Navigating the Arizona housing market involves understanding real estate commissions, whether you’re a buyer or seller. In 2024, new regulations were implemented nationwide to enhance transparency in real estate commission practices, benefiting both clients and agents.
This comprehensive guide delves into real estate commissions in Arizona and their impact on home sales or purchases, catering to first-time buyers and experienced sellers.
Arizona Housing Market Overview
Before delving into real estate commissions, understanding Arizona’s current housing trends is essential:
| Median Home Sale Price | $442,000 |
| Housing Supply | 37,216 (+26.8% YoY) |
| Homes Sold Above List Price | 15.0% (-5.3 pts YoY) |
Insight into Real Estate Commissions in Arizona
Understanding Real Estate Commissions
Real estate commissions are fees paid to agents for facilitating home purchases or sales, typically a percentage of the final sale price disbursed upon closure.
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