Real Estate Commission Rates by Market and Transaction Value

Total Commission Rates by Market

Buyer’s Agent Commission Rates by Market

Seller’s Agent Commission Rates by Market

Results are from n=2115 survey respondents across 14 Core-Based Statistical Areas (CBSAs). Transactions randomly sampled are from February to July 2024, before the NAR settlement took effect. Commission rates are as a fraction of transaction value. The sampling methodology involved taking a 5% random sample from February to June and a 15% random sample in July, with 1 random transaction per agent kept. Results are weighted by four categories of transaction size (<$250k, $250k-500k, $500k-750k, over $750k) to ensure sample representativeness with respect to the transaction size distribution in each CBSA. The second working paper referenced below contains more information about the survey methodology. Please feel free to contact us with any questions.

If you use the data on this site for academic purposes, please cite both of the following working papers:

1. Duarte, Jefferson, and David Zhang. 2024. “The Economic Effects of the 2024 NAR Settlement.” Working paper.
2. Zhang, David. 2024. “The 2024-2025 Rice University Real Estate Commission Survey.” Working paper.

If you use the data on this site for other purposes, such as to publish in personal/business webpages or for media purposes, please cite the Rice University Real Estate Commission Survey as the source and link back to this page.