A real estate agent commission is a fee paid to agents for their services in helping to buy or sell a property. Typically, this commission is a percentage of the property's sale price, often ranging from 5% to 6%. This fee is usually split between the buyer's agent and the seller's agent. The commission is generally paid by the seller at the closing of the sale. It is important for both buyers and sellers to understand this cost, as it can impact the overall price of the property and the negotiation process during a real estate transaction.