Real Estate Commission Calculator — Chesapeake, VA
Median home price in Chesapeake: $335,000 · Typical commission: 5% · Updated 2025
Total Commission
$16,750
Listing Agent Gets
$5,863
Buyer's Agent Gets
$5,863
Seller's Net
$318,250
Real Estate Commission Rates in Chesapeake, Virginia
The typical total real estate commission in Chesapeake is 5% of the sale price, based on current market data for Virginia. On the median Chesapeake home price of $335,000, that works out to $16,750 in total agent fees.
Following the 2024 NAR settlement, buyer's agent compensation is now negotiated separately in Virginia. Most transactions still split the commission 50/50 between listing and buyer agents, but this is no longer required. Sellers in Chesapeake have more flexibility than ever to offer lower buyer concessions.
How Commission Splits Work in Chesapeake
- Listing agent typically receives $8,375 (2.5% of sale price)
- Buyer's agent typically receives $8,375 (if seller offers full split)
- Agent keeps ~70% after broker split: ~$5,863 per side
- Seller nets approximately $318,250 on a $335,000 sale
Tips for Negotiating Commission in Chesapeake
- List at a higher price point — agents on $600,000+ homes often accept 2–2.5% listing side
- Compare multiple agents — commission rates in Virginia vary by 0.5–1% between agents
- Use a flat-fee MLS service — pay $300–$500 for MLS listing, offer buyer agent 2.5%
- Ask about a reduced rate on a simultaneous buy/sell — agents may discount if you're both buying and selling
Frequently Asked Questions
What is the average real estate commission in Chesapeake, VA?
The average total commission in Chesapeake is approximately 5%, slightly at or above the national average of 5.0–5.4% following the NAR settlement.
How much does a real estate agent make on a home sale in Chesapeake?
On the median Chesapeake home price of $335,000, a listing agent earns roughly $8,375 before broker split. After a typical 70/30 agent-broker split, the agent takes home approximately $5,863.
Do sellers have to pay the buyer's agent in Chesapeake?
No. Since August 2024, sellers in Virginia are no longer required to offer buyer agent compensation through the MLS. Many still do to attract buyers, but it's now fully negotiable.