Real Estate Glossary

What is Commission On a Listing Agreement?

This is a fee that is paid to a real estate agent or broker for their services in listing a property for sale. In most cases, a commission on a listing agreement is calculated as a percentage of the sale price of the property and is paid by the seller. The commission is typically due when the property is sold, although it may be payable at other points in the transaction process depending on the terms of the listing agreement.