Commission Calculator North Carolina 2023
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North Carolina Real Estate Commission Calculator
The average real estate commission in North Carolina is 6% in 2021. Commissions in North Carolina are paid by the seller of the home. The home seller will pay both the selling agent and the buyer's real estate agent. In North Carolina, real estate commissions are usually split 50/50, with 50% going to the seller or listing agent, and 50% going to the buyer's agent.
What You Should Know
- The commission paid to the real estate agents in the U.S. is typically 5%-6% of the house’s sale price
- The seller is the one who pays for both the commission of the seller agent and the buyer agent
- The total commission is split between the buyer agent, the seller agent, and their respective brokerages
- Different U.S. states may have different commissions for real estate agent
- Real estate agents generally share some of the commission they earn with their brokerage they work for, which is usually in a ratio of 60:40
How Much are Real Estate Commissions in North Carolina?
According to Clever, which sources data from local agents, the average real estate commission in North Carolina is 5.78%.
Average Real Estate Commission in North Carolina
| North Carolina | |
|---|---|
| Average Commission | 5.78% |
| Average Home Price | $225,000 |
How can you reduce the commissions that you pay when you sell a home in North Carolina?
You can oftentimes try to negotiate with your agent to get a lower commission rate. Shopping around for different agents and comparing their commission rates upfront can help you avoid nasty surprises later. You do not want to wait until closing to find out how much your agent’s commission rate is.
If you are looking for an alternative to full-service real estate agents, there are options such as discount brokers or listing services. Some discount brokers in North Carolina have low commission rates while still providing MLS listing services. These brokers may charge a commission as low as 1%, or charge a flat-fee no matter the price of your home. Some of these brokers may also provide cashback to buyers, giving an attractive incentive for buyers looking at your home.
MLS listing services in North Carolina may only charge a flat-fee, some as low as $100, but they provide no selling services other than listing your home on MLS. This means that you will have to handle all the work that a selling agent usually does, such as communicating and negotiating with buyers and agents, setting up your property for photos and an open house, and marketing outside of MLS.
While you will save on the selling agent’s portion of the commission, you will still need to pay the buyer’s agent. You can state the commission that you are willing to pay to them on MLS, however, low buyer agent commissions may dissuade buyer agents from showing your property to prospective buyers. There are often more listing services available in cities such as Raleigh, Durham, and Charlotte.
Who regulates real estate agents in North Carolina?
Real estate agents in North Carolina are licensed by the North Carolina Real Estate Commission. There are no real estate “agent” or “salesperson” licenses in North Carolina. Instead, the entry-level license for real estate agents in North Carolina is the Provisional Broker license. Provisional Brokers (PB) are supervised by a Broker-in-Charge (BIC).
Although the North Carolina Real Estate Commission does not settle compensation-related disputes if it is between real estate brokers, they do investigate consumer complaints.
If I refer a client to a real estate agent, can I receive a referral fee?
If you do not hold a real estate license in North Carolina, you cannot receive a referral fee for referring a client to a real estate broker.