📊 The data:
Our December 2023 survey of local agents found that the average real estate commission in Oklahoma is 5.95%, which is higher than the national average of 5.49%. Calculate your estimated commission in Oklahoma.
The average total real estate agent commission rate in Oklahoma is 5.95% of the final sale price. Based on the latest median home sale price in Oklahoma ($196,095), that translates to a total cost of roughly $11,668.
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 Oklahoma, the average listing agent fee is 3.05%, while the average buyer’s agent fee is 2.90%.
Real estate agent commissions make up a significant portion of the closing costs for Oklahoma home sellers. But you don't have to pay the full 5.95% to a traditional agent. If you're selling a home in Oklahoma, 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 26% on realtor fees, or about $2,981 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 Oklahoma
|Average listing commission
|Average buyer's agent commission
|Total average commission
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 Oklahoma for listing agents is 3.05% of the final home price and 2.90% for buyer's agents, for a total of 5.95%.
Real estate commission calculator for Oklahoma
Use this commission calculator to estimate how much you'll pay in realtor fees when you sell your home in Oklahoma. Enter an estimate of your home's sale price, and see how much you'll pay at different commission rates.
If you're looking to pinch pennies on realtor commissions, partner with Clever. You'll gain access to a top-notch local listing agent who delivers exceptional service at a lean 1.5% commission rate. Make the clever move to keep more of your home's selling price for yourself.
Who pays realtor fees in Oklahoma?
When you're ready to sell your home in Oklahoma, it's essential to factor in the commission fees for both your listing agent and the buyer's agent. Remember, these aren't fees you'll whip out your checkbook for beforehand. They come off the top when your home sells.
Your listing agent justifies their commission by performing tasks like carefully pricing your home based on the current market and smoothly guiding you through the closing process. The buyer’s agent, meanwhile, secures their fee by finding a buyer who meets your terms and finalizes the purchase without delay.
You can rest easy knowing these commission fees won't tug on your wallet upfront. Much like other closing costs, they're simply deducted from the proceeds of your home's sale once the deal is complete.
Why do sellers pay the buyer's real estate agent commission?
Boost the appeal of your listing in Oklahoma by offering to pay the buyer's agent commission. This strategy positions your home as a standout choice, as it lifts a financial burden from potential buyers – they're already juggling the costs of a down payment and closing efforts.
When you offer a competitive buyer's agent commission, you give agents a compelling reason to showcase your property to buyers. Such an approach may spark a bidding war, increasing the chances of receiving multiple offers. Aim to set your commission offer around 0.5% below the local norm, which hovers at 2.90% in Oklahoma, to really turn heads and draw in motivated agents.
Will the NAR lawsuit change how real estate commission works?
A November 2023 lawsuit found the National Association of Realtors (NAR), Homeservices of America, and Keller Williams Realty guilty of misleading sellers into paying high realtor fees.
The judge agreed with the plaintiffs that sellers should not be on the hook for the buyer's agent commission. It's too early to tell if this decision will change how buyer's agents are paid. We're monitoring the appeal in this case as well as other lawsuits and will keep you updated.
» READ MORE:
How to save on realtor fees in Oklahoma
Commission rates are not set in stone. In fact, we found that while 3.05% is the average listing commission in Oklahoma, rates typically fall between 2.50% and 4.00%. 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
|Buyer's agent commission
|Total commission range
Can I negotiate realtor commission in Oklahoma?
Real estate commission is always negotiable. In Oklahoma, the 10 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 are repeat clients
|Homeowners who also plan to buy with you
|Homeowners with more than one property to sell
|Seller’s situation (e.g. divorce or death in the family)
|Higher property values
|Homes expected to sell quickly
|High competition for clients
|High buyer demand in the area
|Houses in excellent condition
|Highly experienced home sellers
Negotiating realtor fees in Oklahoma depends on two main factors: your situation and the housing market.
|You may have an easier time negotiating low rates if...
|The Oklahoma housing market
As a home seller in Oklahoma, local market trends play a critical role in your sale experience, yet they don't overshadow your individual needs.
High-demand, low-inventory market conditions—which define a seller's market—can make a listing agent's job a bit easier. In such climates, agents might be more open to commission negotiations. However, in a buyer's market where homes take longer to sell, agents tend to stand firm on 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 assess the climate of your market, consider metrics such as:
- Months of inventory
- Sale to list price ratio
- Home value trends
In Oklahoma, indicators of a seller's market can pave the way for successful commission negotiations. Conversely, in a buyer's or balanced market, convincing an agent to cut their rate can be more challenging.
The current state of the Oklahoma real estate market
|Months of inventory
|There's 2.52 months of housing inventory on the market
|Homes are selling for 96.90% of their listing price
|Home values have risen 13.59% year over year
Low commission real estate companies in Oklahoma
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.
Clever Real EstateLearn more
Overview: Clever is the go-to choice for sellers in Oklahoma looking to keep more money in their pocket without forfeiting high-caliber service.
✅ Benefits and features: Clever secures you discounted rates (up to 50%) from non-discount realtors. Plus Clever’s matching service is highly rated and free to use with no obligation.
🏠 How it works: Clever connects you with top local realtors from major brokerages like RE/MAX and Compass. You can compare options to find the best fit and get the special 1.5% listing fee (same as Redfin) no matter who you choose.
- Sell with a traditional agent from a name-brand brokerage (not a discount agent)
- Agents work for up to 50% off their typical rate when you go through Clever
- Most agent selection by far — choose from hundreds of top Oklahoma realtors
- 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)
- 1.5% listing fee ($3,000 minimum) at closing
- 2–3% buyer’s agent commission at closing
Redfin OklahomaLearn more
Overview: Redfin's real estate offerings present a notable opportunity for Oklahoma homeowners to cut down on commission costs when selling their property.
✅ Benefits and features: Redfin's listing fee of 1.5% is a compelling benefit, as it offers substantial savings against the standard 3% commission rate. Homeowners who remain loyal to Redfin for both selling and purchasing within a year reap added financial rewards, with a bonus deduction of 0.5% from the listing fee. Redfin stands out with its expansive network of real estate professionals, surpassing other local discount brokers in the region.
🚩 Potential red flags: Despite the perks, Redfin's business model is steeped in tech-driven processes and a collective approach to customer service, incorporating a lead agent coupled with support from a centralized team. This structure may not resonate with every seller's expectations for personalized interaction. Redfin also charges a minimum commission fee of $2,500 in Oklahoma. If your home sells for $150,000 or less, your commission fee will slightly exceed the advertised 1.5% rate.
- Significant savings on listing fees
- Reputable brand with a solid selection of agents
- Tech-centric approach may appeal to certain sellers
- High-volume, team-centered model may not be the right fit for everyone
- Fewer agents compared to Clever's extensive network
- 1.5% listing fee ($2,500 min. in Oklahoma) at closing
- 2–3% buyer’s agent commission at closing
- 0.5% listing fee refund if you also buy with Redfin within 12 months
*Not enough available data at this time
JMR RealtyLearn More
Overview: JMR Realty is a favorable choice for Oklahoma residents searching for a cost-effective real estate brokerage, boasting a mere 1% listing fee at the time of closing.
✅ Benefits and features: JMR Realty delivers an all-inclusive service portfolio that encompasses an MLS listing, strategic pricing guidance, advice on home staging, expert photography, support during negotiations, and aid through the closing process.
🚩 Potential red flags: The duration of your MLS listing is not spelled out on JMR's website, which could be problematic for sales in sluggish markets. Additionally, gauging JMR Realty's performance relative to other local discount brokers can be challenging due to a scarcity of transactional records and reviews. We advocate for a discussion with a JMR agent to ensure their services align with your needs before making a final decision.
- Competitive 1% listing fee
- Full-service package
- Only operates in Oklahoma City and Edmond
- Unclear listing period for MLS
- Limited exposure and recognition due to smaller scale operation
- 1% listing fee at closing
- 3% buying agent commission at closing
*Not enough data available at this time
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 Oklahoma'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!
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 January 2024
- Sale-to-list ratios: Based on Zillow data as of January 2024 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of January 2024