Sell My House Real Estate Agents and Commissions

Question 1

What is the traditional total real estate commission rate in the US?

Accepted Answer

5–6%

Answer

1–2%

Answer

3–4%

Answer

8–10%

Question 2

What does a listing agent do for a home seller?

Accepted Answer

Markets the home, advises on pricing, and negotiates on the seller's behalf

Answer

Represents only the buyer's interests

Answer

Handles only the legal paperwork at closing

Answer

Manages the home inspection process

Question 3

What is a 'dual agency' in real estate?

Accepted Answer

When one agent or brokerage represents both the buyer and the seller in the same transaction

Answer

When two separate agents each represent buyer and seller

Answer

When a seller uses two listing agents simultaneously

Answer

When an agent works in two different states

Question 4

What is a listing agreement?

Accepted Answer

A contract between the seller and the listing agent authorizing the agent to market the property

Answer

A contract between the buyer and seller

Answer

A government form required for all home sales

Answer

A document that sets the buyer's mortgage terms

Question 5

What does 'FSBO' stand for in real estate?

Accepted Answer

For Sale By Owner

Answer

Federal Sale By Owner

Answer

Fixed Sale Buyout Option

Answer

Full Service Broker Offering

Question 6

Who typically pays the real estate commission in a US home sale?

Accepted Answer

The seller pays the commission out of sale proceeds

Answer

The buyer pays both agents' commissions

Answer

The government subsidizes real estate commissions

Answer

Each party pays their own agent's commission