The Cost of Selling a House with a Realtor®: The Math Says It’s Worth It
Editor’s note: On March 15, 2024, the National Association of Realtors (NAR) announced a landmark lawsuit settlement that will change the way real estate agent commissions are handled in the future. These changes will “decouple” seller and buyer agent compensation. Industry experts predict that this decoupling will likely lower agent fees and give buyers the ability to negotiate commission amounts directly. Learn more.
Selling your house with a Realtor® is like hiring an accountant to do your taxes, or getting a lawyer to draft up your estate plan. You’re, in essence, paying the cost of a professional for their skills and services to accomplish new and unfamiliar tasks, and 89% of home sellers choose to work with a real estate agent as of 2024.
Anytime you hire someone, you deserve full transparency into what they’re going to charge you, and the true value of their services. And the way Realtors get paid does not always feel like familiar territory. We’re here to explain what commissions are and the value home sellers are realizing by opting to work with a Realtor.
