How much is the typical commission on land sales?

The typical commission on land sales varies from 5-10%, depending on the property's price, desirability, and usage. In many cases, agents charge the same rates on vacant land as other properties, which means broker fees will often be comparable to the average commission rate in your state.

How can you save money on broker fees for land sales?

To save money on broker fees for land sales, you can try to negotiate a lower commission rate or list your property for sale by owner (FSBO). However, the best (and easiest!) option is to work with a discount real estate company that provides the full support of a traditional agent for a fraction of the cost. Find the top discount real estate brokerages.

Steve Nicastro

Managing Editor

Steve Nicastro is a Managing Editor at Clever Real Estate, the nation's leading real estate education platform for home buyers, sellers, and investors. Prior to joining Clever, Steve helped buyers and sellers navigate a challenging real estate market in Charleston, S.C., closing $6 million in transaction volume for 2020 and 2021.

Over his career, Steve has bought and sold over 30 homes with a total value exceeding $8 million. This includes 20 homes as a realtor, 7 as an investor, and 3 as a primary homeowner and for sale by owner (FSBO) seller. Steve successfully used a local flat fee MLS service to get the FSBO properties marketed online, saving on commission costs.

Steve also worked as a personal finance writer for NerdWallet for over 6 years. His work has been published at USA Today, The Associated Press, U.S. News, and the New York Times, among other online publications.

Expertise: Real estate commission, selling a house without a realtor, buying a home, real estate investing.

Education: Quinnipiac University

Credentials: Full-time, licensed real estate agent in the Charleston, S.C. market from 2019-22. Active real estate investor in North and South Carolina.

External interviews and quotes:

Yahoo Finance: Discussing the NAR settlement
US News: What the $2 Billion NAR Lawsuit Means for Homebuyers and Sellers
Consumer Affairs: Zillow Launches 1% Down Mortgage
The Mortgage Reports: Is an Assumable Home Loan Right for You? Q&A

Find more from Steve:

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