Are Realtor fees included in closing costs?

Whether you’re buying or selling a home, there are closing costs that need to be considered. One question we commonly hear is, “Are Realtor fees included in closing costs?”

The simple answer is yes, Realtor fees are included in closing costs. When a home is sold, real estate agents earn a sales commission which can vary from Realtor to Realtor, company to company and state to state. Usually, the percentage is around 6 percent. In most cases, the fee is paid by the home seller.

In addition to the Realtor’s commission, there are several other fees that make up your final closing costs. Below are some of the more common closing fees found in a typical real estate transaction. Please note that these fees also vary from transaction to transaction and are just a general guideline.

Fees paid by the home buyer

  • Loan origination fee
  • Credit report fee
  • Underwriter fee
  • Appraisal fee
  • Home inspection fee
  • Title search fee
  • Survey fee
  • Taxes
Fees paid by the home seller
  • Closing fee
  • Attorney fee
  • Title transfer fee
  • Taxes

Again, it’s important to reiterate that closing costs will vary, and that all closings are different. But that’s where your Realtor comes in. An experienced Realtor will talk you through every stage of the real estate transaction, including the closing, and answer all of your questions along the way.

If you want to learn more about closing costs and answers to common questions such as “Are Realtor fees included in closing costs?”, we found a great article from zillow.com that offers a lot of detail: “How closing works and how much you’ll pay.” Our own blog also contains a lot of great information on this topic: check out previous Olear Team articles about closing costs here.

 

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