Hey there, awesome readers! Today, we're diving into the exciting world of real estate and aiming to unravel a common query: who usually foots the bill for those real estate agent fees? Buckle up, because we're about to embark on a whimsical adventure through the realms of buyer and seller responsibilities in the US. Ready? Let's go!

Now, picture this: you've found your dream home, and you're eager to close the deal. Suddenly, a wild thought pops into your head, "Who usually pays for the real estate agent fees, buyer or seller?" Fear not, curious minds, for we shall answer this query in the most delightful way possible!

In the charming realm of real estate transactions in the US, it's customary for the seller to be the one responsible for the real estate agent fees. Yes, you heard it right! The seller typically pays the commission for both their own agent and the buyer's agent. But hold your horses, dear readers, because there's more to this tale!

You see, when a seller decides to list their property, they often sign a contract with their real estate agent, agreeing to a specific

The Bottom Line

Most buyers and sellers work with real estate agents. In exchange for their work, agents receive a percentage of the sales price known as the commission. Though it's the seller who is usually on the hook for the commission, the cost is generally factored into the listing price of the home.

5.24%

Typical Realtor Commission Rates in Illinois

Across Illinois, the statewide average real estate commission on a home sale is 5.24% of the final sale price.

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.

The Seller Usually Pays Realtor Fees In New York

In New York, like every other U.S. real estate market, the homeowner/seller pays the realtor fees out of the proceeds from the sale of the property. This means that they are paying for their agent as well as the agent of the Buyer.

If you are in the process of buying or selling your home, Brobeck recommends interviewing several realtors and asking them upfront about their commission rates. “If buyers and sellers do not ask their agent about the commission, they may not learn about it until the closing.

The commission is typically paid by the home seller, and the seller's agent will then split the commission with the buyer's agent.