cons outdated information
  • cons user interface issues
  • cons and lack of personalized service.
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4.

HomeLight

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HomeLight is a technology-driven real estate platform that connects home buyers and sellers with top real estate agents. By leveraging data and algorithms, HomeLight helps clients find agents based on performance metrics, client reviews, and local expertise. The platform offers various services, including agent matching, cash offer programs, and home valuation tools, aiming to simplify the real estate transaction process. HomeLight's goal is to empower individuals in their real estate journeys, enhancing transparency and efficiency in buying and selling homes.

Pros

  • pros Streamlined home selling process
  • pros competitive commissions
  • pros access to top agents
  • pros transparent reviews.

Cons

  • consLimited agent options
  • cons potential higher fees
  • cons inconsistent service quality
  • cons and no direct negotiation.
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5.

Opendoor

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Opendoor is a technology-driven real estate company that simplifies the home buying and selling process. Founded in 2014, it allows homeowners to receive instant offers on their properties through a streamlined online platform. Sellers can quickly close transactions without traditional hassles, while buyers can explore a wide range of homes available for purchase. Opendoor aims to create a more efficient, transparent, and user-friendly real estate experience, leveraging data and technology to facilitate transactions and reduce the time typically required in the real estate market.

Pros

  • pros Fast sales
  • pros convenience
  • pros no repairs needed
  • pros transparent pricing
  • pros and flexible closing options.

Cons

  • consHigh fees
  • cons limited negotiation
  • cons potential lower offers
  • cons and less personalized service.
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6.

Compass

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Compass is a technology-driven real estate platform that connects buyers, sellers, and agents through its innovative tools and services. Launched in 2012, it leverages artificial intelligence and data analytics to enhance the real estate experience, streamline transactions, and improve market insights. Compass offers a range of resources, including marketing solutions, property management, and customer relationship management tools, empowering agents to provide exceptional service. With a strong emphasis on design and user experience, Compass aims to simplify the real estate process and make it more efficient for all parties involved.

Pros

  • pros User-friendly interface
  • pros extensive data access
  • pros strong collaboration tools
  • pros customizable features
  • pros and effective analytics.

Cons

  • consHigh costs
  • cons limited features
  • cons steep learning curve
  • cons inconsistent data accuracy
  • cons and customer support issues.
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7.

eXp Realty

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eXp Realty is a cloud-based real estate brokerage that operates in the United States and several other countries. Founded in 2009, it utilizes innovative technology and a virtual platform to connect real estate agents, enabling them to collaborate and share resources seamlessly. eXp Realty offers agents a unique commission structure and revenue-sharing opportunities, empowering them to build their own businesses. The brokerage emphasizes training, support, and a strong agent community, making it an attractive option for real estate professionals seeking flexibility and growth in their careers.

Pros

  • pros Flexible commission structure
  • pros cloud-based technology
  • pros global networking
  • pros low overhead costs
  • pros strong agent support.

Cons

  • consHigh commission splits
  • cons agent turnover
  • cons limited office support
  • cons and less brand recognition.
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8.

Keller Williams

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Keller Williams Realty is a global real estate franchise founded in 1983 by Gary Keller and Joe Williams in Austin, Texas. It is renowned for its agent-centric business model, focusing on empowering real estate agents through training, technology, and support. The company emphasizes a culture of collaboration and innovation, offering a range of tools and resources to help agents succeed. With thousands of offices and a vast network of agents worldwide, Keller Williams has become one of the largest real estate companies, known for its commitment to professionalism and community involvement.

Pros

  • pros Strong training programs
  • pros supportive culture
  • pros high commission splits
  • pros innovative technology
  • pros global network
  • pros agent-centric focus.

Cons

  • consHigh commission splits
  • cons intense competition
  • cons variable agent support
  • cons and limited national advertising.
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9.

Century 21

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Century 21 is a global real estate franchise that specializes in residential and commercial property sales, leasing, and management. Founded in 1971, it has grown to become one of the largest real estate organizations worldwide, with thousands of independently owned and operated offices in various countries. The brand is recognized for its commitment to customer service, innovative technology, and extensive training programs for agents. Century 21 aims to empower clients by providing expert guidance in navigating the real estate market, whether buying, selling, or investing in properties.

Pros

  • pros Global brand recognition
  • pros comprehensive training
  • pros strong support
  • pros extensive resources
  • pros and diverse property listings.

Cons

  • consHigh commission fees
  • cons variable agent quality
  • cons inconsistent service
  • cons limited local market expertise.
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10.

Coldwell Banker

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Coldwell Banker is a global real estate company founded in 1906, known for its extensive network of agents and commitment to providing exceptional service. With a presence in over 40 countries, it specializes in residential and commercial real estate, offering a wide range of properties from luxury homes to investment opportunities. Coldwell Banker emphasizes technology and innovation, utilizing advanced marketing strategies to help clients buy, sell, or rent properties. The brand is recognized for its professionalism, expertise, and dedication to customer satisfaction in the competitive real estate market.

Pros

  • pros Strong brand recognition
  • pros extensive network
  • pros comprehensive training
  • pros innovative technology
  • pros and global reach.

Cons

  • consHigh commission fees
  • cons variable agent quality
  • cons inconsistent service
  • cons and limited local market knowledge.
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