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The normal price ranges from 5% to 6%, meaning commission on the US average residence on the end of 2023, $391,seven-hundred, may reach up to $23,502. Though sellers are those that pay the fee, the compensation is usually break up between the seller’s agent and the buyer’s agent. Being part of the NAR offers brokers access to the organization’s listings, often identified as “multiple listing service” or the MLS, the place seller brokers can submit properties up on the market and where shopping for agents can see what properties are available on the market.

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