When you engage a real estate agent to help you buy a property, they earn a commission for their efforts. This commission, called the buyer’s agent fee, is typically 2% to 3% of the property’s sale price or half of the total commission. The seller’s agent receives the other half of the commission.

While there is no fixed industry standard for buyer’s agent fees, they typically range from 2% to 3% of the home’s purchase price. Buyer’s agent fees are typically split between the listing and buyer agency.