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
My listing fee is typically between 5% and 6%. Generally, the higher the price of the home, the lower the percentage, and vice versa. It can vary from one property to another and based on the job you are hiring me to do. If a job requires substantial hands-on coordination, that has to be taken into account. All real estate commissions are negotiable, and the exact agreement is put in writing before the property is listed. I explain what the seller is paying my brokerage for before anything is signed.