Hey there, fellow home enthusiasts! Today, we're diving into the captivating world of real estate and exploring a question that often leaves people scratching their heads: Who pays the realtor's commission in a home sale? Buckle up, because we're about to unravel this mystery with a touch of fun and an ounce of wit.

Recommendation 1: Sellers, Get Ready to Pop that Champagne!
Ah, sellers, this one's for you! In the realm of real estate transactions, it's customary for the seller to pay the realtor's commission. So, if you're planning to say goodbye to your beloved abode, you'll be the one raising that celebratory glass of bubbly when the deal is done. Rest assured, this is one expense you won't need to stress over.

Recommendation 2: Buyers, Relax and Enjoy the House Hunting Adventure!
Are you a house-hunting aficionado? Well, good news, dear buyers! In most cases, you won't be responsible for footing the bill when it comes to the realtor's commission. Instead, it's your friendly neighborhood seller who will take care of that financial aspect

In this review, we will discuss the positive aspects of understanding who pays the commission, list the benefits associated with this knowledge, and provide insight into the conditions under which this information is relevant.

I. Positive Aspects of Who Pays the Commission on the Sale of a House:

1. Clarity and Transparency:

   • Knowing who is responsible for paying the commission brings transparency to the real estate transaction process.
   • Buyers and sellers can make informed decisions based on this knowledge.

2. Financial Awareness:

   • Understanding commission payment helps individuals budget appropriately when buying or selling a property.
   • Sellers can factor in the commission expenses while determining their desired sale price.

3. Negotiation Power:

   • Being aware of commission responsibilities provides leverage during negotiations.
   • Buyers may request sellers to cover the commission or adjust the purchase price accordingly.

II. Benefits of Knowing Who Pays the Commission on the Sale of a House:

1. Sellers:
   • Determine the net proceeds from the sale by considering the commission.
   • Plan

Nowadays, real estate commissions can be negotiated, and they typically run about 5 percent to 6 percent of a home's sale price. The exact terms of an agent's commission vary from sale to sale, and can depend on the region and which firm they work for.

Once the sale is final, both realtors will split a commission fee which is calculated by the purchase price of the home. This fee is paid by the seller, but it is calculated into the overall cost of the home. So, once you make the transaction on the home or property sale, you've done your part in “paying” the agents.

Sellers Pay Real Estate Commission Fees

The Realtor commission fees are then split between the listing agent's brokerage and the buyer's agent's brokerage. The respective brokerages then give the agents their portion of the commission. Oftentimes, the realtor fees are split equally between the brokerage and the agent.

Real estate agents receive a commission in exchange for helping buyers and sellers. Here's a look at real estate fees and who pays them.

The average Illinois real estate commission is 5.24% and the seller typically covers this fee, which gets deducted from their sale proceeds at closing. It translates to roughly $13,212 in realtor commission to sell a home worth $252,134 (the typical home value in Illinois).