How Do Real Estate Commissions Work for Bayside, NY Sellers?

If you’re thinking about selling your home in Bayside, NY, one of the first questions that comes up is: “How do real estate commissions actually work?” Between the recent NAR settlement and changes in how compensation is handled, many sellers are confused about who pays what and why. The truth is simple — commissions are negotiable, transparent, and structured to align your agent’s success with yours.

Understanding Real Estate Commissions

A real estate commission is the fee paid to the real estate professionals who help sell your home.
Traditionally, this commission covers both the listing agent (who represents you, the seller) and the buyer’s agent (who brings the buyer).

The fee is typically a percentage of the final sale price — most commonly around 5–6% — but it’s fully negotiable.

Who Pays the Commission?

Historically, sellers have paid the commission for both agents out of their sale proceeds.
However, following the 2024 NAR settlement, the rules have changed to make things more transparent and flexible:

• Sellers are no longer required to offer compensation to the buyer’s agent.

• Commissions are now fully negotiable and must be clearly agreed to in writing.

• If the seller chooses not to offer buyer-agent compensation, the buyer can pay their agent directly.

In Bayside, most sellers still choose to offer compensation because it helps attract more qualified buyers — especially in competitive price ranges.

What the Commission Covers

The commission doesn’t just cover the agent’s time. It funds a full suite of professional services designed to sell your home faster and for more money.

Here’s what Eric Berman REALTOR’s commission typically includes:

• Comprehensive pricing strategy using Compass data and MLS analytics

• Professional photography, videography, and staging guidance

• Custom marketing campaigns across Zillow, StreetEasy, and social media

• Open houses and private showings managed by experienced team members

• Offer review, negotiation, and contract management

• Coordination with attorneys, inspectors, and appraisers through closing

Essentially, your agent invests upfront in marketing and expertise — only earning compensation when your home sells successfully.

How Commissions Are Split

The total commission is typically divided between the listing brokerage and the buyer’s brokerage.

For example, on a $1,000,000 home with a 5% commission ($50,000):

• The listing agent’s brokerage might receive 2.5% ($25,000).

• The buyer’s agent’s brokerage might receive 2.5% ($25,000).

Each brokerage then pays its agents based on their internal agreements.

This ensures both sides are motivated to make the transaction smooth, efficient, and successful.

Are Commissions Negotiable?

Yes — always.

Your listing agreement will clearly outline the commission amount and structure. Eric Berman REALTOR believes in transparent, flexible compensation tailored to your property’s value, marketing needs, and current Bayside market conditions.

The focus is always on maximizing your net proceeds — not just minimizing costs.

Why the Right Agent Is Worth the Fee

The difference between a skilled agent and an average one can easily exceed the commission amount.
For example, an expert negotiator can often add tens of thousands in value by:

• Pricing strategically to drive multiple offers

• Preventing costly concessions post-inspection

• Protecting your interests during appraisal and closing

In Bayside, where competition and buyer expectations are high, experience and local knowledge pay off — literally.

How the NAR Settlement Affects You

Under the new guidelines:

• Compensation terms must be clearly disclosed and agreed to in writing.

• Buyer’s agents must have representation agreements with their clients.

• Commissions are no longer displayed on the MLS.

This shift gives sellers more control — but also makes working with an agent who understands compliance and communication more critical than ever.

Eric Berman REALTOR ensures all listings meet these new standards while keeping sellers protected and informed every step of the way.

Final Thoughts

So, how do real estate commissions work for Bayside, NY sellers?
They’re simply the agreed-upon cost of professional representation — flexible, transparent, and performance-based.

With Eric Berman REALTOR and Compass, you’ll get expert guidance, full-service marketing, and trusted negotiation experience — all designed to help you net the highest return possible.

People also ask

• How are real estate commissions changing after the NAR settlement?

• Can Bayside sellers negotiate the agent commission before listing?

• Do I have to pay the buyer’s agent if I sell my home in New York?

• What services are included in a standard Bayside listing agreement?

• How do I know if my real estate agent’s commission is fair?