As Massachusetts home sellers begin to contemplate whether to sell their home, invariably one of the first things that come into their minds is Massachusetts Realtor commission fees. Real estate broker fees can significantly impact the bottom line for a seller and represent a material component to the amount of money a property owner walks away with after a successful sale.
Real estate agent fees and the concept of a real estate commission percentage can be nebulous. Sellers consistently have questions like:
- What’s the average real estate commission?
- Is there a standard real estate agent commission?
- What is the real estate agent fee when selling?
- Is there a typical Massachusetts real estate commission?
Each one of these questions is a good one, and frankly, natural to ask. With real estate commission percentages where they are at in the US, it’s important to take into account their impact on a sale.
What does that mean?
For illustration purposes, on the sale of a $409,000 home, with 6% being paid as real estate broker fees, the seller will pay $24,540 in Realtor fees – therefore, the property owner is more accurately selling at $384,460 (after taking into consideration the typical real estate commission).
You can learn more about the average Massachusetts Realtor fees, how real estate brokerages establish their real estate commission rate, and gain insight into exactly who pays the Massachusetts real estate agent fees by further exploring real estate agent commissions.