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These are an extra 5.12% on average ? and they're nearly always paid by the seller. Who pays closing costs in Maine? Buyers and sellers each pay unique closing costs to finalize a home sale. In Maine, sellers typically pay for the title and closing service fees, transfer taxes, and recording fees at closing.
As per the National Association of REALTORS, 87% of buyers and 90% of sellers use a real estate agent/broker in Maine. In 2020, the average real estate commissions in Maine averaged 5.66%, and Maine real estate agents received 2.83% each.
What Is a Buyers Agent Fee? A buyer's agent fee is the commission fee that the real estate brokerage representing the buyer collects as compensation for completing the transaction. Typically, a buyer's agent fee is between 2% to 3% of the transaction value or half of the total commission.
Realtor Salary in Maine Annual SalaryMonthly PayTop Earners$136,516$11,37675th Percentile$121,000$10,083Average$96,921$8,07625th Percentile$77,000$6,416
Who pays realtor fees in Maine? In Maine, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal. Offering to pay for the buyer's agent's commission is an incentive for agents to show your home to their clients.
In certain situations a licensee may act as an agent for and represent both the buyer and the seller in the same transaction. This is called disclosed dual agency. Both the buyer and the seller must consent to this type of representation in writing.