Editor’s be aware: On March 15, 2024, the Nationwide Affiliation of Realtors (NAR) introduced a landmark lawsuit settlement that can change the best way actual property agent commissions are dealt with sooner or later. These modifications will “decouple” vendor and purchaser agent compensation. Trade consultants predict that this decoupling will seemingly decrease agent charges and provides patrons the flexibility to barter fee quantities instantly. Study extra.
Should you’re planning to promote a house for the primary time within the Lone Star State, it’s seemingly your preliminary query will likely be, “How much can I get for my home?” However there’s a second query that’s instantly associated to your proceeds, “Who pays Realtor fees in Texas?
In this post, we’ll answer this question and outline what you can expect in terms of Realtor fee amounts in Texas. We’ll also explain the often unknown path your real estate commission money takes after the sale.
Who pays Realtor fees in Texas?
“In a typical, garden variety real estate transaction in Texas, the Realtor fees are going to be paid by the seller,” explains top-performing Dallas County agent Jeremy Larsen, who works with 65% extra single-family properties than the common Dallas agent. Even the customer’s Realtor is paid by the vendor, often in an equal quantity to that paid to the itemizing agent.”
However Larsen provides, “There is more range in what is paid nowadays versus ten years ago, but in the garden variety transaction, the Realtor fees are the seller’s responsibility.”
What’s the common Realtor payment in Texas?
“While they can vary, 3% for each agent is pretty common — both on the buyer side and on the list agent’s side — for a total of 6% that is almost always charged to the seller,” Larsen says. “The 6% is calculated based on the sales price of the house.”
On a property definitely worth the present statewide median residence sale value of round $345,000, 6% quantities to $20,700 in fee prices for the vendor.
“Some agents in Texas do charge a transaction fee, either themselves directly or through their brokerage,” Larsen explains. “I’ve seen transaction fees for buyers or sellers range from $200 to $495. It depends on the individual agent or brokerage, but that’s the minority of the cases, it’s not common.”
Utilizing an general statewide common of 6%, right here’s a breakdown of how a lot you may pay in Realtor charges primarily based on what a house sells for in six of the biggest cities in Texas:
| Texas metropolis | Median residence value | Typical fee at 6% |
| Houston | $336,125 | $20,168 |
| San Antonio | $319,900 | $19,194 |
| Dallas | $400,000 | $24,000 |
| Austin | $456,000 | $27,360 |
| Fort Price | $400,000 | $24,000 |
| El Paso | $255,000 | $15,300 |
Median residence value supply: TexasRealEstate.com
HomeLight gathers agent fee information from cities all through the U.S. To see if we’ve got fee charges in your Texas metropolis or city, attempt our Agent Commissions Calculator. You may additionally be eager about our House Worth Estimator to see what your property is perhaps price proper now.
Nonetheless interested by Realtor charges in Texas? Listed here are the solutions to a couple widespread questions on agent commissions:
When is the Realtor payment paid?
Generally, the Realtor payment will robotically be deducted from the sale proceeds on the time of closing. Till then, you sometimes gained’t owe any cash to the true property agent.
