Selling guide
A seller’s guide to understanding real estate agent fees
The whats, whens and hows of paying your agent.
AI summary
Understanding real estate agent fees is crucial for sellers. In New Zealand, there are no standard rates, so you must get written cost estimates before signing an agency agreement, as required by the Real Estate Authority (REA).
Costs typically include a tiered, negotiable commission based on the final sale price, an administration fee, and vendor paid advertising (VPA). VPA covers marketing and is often paid upfront by the seller.
Commission is generally paid once the property sale goes unconditional.
How much do real estate agents charge in NZ?
You need to understand your payment obligations before signing the agency agreement.
How much commission do real estate agents take?
How does VPA work?
Understand what the agent expects you to pay in terms of vendor paid advertising.
When do you pay a real estate agent?
How much do real estate agents get paid?
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