How commission works | Save on commission | Arkansas housing market | Best low commission companies | Methodology
📊 The data:
We surveyed local agents and found that the average real estate commission in Arkansas is 5.44%, which is higher than the national average of 5.37%.
To sell a house in Arkansas worth $177,226 — the median home value in Arkansas — you’ll pay about $9,641 in realtor fees.
Realtor commission is usually the largest cost you'll face when selling your home — but you don't have to pay the full 5.44%.
Clever Real Estate could help you save thousands on commission by pre-negotiating 1.5% listing fees with full-service Arkansas realtors from top brokerages.
On that same $177,226 home — you'd pay just $7,800, up to 19% less than paying average rates.
» SAVE: Sell with Clever for 1% listing fees and save thousands in commission!
How real estate agent commission works
Average listing commission | 2.72% |
Average buyer's agent commission | 2.72% |
Total average commission | 5.44% |
There are usually two real estate agents involved in a home sale:
- The seller's agent (also called the listing agent), who represents the home seller
- The buyer's agent, who represents the person buying the home
Based on our research, the average commission rate for listing agents is 2.72% of the final home price and 2.72% for buyer's agents, for a total of 5.44%.
» LEARN: How do real estate commissions work?
Who pays realtor fees in Arkansas?
In Arkansas, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal. Offering to pay for the buyer's agent's commission is an incentive for agents to show your home to their clients.
If you'd like to save on commissions, Clever can connect you with a top listing agent in your area. You'll pay just 1.5%, keeping more money in your pocket at the end of your sale.
How to save on realtor fees in Arkansas
Commission rates are not set in stone. In fact, we found that while 5.44% is the average in Arkansas, rates typically fall between 4.71% and 6.17%. You can save money by negotiating a lower rate with your listing agent or by working with brokerage that has a discounted commission model.
Listing commission range | 2.35%– 3.08% |
Buyer's agent commission | 2.36%– 3.09% |
Total commission range | 4.71%– 6.17% |
Tips for negotiating realtor commission in Arkansas
Whether you’re selling a rustic cabin in the Ozarks, an ultramodern condo in downtown Little Rock, or a historic Victorian in Fayetteville, you can almost always negotiate a lower commission rate on your home sale!
Negotiating a lower realtor percentage in Arkansas depends on two main factors: your situation and the housing market.
Factor | You may have an easier time negotiating low rates if... |
|---|---|
Your situation |
|
The Arkansas housing market |
|
While your personal situation will obviously vary, Arkansas real estate market conditions will affect all home sellers in your area.
In general, in a seller's market — where home sellers have more leverage than buyers — a listing agent's job is easier and they may be more willing to lower their commission rates. The opposite is usually true in a buyer's market.
» LEARN: Find our top tips for negotiating lower commission fees
To judge the current state of your real estate market, look at these three factors:
- Months of inventory ⓘ
- Sale to list price ⓘ
- Home value trends ⓘ
If every factor points to Arkansas being a seller's market, then you may be in a good position to negotiate a lower commission rate with your agent. If market conditions are mixed or favor buyers, it may be more challenging to persuade your realtor to accept a cheaper fee.
The current state of the Arkansas real estate market
Factor | Trends | Indication |
|---|---|---|
Months of inventory | There's 1.8 months of housing inventory on the market | Seller's market |
Sale-to-list ratio | Homes are selling for 97.63% of their listing price | Buyer's market |
Home values | Home values have risen 30.16% year over year | Seller's market |
Low commission real estate companies in Arkansas
Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.
These are some of the top discount and flat-fee MLS services in Arkansas.
The top discount real estate companies in Arkansas
Discount real estate companies typically offer full-service support for a reduced commission percentage or flat rate. How they create those discounts will depend on the company's model, with some creating more risks and trade-offs than others.
Clever Real Estate
Get Started💲 Listing Fee
1.5% (min. $3,000)
💰 Avg. Savings
$5,625
⭐ Avg. Customer Rating
4.9/5 (1,995 reviews)
Clever is a quick, easy, and free way to find a top-rated local agent. And, unlike many similar companies, Clever pre-negotiates big discounts on your behalf, so you can save thousands without sacrificing on service.
- Clever offers a free, nationwide agent-matching service that partners with full-service local agents from conventional brokerages like Keller Williams, Century 21, and RE/MAX.
- You get multiple agent matches so you can interview, compare marketing plans, and choose the best fit.
- Clever pre-negotiates low rates on your behalf — you get full service for a low 1.5% listing fee.
- If you buy with Clever, you could get cash back after closing.
- You may not get matched with an agent from your preferred real estate brokerage.
- Agents may not provide premium services like drone photography and professional home staging.
Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,844 reviews.
Clever has pre-negotiated low commission rates with top agents in all 50 states and Washington, DC.
Redfin
Full Review💲 Listing Fee
1.5% (min. fees vary)
💰 Avg. Savings
$5,550
⭐ Avg. Customer Rating
3.7/5 (301 reviews)
Redfin offers real savings and is a proven brand. But sellers could compromise on service — especially agent experience and availability.
- If you buy and sell with Redfin, you'll get a 0.5% listing fee discount.
- Redfin gives its listings premium placement in its popular home search app.
- If finding the right agent is a top priority, you'll have limited options — Redfin only has a few agents in each of its markets.
- Redfin agents handle more customers at once than the average realtor, so they may not be able to provide as much personalized service.
Redfin has a 3.7 out of 5 rating (301 reviews) across popular review sites like Google and Yelp.
Redfin is available in 80+ U.S. markets (see all locations).
» LEARN: How do discount real estate brokers offer lower fees?
The top flat fee MLS listing services in Arkansas
Flat fee MLS services list your home on your local MLS for a low fee, often around $199–$750. The trade-off is that you'll have to handle almost the entire home-selling process yourself.
Flat Fee Realty Northwest Arkansas
Flat Fee Realty Northwest ArkansasBest For
Inexperienced sellers looking for a-la-carte marketing options.
Price Range
$299
Pros:
- Offers services for various property types.
Cons:
- Key benefits aren't listed upfront, you have to sign up.
Small Fee Realty, LLC.
Small Fee RealtyBest For
Sellers who anticipate their home selling quickly.
Price Range
$375-750
Pros:
- Includes a 1% listing commission package with no upfront fee.
- Payment options are available for the premium package.
- Provides the option for a realtor to handle showings for your home or to do it yourself.
Cons:
- Seller representation fee of 0.75% is due at closing.
» MORE: What you need to know about flat fee MLS services.
Learn more
There’s a reason that Arkansas is nicknamed the Natural State. It boasts the Ozark and Ouachita mountains, along with countless lakes, waterfalls, and rivers, making it one of the most outdoors-minded states in America. It also boasts the third-cheapest cost of living in the country, so your dollar will go far in Arkansas.
Housing costs are affordable in Arkansas, with median home prices among the cheapest in the U.S. But that doesn’t mean the housing market isn’t doing well. In fact, the Arkansas real estate market has appreciated at a faster pace, over the last several years, than the national real estate market. And with a very strong rental market, and low inventory, it’s a great place to invest in property.
Want a lower commission rate on your Arkansas home sale? Clever has pre-negotiated low rates of only 1.5%, and Clever only works with top Arkansas agents. Contact Clever today to get started on your commission savings!
Methodology
We gathered our commission rate data from a survey of 630 of our partner agents. The survey asked about standard local rates for both listing and buying agents.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of January 2023
- Sale prices and sale-to-list ratios: Based on Redfin data as of February 2023 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of February 2023