What’s the Average Commission Rate When Selling a Home in Port Washington?

What’s the average commission rate when selling a home in Port Washington?
Traditionally, real estate commission rates in Port Washington — and throughout Long Island — have ranged between 5% and 6% of the final sale price. However, following the recent NAR settlement in 2024, the way commissions are handled has changed, giving sellers more flexibility and decision-making power.

How Commission Works

• Listing Agent Commission: Paid to the agent representing the seller.

• Buyer Agent Compensation: Historically, sellers offered compensation to the buyer’s agent through the MLS. Post-settlement, this is no longer required.

• Negotiable Rates: Both listing and buyer agent compensation are now fully negotiable and must be clearly defined in your listing agreement.

Post–NAR Settlement Changes

• Sellers are not required to offer buyer-agent compensation, though some still do to attract a broader pool of buyers.

• Any compensation offered must be negotiated up front and documented in writing.

• Buyers may now pay their agent directly, changing how commissions are split.

This means that while commission rates in Port Washington still average around 5% to 6%, your actual costs depend on how you structure your agreement.

Example on a $1,200,000 Sale

• 6% Commission: $72,000 (split between listing and buyer agents)

• 5% Commission: $60,000

• Negotiated Commission: Could be lower or structured differently depending on the agreement and whether buyer-agent compensation is included.

Why Commission Still Matters

• Marketing Power: Commission often funds professional marketing, photography, and exposure across MLS and major platforms.

• Negotiation Expertise: Experienced agents can help you achieve a higher sale price, often offsetting commission costs.

• Buyer Access: Offering buyer-agent compensation may still increase showings and offers.

How Eric Berman Helps

Eric Berman, REALTOR, works with Port Washington sellers to:

• Explain commission structures clearly

• Help decide whether offering buyer-agent compensation makes sense

• Provide transparent net sheets so you know exactly what you’ll walk away with at closing

Bottom Line: The average commission rate in Port Washington is still between 5% and 6%, but post–NAR settlement, sellers now have more choice in how that compensation is structured. The key is balancing savings with the marketing and negotiation expertise that ensures your home sells for top value.

Thinking about selling? Contact Eric Berman for a personalized net sheet and a commission plan that fits your goals.

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What’s the average commission rate when selling a home in Port Washington? Learn how commissions work post–NAR settlement and how Eric Berman helps sellers maximize value.