Are Realtor fees included in closing costs?

If you're planning to buy or sell a home, you may have heard about closing costs. Closing costs are fees associated with the purchase or sale of a home that are typically paid at closing. One question that often comes up is whether realtor fees are included in closing costs. Here's what you need to know.
Realtor fees are not typically included in closing costs. Realtor fees, also known as commission, are paid by the seller of the home, not the buyer. The amount of the commission is usually a percentage of the sale price of the home and is negotiated between the seller and their real estate agent.
While realtor fees are not typically included in closing costs, there are other fees that may be. Some common closing costs include:

1. Loan origination fees: These fees are charged by the lender to cover the cost of processing and underwriting the loan.
   
2. Appraisal fees: An appraisal is typically required by the lender to determine the value of the home. The cost of the appraisal is usually paid by the buyer.
   
3. Title search and title insurance: These fees are charged to ensure that the title to the property is clear and that there are no outstanding liens or claims against the property.
   
4. Home inspection fees: A home inspection is typically required by the buyer to identify any issues with the property. The cost of the home inspection is usually paid by the buyer.
   
5. Recording fees: These fees are charged by the government to record the transfer of ownership of the property.
   

It's important to note that the exact closing costs can vary depending on a variety of factors, including the location of the property, the type of loan, and the specific terms of the sale.
If you're a seller, it's important to factor in realtor fees when determining your asking price for the home. If you're a buyer, it's important to budget for closing costs in addition to your down payment and other expenses associated with buying a home.
In summary, realtor fees are not typically included in closing costs. If you have questions about the specific fees associated with buying or selling a home, it's always a good idea to consult with a local real estate professional who can provide guidance and advice.