The following chart shows a breakdown of the Buyer and Seller closing costs in a typical home purchase transaction.

• Some costs may not be applicable to some transactions
• Buyer and Seller each pay their own fees
• Seller may give Buyer a credit towards some of the closing costs (per purchase contract agreement)

Notes:

1) Sample fees are based on a purchase price of $500,000

2) City/County transfer taxes are based on Los Angeles City/County rates

3) In a typical transaction where the property is listed in the MLS, the seller covers all real estate commissions.

In transactions where buyer wishes to purchase a home from a For Sale By Owner but would like to be represented by his/her Exclusive Buyer's agent, then buyer would be responsible for paying the fee and a Buyer/Broker agreement would be executed.