The commission of a traditional agency or broker.

When you buy or sell your house, it’s very likely you’ll work with a real estate agent. It’s also important to know what commissions they charge for their services and who has to pay certain expenses.

A traditional agency can change a commission of between 5 and 7.5% of the sale price, and represent both the seller and the buyer, acting as an intermediary. The commission is normally paid when the keys are handed over at the notary’s office.

The commission of a modern agency, using the multiple listing service (MLS)

The person selling the house pays both their own real estate agent’s fees and the buyer’s estate agent’s fees. The total commission is around 5 to 6%, and normally it’s paid when you close the sale or sign the contract of sale, paying half to the seller’s agent and half to the buyer’s agent. An agent can represent both the buyer and the seller. On the Costa del Sol, buyers don’t pay any commission, only the purchase costs: real estate transfer tax, notary’s fees and land registry fees.

If your real estate agent requires you to sign a contract, be sure to read it carefully, and take into consider you’ll have to pay VAT on the commission and all the other costs that the seller must pay, such as municipal capital gains tax.

Save with 1MAST

When you sell with 1MAST, when you get an offer you won’t have to negotiate the commission. We’re totally transparent and charge all our clients the same commission: 1%,* and we’ll never charge you for services such as professional photographs, 3D videos, or digital marketing, and we only charge if we sell your property.

Our clients get more money when they sell their houses: on average, €3,000 more than if they sell with a traditional agency. **

*There’s a minimum commission.

**The estimated saving has been calculated on a commission of 5% that can vary depending on the market.