MICHELS REALTORS

Real estate agents make money by representing both buyers and sellers in a transaction. Their fees vary greatly depending on the market and the area, but they typically range from 5% to 6%. Listed properties in Los Angeles generally receive a 5% commission. Some agents are willing to work for free, or at a reduced rate. This is called dual agency. While it may seem like a big deal, dual agencies are not legal in all states.