Real Estate Commissions: The Eye-Opening Truth You Need to Know

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If you have ever sold a property through a realtor, you most likely paid a real estate commission for those who are hearing this term for the first time, Detroit Cash For Homes is here to enlighten you with some knowledge. With years of experience in the industry offering reliable solutions to homeowners, we have gained popularity as a leading real estate cash buyer in Michigan. 




Let us begin with the basics. 


  • What is a real estate agent commission?


A real estate commission is an incentive you pay to your prospective realtor for helping you achieve higher sale prices. Usually, a homeowner agrees with a real estate agent to pay a fee once they sell the property. A real estate agent commission is 6% of the total home sale price. A seller has to sign an agreement with these details. Below are the services you get by paying real estate commissions. It includes:

    • Housing expertise
    • Advertising 
    • Easy access to multiple listing services
    • Hosting show days
    • Connecting potential buyers
    • Signage rental
    • Office and admission fees
    • Knowledge and understanding about the contract 
    • Closing guidance


  • The truth about a real estate agent commission
    • Incentive or scam - A real estate commission is nothing but an incentive you pay to your agent for grabbing an attractive sale for your house. Given it is a hefty expense that homeowners have to deal with, people often consider it a scam. However, this is not the truth. 
    • 60% of the commission goes to agencies - When it comes to commissions, they don’t directly go to the agents. Instead, you pay commission to agencies and brokers, and they will pay the agent. Also, if you look at the numbers, only a portion of the incentive goes to real estate agents - that is 40% of the total commission. 
    • Can you negotiate real estate commissions? - Yes, you can negotiate commission with your real estate agent. Did you know agencies and brokers are not allowed to have a standard real estate commission? 


Real estate agent commissions are the biggest fees associated with selling your home through a traditional route. If you do not want to deal with these expenses, sell your property to cash home buyers in Michigan like Detroit Cash For Homes. A realtor commission makes up 6% of the final sale amount, which is a lot of money. Besides saving money, you can ensure a fast and hassle-free home sale. 


If you are looking for a reliable cash home buyer to sell your home without commissions and fees, get in touch with Detroit Cash For Homes. Also, we buy houses for cash in Michigan as-is without clean-up, repairs, and renovations. 

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