Most people understand when a home is sold through a real estate broker / agent, a commission is paid. Very few understand where that seemingly large amount of money goes, and who gets it in the process. How does the buyer’s agent (confusingly called the “selling agent”) get paid? How does the listing agent get paid? What about the brokerage(s) involved? Does a buyer pay their agent’s commission? What are average real estate commissions in the US? Although real estate laws and practices vary from state to state, we’ll answer those questions and others, so that when you’re ready to buy or especially, to sell, you won’t be at the mercy of whatever an agent tells you. Read More