The buyers agency fee is what an agent earns for helping a buyer purchase a home. It\u2019s usually 2.5\u20133% of the sale price, with a national average of 2.82%. On a $400,000 home, a 3% fee equals $12,000.<\/p>\n\n\n\n
Traditionally, sellers paid this fee. That practice came from long-standing MLS rules tied to the National Association of Realtors (NAR), which required listing agents to advertise buyers agency compensation in order to list a home on the MLS \u2014 the main marketplace for home sales.[1]<\/span><\/p>\n\n\n\n After a 2024 NAR lawsuit, sellers can no longer set or advertise buyers agent fees in MLS listings. Instead, buyers now negotiate the fee directly with their agent and sign a contract agreeing to the rate before touring homes.<\/p>\n\n\n\n Even so, many sellers still cover the buyers agent fee to attract more buyers, since many buyers can't afford to pay it out of pocket on top of a down payment. The difference is that the fee is now usually offered as a seller concession at closing rather than upfront.<\/p>\n\n\n\n To help reduce costs for buyers, some agents and real estate companies offer rebates or cash back. For example, Clever Real Estate<\/a> can match you with a top local buyers agent and provide cash back in eligible states. Simply fill out a short form to connect with top-rated agents in your area.<\/a><\/p>\n\n\n\nWhat is a buyers agent fee?<\/h2>\n\n\n\n