A
rizona's average total real estate commission is 5.44%, mirroring the national average. This consists of a seller's agent rate of 2.74% and a buyer's agent fee of 2.70%. For context, selling a $330,000 home would incur around $17,952 in realtor fees, while a $650,000 home would cost $35,360 and a $1,090,000 home would be $59,296.
Realtor commission is typically the largest expense when selling a home. However, you don't have to pay the full 5.44%. Using a low-commission real estate broker can help save on listing fees.
In Arizona home sales, two agents are usually involved: the seller's agent (listing agent) and the buyer's agent. The seller's agent earns their commission by setting an optimal listing price and overseeing the closing process. The buyer's agent earns theirs by bringing a qualified buyer who meets contract terms and completes the sale on time.
Sellers and buyers negotiate realtor fees separately with their agents, signing contracts promising to pay agreed-upon commissions. Sellers can offer concessions to help buyers afford homes, as per the 2024 NAR lawsuit settlement.
