📊 The data: We polled local agents and found that the average real estate commission in Nevada is 5.36%, which is less than the national average of 5.45%.
For a house sold for $316,102, this rate translates to $16,943 in real estate agent commission costs.
Realtor commission is usually the largest cost that home sellers face, but the upside is that it also represents the biggest potential for savings.
Below, we cover everything you need to know commission costs in Nevada and also give you tips for getting low rates.
How real estate agent commission works in Nevada
There are two real estate agents involved in a typical home sale:
- The seller's agent (also called the listing agent), representing the home seller
- The buyer's agent, who represents the person buying the home
The seller's and buyer's agent get paid a percentage of the home's final price when the sale is finalized. This payment is called real estate agent commission, and is baked into the sale price of a home and split between the two agents.
Based on our research, the average commission split in Nevada has 48.67% of the commission going to the listing agent and 51.33% going to the buyer's agent.
Who pays for real estate commissions?
Home sellers are responsible for paying the real estate commission of both the agent representing them, as well as the agent representing whoever buys their home.
However, since the realtor commission is baked into the sales price you could say that the home buyer is paying — at least in-part — through a higher sales price.
» MORE: Who pays realtor commission.
How to save on real estate commission in Nevada
💰Best ways to save
While there are a number of options for home sellers looking to save on commission, good options for most home sellers include:
Now might be a good time to try negotiating a better rate with your agent if you’re buying or selling in Nevada. Houses are selling well, so agents may be more motivated to work for a reduced fee.
While Nevada’s current real estate market isn’t as hot as neighboring states like California and Utah, prices have risen by almost 6% year-over-year.
Demand seems to be keeping pace with the large inventory of active listings — sellers are getting very close to the listing price for their homes.
Below we cover how you can negotiate lower rates, and list some of our recommendations of low commission real estate companies that you should consider.
Tips for negotiating realtor commission in Nevada
Successfully negotiating commission rates depends mainly on two factors: your situation and the housing market.
You may have an easier time negotiating low rates if...
The Nevada housing market
While the personal factors that affect your ability to negotiate commission rates are unique to you, the local real estate market conditions will affect all home sellers in Nevada.
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 inclined to offer lower commission rates. The opposite is true in a buyer's market.
Months of inventory, is measured by dividing the homes listed for sale in the most recent month by the number of homes actually sold in that month. It is a key indicator of how much supply and demand there is for houses in a market.
Sale-to-list is calculated by dividing the median sale price by the median listing price in a given area. If homes in your area are generally selling for more than their listing price, that is a good indication that you are in a seller's market.
Home values rising in your area indicate that demand is growing. Whereas if this figure is falling, then it's more likely that homes in your area are becoming less desirable.
To judge the current state of the real estate market, you can look at three factors: months of inventory, sale to list price, and home value trends. Below, we've included a current breakdown of these factors in Nevada.
Stats and facts: The current state of the Nevada real estate market
Months of inventory
There's 4.2 months of housing inventory on the market
Homes are selling for 98.80% of their listing price
Home values have risen/fallen 5.98% year over year
Low commission real estate companies in Nevada
Home sellers looking to save money when selling their home should consider a low commission real estate company. To help you out, Clever has picked some of the top discount and flat-fee MLS services across the state:
Discount real estate brokers in Nevada
Discount real estate brokers are companies that will list your home for a reduced commission percentage or flat rate. The catch is that the service might not be on-par with what you'd get from a top local agent.
1% (minimum $3,000)
Clever Cash Back
0.5% on homes over $150,000
Avg. Customer Rating
4.8/5 (386 reviews)
- Clever Real Estate is a nationwide, online concierge and agent matching service for sellers and buyers — learn more
- Buyers and sellers are matched with multiple highly rated agents from major brands, such as Keller Williams, Century 21, Compass, RE/MAX, and more
- Sellers choose a full-service agent and pay a flat, $3,000 fee — or just 1% for homes more than $350,000
- Buyers may be eligible for 0.5% back after closing (in qualifying locations)
Clever has pre-negotiated lower commission rates with top agents in all 50 states, D.C., and Puerto Rico
As of May 20, 2020, Clever's average customer rating is 4.8/5 based on 386 reviews on Trustpilot.
2% ($9,000 min.)
Up to 1-1.5%
Avg. Customer Rating
4.6/5 (536 reviews)
- Sellers get full service (minus MLS access) for a 2% listing fee — $9,000 minimum fee for homes below $450,000
- REX does not post listings on the MLS. Instead, it uses digital advertising to target unrepresented buyers and help you avoid paying a buyer’s agent commission (typically 2-3%)
- This may significantly reduce your pool of prospective buyers (roughly 87% of buyers work with agents), making it harder to attract offers
- Represented buyers must cover their agent's fee themselves, which could hinder their ability or desire to purchase your home
- If you buy a non-REX home with a REX agent, you may qualify for a 1-1.5% commission rebate. If you buy a REX-listed home, you are not eligible for a rebate
|New Jersey||New York||Florida|
As of May 20, 2020, REX Real Estate’s average customer rating is 4.6/5 based on 536 reviews across Zillow, Facebook, and Google. See the breakdown below.
*These reviews are for REX's main California office. Reviews may vary by location. We recommend conducting your own research for customer reviews specific to your area.
Flat-fee MLS listing services Nevada
Flat-fee MLS listing services offer to post your home on your local MLS for a low rate often around $100-300. The trade-off is that you'll have to handle almost the entire home-selling process yourself. If you're a real estate novice, this might not be a good option for you.
Number of Photos
N/A - information not available
- Resolution Realty is a licensed real estate brokerage in Nevada that offers flat-fee MLS listing services.
- No upfront fees — you only pay if and when your home sells while it's listed with Resolution Realty
- Provides home value analysis to help you determine the correct listing price for your home
- No fee for canceling your listing
- HD photography of your home's exterior included with basic package
$995 - Economy
- MLS listing syndicated across Realtor.com, Zillow, Trulia, Redfin, and more
- In-home listing consultation
- Professional HD photography of your home's exterior
- Help with all paperwork for the offer, escrow and the transaction
- Yard sign and digital brochure
$2,995 - Premier
- Same as Economy package, plus:
- 35 HD photos from professional photographer
- Professional virtual tour of your home
- Direct marketing to Resolution Realty's proprietary database of 10,000 buyers
- Social media and direct mail marketing
- Electronic lockbox
- Two open houses per month
- Relocation rental assistance
$3,995 - Platinum
- Same as Premier package, plus:
- Custom website showcasing your home
- Direct e-marketing flyer sent to 20,000 realtors and lenders
- Discount escrow fees
- Reduced commission on double-ended sales
Note: With all of Resolution Realty's packages, you are charged when your home sells — there are no upfront costs.
- No upfront costs — you only pay when your home sells
- Professional photography included with base package
- Home valuation (CMA) included with MLS listing service
- Help with paperwork regarding offers, escrow and other parts of the home sale transaction
- No budget listing options — base package is $995
As of August 11, 2020, Resolution Realty has an average rating of 4.82/5 based on 687 reviews across Google, Zillow, and Yelp.
Number of Photos
- Vegas Flat Fee is a flat-fee MLS service operated by Executive Realty Services, a licensed real estate brokerage in Nevada
- You set buyer’s agent commission (Vegas Flat Fee recommends 2.5-3%) — no buyer’s agent commission if you find your own unrepresented buyer
- Home valuation available
- Unlimited changes to MLS listing (typically go live within 24 hours)
- Additional transaction/compliance fee due at closing
- Cancel your listing anytime — refund if cancellation occurs prior to listing going live on MLS
|$999 + $495 at closing - Silver Package||$2,299 + $795 at closing - Gold Package|
Rental Package for rental properties can be purchased for $499. A-la-carte services available for purchase include professional photos, broker support, and an additional 6 months to listing.
- Home valuation included in base package
- Unlimited changes to MLS listing
- Built-in review of contracts, offers, counteroffers, and addendums
- No budget option — entry level package is pricy
- Additional $495-$795 transaction/compliance fee at close of escrow
- If Executive Realty Suites finds a buyer for you, they reserve the right to represent them and collect 2.5-3% buyer’s agent commission, also known as dual agency (potential conflict of interest)
As of August 10, 2020, Vegas Flat Fee has an average rating of 5/5 based on 28 reviews across Facebook and Realtor.com.
» MORE: About flat-fee MLS services.
Data on commission rates is based on a survey of 554 of our partner agents, in which we asked them to indicate the typical rates for both buyer's and seller's agents in their area. Due to data limitations, Nevada commission figures were inferred from regional averages.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of September, 2020
- Sale prices and sale-to-list ratios: Based on Redfin data as of September, 2020 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of September, 2020