How commission works | Commission calculator | Best ways to save | Methodology
📊 The data:
Our December 2023 survey of local agents found that the average real estate commission in Nevada is 5.80%, which is higher than the national average of 5.49%. Calculate your estimated commission in Nevada.
The average total real estate agent commission rate in Nevada is 5.80% of the final sale price. Based on the latest median home sale price in Nevada ($426,267), that translates to a total cost of roughly $24,723.
Home sellers typically cover the total commission fee from their sale proceeds, which is split between the listing and buyer’s agents who handle the sale. In Nevada, the average listing agent fee is 2.90%, while the average buyer’s agent fee is 2.90%.
Real estate agent commissions make up a significant portion of the closing costs for Nevada home sellers. But you don't have to pay the full 5.80% to a traditional agent. If you're selling a home in Nevada, you can use a discount broker to save on realtor fees. In fact, depending on your situation and the agents you work with, you could save 33% on realtor fees, or about $8,099 on average.
⚡ Find top agents and save: Answer these five simple questions to get matched with the best local agents offering reduced commission rates. Compare agents from top brokerages like Keller Williams and RE/MAX, and get a discounted rate through Clever’s partner network.
How real estate commission works in Nevada
| Average listing commission | 2.90% |
| Average buyer's agent commission | 2.90% |
| Total average commission | 5.80% |
There are usually two real estate agents involved in the real estate transactions of 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 real estate commission paid in Nevada for listing agents is 2.90% of the final home price and 2.90% for buyer's agents, for a total of 5.80%.
» LEARN: How do real estate broker commissions work?
Real estate commission calculator for Nevada
Use this commission calculator to estimate how much you'll pay in realtor fees when you sell your home in Nevada. Enter an estimate of your home's sale price, and see how much you'll pay at different commission rates.
Looking to save on realtor fees? With Clever, you can partner with a leading local listing agent who offers a competitive 1.5% commission rate. By doing so, you'll retain a larger portion of your home's selling price in your pocket.
» SAVE: Sell with Clever for 1.5% listing fees and save thousands in commission!
Who pays realtor fees in Nevada?
When you decide to put your home on the market in Nevada, you'll need to account for the commission fees of both the listing and buyer's agent. These fees are not something you'll pay directly out of pocket. Instead, they deduct from your home's final sale price.
A listing agent earns their commission by providing valuable services such as analyzing the market to price your home correctly and managing the closing process. On the other side, a buyer's agent deserves their commission by delivering a qualified buyer who agrees to the sale terms and completes the purchase on time.
As a seller, you won't have to worry about handling these commission costs as an upfront expense. Similar to closing costs, these agent fees subtract from the total sale proceeds once the transaction finalizes.
Why do sellers pay the buyer's real estate agent commission?
Attract more potential buyers to your listing by offering to cover the buyer's agent commission.
This move makes your home more appealing, as it saves buyers from an additional expense on top of their down payment and closing costs – a financial burden for many.
By presenting a competitive buyer's agent commission, you effectively incentivize real estate agents to actively show your property to their clients. This strategy can lead to multiple offers on your home. Experts suggest setting a commission rate within 0.5% of the local average, which currently stands at 2.90% in Nevada.
Will the NAR lawsuit change how real estate commission works?
On March 15, 2024, the National Association of Realtors agreed to pay $418 million in damages to settle a real estate commission lawsuit the industry group lost in November 2023.
While the full impact of the settlement is yet to be determined, experts believe that the change will eventually lead to lower buyer's agent commissions and give buyers the ability to negotiate those commissions based on the services they need.
The terms of the settlement are scheduled to take effect in mid-July 2024. But, the settlement hasn't been officially approved yet, and it could be delayed or changed by objections. We'll continue to monitor the status of the settlement and the effects it has on the real estate industry.
» READ MORE:
How to save on realtor fees in Nevada
Commission rates are not set in stone. In fact, we found that while 2.90% is the average listing commission in Nevada, rates typically fall between 2.50% and 3.00%. You can save money by negotiating a lower rate with your listing agent or by working with a discount real estate brokerage.
| Listing commission range | 2.50%– 3.00% |
| Buyer's agent commission | 2.50%– 3.00% |
| Total commission range | 5.00%– 6.00% |
» LEARN: What's the commission on a $1 million home?
Can I negotiate realtor commission in Nevada?
Real estate commission is always negotiable. Nationwide, the 630 agents we surveyed said these were their most common reasons for agreeing to lower their commission.
| Would you lower your commission for…? | Agents who answered yes |
|---|---|
| Homeowners who also plan to buy with you | 72% |
| Homeowners who are repeat clients | 70% |
| Homeowners with more than one property to sell | 67% |
| Seller’s situation (e.g. divorce or death in the family) | 48% |
| Higher property values | 47% |
| High competition for clients | 37% |
| Homes expected to sell quickly | 37% |
| Periods of low housing inventory | 23% |
| High buyer demand in the area | 22% |
| Houses in excellent condition | 19% |
| Highly experienced home sellers | 13% |
Negotiating realtor fees in Nevada 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 Nevada housing market |
|
As a seller in Nevada, your circumstances are unique, but broader real estate trends in your state still impact you and your fellow local sellers.
In environments where homes sell quickly due to high demand and low supply—a seller's market—listing agents might find their work somewhat simplified. In these conditions, agents are often more willing to consider reducing their commissions. Conversely, when the market favors buyers and homes linger longer on the market, agents may be less inclined to lower their fees.
Not comfortable negotiating with a realtor? Avoid the awkward conversation and let Clever pre-negotiate a lower rate with a top agent for you.
To evaluate your market, look at:
- Months of inventory
- Sale to list price ratio
- Home value trends
If Nevada shows signs of a seller's market, you may readily negotiate a lower commission. But in a buyer's or balanced market, getting an agent to accept a cheaper rate may prove harder.
The current state of the Nevada real estate market
| Factor | Trends | Indication |
|---|---|---|
| Months of inventory | There's 1.51 months of housing inventory on the market | Seller's market |
| Sale-to-list ratio | Homes are selling for 98.40% of their listing price | Seller's market |
| Home values | Home values have fallen 16.29% year over year | Buyer's market |
» LEARN: See state-by-state average commission rates. How does your state compare?
Low commission real estate companies in Nevada
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.
Discount real estate brokers 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.
Listing Fee
Customer Rating
Availability
Overview
Pricing
Reviews
Contact
Overview: Home sellers Nevada searching to economize on real estate commissions while still receiving full-service support should consider Clever as a top option.
✅ Benefits and features: Clever's approach slashes usual realtor fees by half. Its complimentary, no-commitment matching service is also praiseworthy for its efficiency and ease of use.
🏠 How it works: Clever bridges the gap between sellers and elite local real estate professionals from esteemed agencies such as RE/MAX and Compass. It's a platform that permits a thorough comparison to ensure you find an agent who suits your needs, all while you benefit from an exclusive listing fee of just 1.5%—the same rate offered by Redfin—that applies to any agent you select.
Pros
- Hire a traditional agent from a well-known brokerage, not a lesser-known discount agent.
- Agents are incentivized to offer their services at a discount—up to 50% less—when you engage them through Clever.
- Broadest selection of agents—gain access to a multitude of top-tier Warren realtors.
Cons
- No guarantee you’ll be able to work with a specific agent or brokerage you have in mind
- Add-ons like professional staging, drone photos, and 3D tours may cost extra (agents will break down what’s included during their listing presentation)
Listing Fee
Customer Rating
Availability
Overview
Pricing
Reviews
Contact
Overview: Redfin delivers reputable discount brokerage services perfect for property sellers across Nevada looking to economize.
✅ Benefits and features: With a listing fee of just 1.5%, Redfin positions sellers to enjoy substantial savings over the conventional 3% realtor fees. Should you opt to sell your property and purchase your next home through Redfin within a year, you'll reap the additional benefit of shaving another 0.5% off the listing fee. This established company stands out with its extensive network of affordable realtors, surpassing the variety provided by other regional discount brokers.
🚩 Potential red flags: While Redfin's tech-centric and collaborative approach is innovative, it might not mesh with all sellers' expectations. Most of the selling process is conducted online, relying on a specially assigned lead agent in tandem with a capable administrative team. Also noteworthy is Redfin's minimum service fee of $2,000–4,500 in Nevada.
Pros
- Significant savings on listing fees
- Well-established brand with a decent selection of agents
- Appealing tech-forward approach
Cons
- Higher minimum commission fee compared to other options in Nevada
- High-volume, team-centered approach may not align with all sellers
- Limited agent selection compared to Clever
Listing Fee
Availability
Customer Rating
Overview
Pricing
Reviews
Contact
Overview: Las Vegas Real Estate Authority appears to be a competitive choice for home sellers in Las Vegas looking for a full-service experience with discounted commission rates.
✅ Benefits and features: The 1% fee at the close of the sale, with a relatively low minimum of $1,500, sets Las Vegas Real Estate Authority apart as an affordable option. For sellers attentive to out-of-pocket costs, the lack of upfront fees is appealing.
🚩 Potential red flags: With a limited number of reviews and no recent feedback, it's challenging to gauge consistent client satisfaction. Prospective clients should seek more information about service duration and agent experience to make an informed decision.
Pros
- Competitive 1% listing fee for full-service real estate assistance.
- No upfront fees, minimizing risk for sellers.
- Full-service plan includes essential offerings for selling a home efficiently.
Cons
- Unclear duration for the MLS listing period, which could impact overall marketing effectiveness.
- No verified transactions in our dataset, suggesting there is less proof of successful outcomes.
» LEARN: How do discount real estate brokers offer lower fees?
Next steps
Thinking of selling your home but don't know where to start? Here are some next steps.
Start interviewing local agents
Set up some listing appointments, where an agent visits your home to discuss its estimated value, lay out their marketing strategy, and provide a quote for their fee.
Here's why it's smart to sit down with a few agents before signing with one:
It's completely free to meet with agents: There's no obligation or risk on your end. Just keep in mind that the agent is meeting with you to win your business, and will try to sell you on their service.
You can compare pricing and features: Shopping around helps you find the best fit for your specific needs – in terms of fees, experience, and services provided.
Learn more about your market from an expert: Realtors can provide local data, like how much nearby homes are selling for, how fast they sell, and other current market trends.
Learn about the home sales process: An agent can walk you through the sales process from start to finish, and provide tailored advice for marketing your property to home buyers.
To get started, check out our guide on the best ways to find real estate agents — or you can sign up for Clever’s free agent matching service below to connect with top realtors in your area right now (and save on commission).
Clever has pre-negotiated low commission rates of only 1.5%, with Nevada's top agents. Contact Clever today to find out how much you can save on commission!
Clever can connect you with top local agents sell your house for a pre-negotiated low rate: just a 1.5% listing fee when your home sells (half the typical rate!).
You can interview your Clever agent matches, get free pricing estimates, and compare marketing plans — all with no strings attached.
Ready to learn more? Click below to take our simple quiz and see your agent matches!
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. We also asked agents about when and why they're willing to negotiate real estate commissions.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of February 2024
- Sale-to-list ratios: Based on Zillow data as of February 2024 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of March 2024
