How much will the agent charge? Most real estate agents set their commissions at approximately 5-6 of the sales price of the property. However, some agents may be willing to negotiate a lower commission rate, especially if you agree on a lesser level of services. You will pay the commission out of the sales price.
For example, if your property sells for $400,000, youd pay your real estate agent $24,000 at the 6 commission rate. In most cases, your agent will split the commission evenly with the buyers agent which is no additional cost to you. How will the agent market your property in the limited time le before the foreclosure sale?