Q:

What realty fees are applied when selling property with Cornerstone Realty?

A:

Quick Answer

Although Cornerstone Realty does not publish its fees on its website, real estate agents are generally paid on commission, and the most common commission rate is 6 percent, according to Realtor.com. This means that if a home sells for $100,000, the real estate agent’s commission is $6,000 in most states.

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Full Answer

Sellers may face other fees when selling a home, notes Realtor.com. These include taxes, lien release documents, recording fees and fees for verification of documents by a notary. Escrow fees and fees for title searches may also be assessed. In addition, a seller may also agree to a closing cost concession, which covers the buyer's closing costs; this usually amounts to around 3 percent of the price of the home as of 2015.

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