What does your commission include? / What do real estate brokers typically charge?
Written and reviewed by Andrew Ragusa, Licensed Real Estate Broker and Broker of Record, REMI Realty LLC — 11+ years of transactions across Long Island, Brooklyn and Queens.
The short answer
In many transactions I handle, sellers pay between 4% and 6% in total commission expense. That amount is negotiable and is not paid solely to my brokerage. It may include the listing brokerage’s fee, compensation paid to the buyer’s brokerage, or both. The number that matters is the seller’s estimated net after commissions and concessions.