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How much commission do I need to pay a real estate agent when buying a home

As a home buyer, you typically don't have to pay realtor fees or commission. These fees are usually covered by the seller as part of the overall expenses of selling a home. The average cost of a buyer's agent fee is around 2.66% of the home's sale price, based on a survey of over 600 realtors. This amount can vary depending on the location, property type, and value of the home. For example, if the median home price is $418,000, the buyer's agent fee would be over $11,000. However, it's important to note that real estate commissions can vary and may not always be a fixed percentage of the home's purchase price.

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