What is the Average Real Estate Commission in Virginia?
What is the Average Real Estate Commission in Virginia?
Abstract
When it comes to real estate, the commission that agents receive for their work is a hot topic. According to recent reports, the average real estate commission in Virginia is 5.1%. However, this varies depending on which part of the state you are looking at. Northern Virginia has an average commission of 6%, while Hampton Roads has an average of 4.5%. While the averages are helpful to know, it's important to keep in mind that commissions are negotiable. If you're working with a real estate agent, be sure to discuss their commission rate before signing any agreements. How Does Real Estate Commission Work? In most cases, the real estate commission is split between the buyer's agent and the seller's agent. The typical split is 50/50, but it can vary depending on the situation. If there are two agents representing the buyer and seller, they may Continued The post What is the Average Real Estate Commission in Virginia? appeared first on FastExpert.