Realtor Fees in Florida: What You'll Pay in 2026

How Real Estate Commissions Work in Florida

Traditionally, sellers in Florida paid a total commission of 5–6% of the sale price, split between the listing agent and the buyer's agent. This amount was negotiated between the seller and the listing brokerage, with the seller's proceeds covering both agents' fees at closing. This structure changed materially in August 2024 with the NAR settlement.

What Changed After the NAR 2024 Settlement

Effective August 17, 2024, the NAR settlement introduced two key changes affecting all Florida real estate transactions:

• Buyer representation agreements are now required — before a licensed agent can show you homes, you must sign a written buyer representation agreement specifying compensation.
• MLS offer of compensation removed — sellers are no longer required to offer buyer-agent compensation through the MLS. Compensation is now negotiated separately.
• In practice in Miami, many sellers still offer buyer agent compensation as a concession to attract more buyers — but this is now explicitly negotiated rather than assumed.

Typical Commission Rates in South Florida in 2026

In Miami and South Florida's luxury market, commission norms have shifted but not collapsed:

• Listing agent fee: 2.5–3% of sale price, paid by seller
• Buyer agent fee: 2–3% of sale price — increasingly offered as a seller concession, or paid directly by the buyer
• Total transaction cost for sellers: 4.5–6% of sale price is typical for full-service representation
• Discount brokers offering lower commissions exist but typically provide limited marketing and negotiation support

Florida Closing Costs Beyond Commission

Commission is not the only cost at closing. Florida sellers should also budget for:

• Documentary stamp tax (deed): 0.7% of sale price in Miami-Dade County
• Title insurance (owner's policy): varies but typically 0.3–0.5% of sale price
• Title search and settlement fees: $500–$2,000
• Property tax proration
• HOA transfer fees (condos): typically $100–$500
• Attorney fees: optional but advisable, $1,500–$3,500

Are Realtor Fees Negotiable in Florida?

Yes, all commission rates are negotiable. However, lower commission does not mean better value. A top agent who achieves a 2% higher sale price easily offsets a 1% commission discount. When interviewing agents, focus on their track record of sale-to-list ratios and their marketing reach — particularly for international buyer pools where Miami's top agents excel.