How real estate commissions used to work Traditionally, when a home seller hired a real estate agent to represent their listing, the seller agreed to pay a commission. The national average has been ...

The National Association of Realtors (NAR) agreed to new rules around real estate agent commissions as part of a landmark lawsuit settlement in March 2024. The new rules rolled out in August — along ...

Real estate agents earn a commission when a transaction closes, typically ranging from 2.5 to 3 percent of the home’s sale price. Each agent’s rate — and who pays it, buyer or seller — is negotiated ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The landmark settlement over ...

A year after a landmark settlement called for a disruption in how real estate agents are paid, people say they still feel forced to pay them excessive commissions. By Debra Kamin When Mike Chambers ...