Real Estate Agent Commission: How It Works and When You Pay
When you decide to sell your home through a real estate agency, one of the first things you need to understand is the cost of their service.
The agency’s commission is calculated based on the sale price and can be influenced by several factors.
In this article, we’ll explain everything you need to know to sell your property with confidence and clarity.
Real Estate Agent Commission – What Services Does It Cover?
The real estate agency’s commission – also called a fee – covers a range of essential services for property sellers, making the buying and selling process faster and simpler.
These services generally include:
– Property valuation
– Marketing and advertising
– Managing property viewings
– Negotiations with buyers
– Legal and contract assistance
When Do You Pay the Real Estate Agent’s Commission?
Once you know the cost of hiring a real estate agency, you might wonder when the commission is actually due.
The agency’s commission is earned when the transaction is completed.
This means payment is usually made when the preliminary sales contract (or “compromesso”) is signed, or – depending on the agreement with the agency – it can be postponed until the final notarized deed, which officially transfers the property.
This is typically when the agency receives the final commission, along with the remaining balance of the property price.
This practice ensures security for both parties, guaranteeing that payment is only made once all conditions of the sale have been met.
Factors That Affect a Real Estate Agent’s Commission for Sellers
The commission percentage can vary depending on several factors, including:
– Property location: Commissions may be higher in areas with a competitive real estate market.
– Property value: Higher-value properties may have a slightly lower commission rate.
– Additional services offered by the agency: Agencies that provide a full-service package may charge higher commissions.
How to Calculate the Commission: A Practical Example
Let’s say you’re selling your home for €200,000 and the real estate agency charges a 3% commission. To calculate the
commission, simply multiply the sale price by the percentage:
200,000 × 0.03 = €6,000
In this case, the cost of the agency’s service for selling your property would be €6,000.
Hasamia Pricing and Commissions: Flexible Options for Every Seller
Hasamia stands out from traditional real estate agencies by offering innovative and flexible solutions for its clients. Here’s a quick look at Hasamia’s pricing and commission options.
You can choose our Traditional Package with a commission of 1.5%, or opt for one of our fixed-price packages starting at €999, depending on the type of services and visibility you want for your property.
All our packages include essential services such as professional property valuation, agent assistance, document analysis, and visibility on the main real estate portals.
Plus, everything can be purchased online and managed directly from your personal account.
Payment Options with Hasamia:
– Pay Now: Buy your package online and have your property listed in just 4 business days.
– Pay Later: List your property now and start paying from the third month in three convenient installments, or upon sale if it happens sooner.
– No Sale, No Commission: Available only with the Traditional Package. You pay nothing until the property is sold. Requires an agency exclusivity of at least 6 months, with commission rates varying depending on the property and location.
Calculating your real estate agent’s commission is a key step when selling your home. Knowing the factors that influence the percentage allows you to make an informed and advantageous decision.
With Hasamia, you can navigate every stage of the selling process with complete peace of mind, professionalism, and costeffective solutions!
For more information or personalized assistance, don’t hesitate to contact the Hasamia experts. We’re here to guide you every step of the way.
