Understanding Real Estate Commissions and Fees in Michigan

April 24, 2025 - 04:10

When hiring a real estate agent in Michigan, it's important to know what you're paying for and what services you can expect in return. Typically, real estate commissions in the state range from 5% to 6% of the final sale price of a home, although this can vary based on the agreement between the seller and the agent.

This commission is generally split between the seller's and buyer's agents, incentivizing both parties to work diligently. In addition to the commission, buyers and sellers should also consider other fees that may arise during the transaction. These can include inspection fees, appraisal costs, and closing costs, which can add up significantly.

Understanding these fees and the services provided by an agent can help you make informed decisions. A knowledgeable agent not only assists in pricing and marketing the property but also navigates the complexities of real estate transactions, ensuring a smoother experience for their clients.