Realtor Fees & Closing Costs in Florida

If you’re selling or buying a home in Miami-Dade or Broward County, it’s important to understand realtor fees and closing costs, since both directly impact your net proceeds.

Realtor Fees (Commissions)

Realtor fees are negotiated upfront in the listing agreement and paid at closing from the sale proceeds.

In most cases, the seller pays the total commission, which is typically shared between the listing agent and the buyer’s agent. Any additional broker or transaction fees must be disclosed in advance.

Who Pays Realtor Fees?

In most local transactions, the seller pays the agreed-upon realtor fees at closing. These costs should be considered when pricing your home.

Buyer Broker Agreement (Effective August 2024)

As of August 2024, all NAR-affiliated agents must use a Buyer Broker Agreement before showing homes. This agreement clearly outlines the buyer agent’s services and compensation.

Sellers may still offer compensation to buyer agents, but all terms are now documented upfront for greater transparency.

Additional Seller Closing Costs

Beyond realtor fees, sellers typically pay 1%–2% of the sales price in closing costs, which may include:

• Title and lien searches

• Recording fees

• Prorated property taxes

What other fees do sellers pay in Florida?

Florida requires sellers to pay a documentary stamp tax when transferring ownership:

• $0.70 per $100 of the sales price statewide

Example: A $400,000 property = ($400,000 / 100 * $0.70 = $2,800.

Who Pays Closing Costs?

Both buyers and sellers pay their own closing costs.

• Sellers: ownership transfer costs

• Buyers: lender-related fees such as appraisals and loan charges

Understanding these costs early helps sellers price strategically, plan confidently, and avoid surprises at closing.