Selling guide
Paying agent commissions
A real estate agent earns their keep through commissions rather than a fixed fee.
AI summary
When selling your home in NZ, agent commissions are standard. The Real Estate Authority (REA) requires agents to provide an estimated cost, with structures varying from tiered percentages to flat fees.
Experts advise choosing an agent based on skill over a low fee, as a top agent can achieve a higher sale price. Be prepared for extra costs like Vendor Paid Advertising (VPA) for marketing, which are often paid upfront. Always request an itemised breakdown of all expenses.
How much commission do real estate agents take?
Different agencies have different approaches to agent commission.
You get what you pay for
Commission won't be the only cost
Make sure you understand the additional costs on top of commisison.
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