Bucks County Real Estate Web Resource

Bucks County Real Estate Sales Commissions Explained

Bucks County real estate agents are paid on a commission basis. Majority of the time, both the buyer and seller’s commission are paid from the selling price of the home. Commissions are calculated from the percentage that averages between 5-8 percent of the home sold. There are some firms out there that charge a flat rate in Bucks County.

The reason for the difference in rates charges is generally tied to the type of marketing done for the Bucks County home. If the rate is low, less capital will be placed into advertising the home. If the rate is higher, more marketing will generally be done. This should be worked out clearly before hand with the buyer’s agent. In essence though, you will often times get what you paid for. The average rate is 6%.

Explanation of Commissions
Using an example of 6% total commission:

In general, the buyer’s agent will get 3% and the seller’s agent will receive 3%. In greater detail though, the 3% Listing Commission is to be divided between the listing agent and his/her broker usually at a 50:50 basis. This means the broker gets 1 1/2% and the listing agent gets 1 1/2%.

The 3% Selling Commission paid to the selling agent is to be divided between the selling agent and his/her broker again at a 50:50 basis. The broker gets 1 1/2% and the selling agent gets 1 1/2%.

The 3% Listing Commission + the 3% Selling Commission = 6% Total Commission

For Sale By Owners in Bucks County are still required to pay the buyer’s agent a fee. This fee is generally around 3%.