How are Realtor Commissions Calculated in Home Buying and Selling Transactions?

It is important for both buyers and sellers to have information on how real estate agent commissions are calculated in house purchase and sale transactions. According to the practice in Turkey, real estate agent commissions are charged as 2% + VAT from the buyer and 2% + VAT from the seller.

These rates are calculated on the transaction value. For example, in the sale of a house worth 4 million TL, the 2% commission from both parties is equal to 80 thousand TL separately. To this amount, the legally determined Value Added Tax (VAT) is added to arrive at the total payment amount.

Commission rates are set as the industry standard and are the equivalent of real estate agent services in the buying and selling process. These fees cover many services such as making a correct and fair agreement between the parties, managing the negotiation process and completing the legal procedures completely.

It is always a great advantage to work with a professional real estate consultant to have a healthy transaction process in the real estate sector and to make decisions based on the right information. Clarifying commission rates and payment terms during real estate transactions increases trust between the parties and facilitates the process.