What is the Average Real Estate Commission in Tennessee?
AuthorReal Estate Experts. Date:
Paying a commission to a real estate agent is customary when selling a home in the U.S. In most cases, the seller will pay a commission to both their own agent and the buyer’s agent. The standard commission is 6% of the home’s sales price, but this can vary depending on the market and the agents involved. In Tennessee, the average real estate commission is 5.6%, above the national average of 5.5%, according to a poll of FastExpert agents. Of course, the commission you pay will ultimately be negotiable between you and your agent. And, if you’re working with a Flat Fee MLS broker, you may be able to reduce the commission you pay even further. If you’re selling a home in Tennessee, it’s important to understand the average commission rate so you can make an informed decision about which real estate agent to work with. At FastExpert, we can … Continued
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