How commission works | How to save on commission | The current Oklahoma housing market | The best low commission companies | Methodology
📊 The data: We surveyed local agents and found that the average real estate commission in Oklahoma is 5.89%, which is higher than the national average of 5.50%. |
That means, to sell an average Oklahoma house worth $149,800 you’ll pay about $8,800 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 5.89%.
Selling with a discount real estate company like Clever could help you save thousands on commission. Clever negotiates 1% listing fees with full-service Oklahoma realtors from top brokers.
On that same $149,800 home — you'd pay just $7,400, up to 16% less than paying average rates.
» SAVE: Sell with Clever for 1% listing fees and save thousands in commission!
Below, we cover everything you need to know about Oklahoma real estate commission fees and share tips on how to save more when you sell.
How real estate agent commission works in Oklahoma
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
Both agents earn a percentage of the home's final price when the sale closes. This payment is called real estate agent commission, and it's baked into the sale price when you sell your home.
Based on our research, the average commission split in Oklahoma has 49.8% of the commission going to the listing agent and 50.2% going to the buyer's agent.
» LEARN: How do real estate commissions work?
Who pays realtor fees in Oklahoma?
In Oklahoma, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal.
However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.
» LEARN: Who pays realtor commission?
How to save on real estate commission in Oklahoma
💰 Best ways to save on commission:
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Keep reading to learn how you can negotiate cheaper rates or find low commission companies that negotiate lower realtor fees for you!
Tips for negotiating realtor commission in Oklahoma
Whether you’re selling a family home in Tulsa, a condo in downtown Oklahoma City, or an investment rental in Norman, you can almost always save yourself thousands of dollars by negotiating a lower commission rate.
Negotiating a lower realtor percentage in Oklahoma 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 Oklahoma housing market |
|
While your personal situation will obviously vary, Oklahoma 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 Oklahoma 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 Oklahoma real estate market
Factor | Trends | Indication |
|---|---|---|
Months of inventory | There's 0.6 months of housing inventory on the market | Seller's market |
Sale-to-list ratio | Homes are selling for 99.60% of their listing price | Seller's market |
Home values | Home values have risen 8.4% year over year | Seller's market |
Find a top realtor in Oklahoma
Ready to negotiate with an agent in your area? We looked at the data and found the top Oklahoma agents for you.
» FIND: The best Oklahoma realtors by city
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.
These are some of the top discount and flat-fee MLS services in Oklahoma.
The top discount real estate companies in Oklahoma
Discount real estate companies typically offer full-service support for a reduced commission percentage or flat rate. Like traditional agents, these agents are fully licensed and have met all of the requirements of the Oklahoma real estate commission board.How they create those discounts will depend on the company's model, with some creating more risks and tradeoffs than others.
Clever Real Estate
Learn More💲 Listing Fee
$3,000 or 1%
💰 Avg. Savings
$7,375
⭐ Avg. Customer Rating
4.9/5 (1,004 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.
- Free, nationwide agent-matching service that partners with full-service local agents from conventional brokerages like Keller Williams, Century 21, and RE/MAX
- Provides multiple agent matches so you can interview, compare marketing plans, and choose the best fit
- Pre-negotiates low rates on your behalf — you get full service for a flat $3,000 listing fee, or just 1% if the home sells for more than $350,000
- If you buy with Clever, you could get a check worth up to 0.5% of the home price
- 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.
As of April 2, 2021, Clever has a 4.9 out of 5 rating on Trustpilot, based on 974 reviews.
Clever has pre-negotiated low commission rates with top agents in all 50 states, Puerto Rico, and Washington, DC.
Redfin
Full Review💲 Listing Fee
1.5% (min. fees vary)
💰 Avg. Savings
$5,550
⭐ Avg. Customer Rating
3.2/5 (287 reviews)
Redfin offers real savings and 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 3.2 out of 5 rating (287 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 Oklahoma
Flat-fee MLS services list your home on your local MLS for a low fee, 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, or simply don't have the time to sell your home without a realtor, this might not be a good option.
OK By Owner
OK By OwnerBest For
Sellers who aren't in a rush to sell their home.
Price Range
$0-399
Pros:
- There's no listing duration - every listing is hosted until sold.
- Every listing comes with a basic property report with photos and market statistics - even the completely free listings.
- Premium packages include professional photography and video services in addition to realtor support.
Cons:
- Only the paid packages include contracts, disclosures and mandatory forms.
- Contract review and negotiation assistance always carries additional fees, regardless of the service package purchased.
Trinity Properties
Trinity PropertiesBest For
Sellers who are focused on designing an attractive and marketable listing.
Price Range
$199-399
Pros:
- Seller-hosted open houses can be listed for free at any time, and there's no limit on how many are allowed.
- All listings include at least 36 photos and additional marketing materials to help your home sell quickly.
Cons:
- Trinity Properties does not offer additional a la carte services, such as signpost rental and installation.
- It's unclear what exactly is offered by Trinity's special marketing packages, so you won't necessarily know ahead of time what you're getting.
» MORE: What you need to know about flat-fee MLS services.
Learn more
Oklahoma offers excellent quality of life with a cost of living that’s lower than almost anywhere in the U.S. Led by state capital Oklahoma City, the state’s housing costs are lower than most parts of the country — a statistic that’s even more meaningful when you consider the state’s great job market and low crime rate.
There’s great value to be found in the Oklahoma housing market, where the median home value is still far below the national average, even after a decade of steady appreciation. Even in cosmopolitan Oklahoma City, consistently ranked as one of the most livable cities in America, home values are still extremely affordable. While the Oklahoma market may never see the explosive appreciation of the Bay Area, it’s a very solid market that still offers great value.
Commission can take a big bite out of your profits when it comes to an Oklahoma home sale, but Clever can help you keep that money in your pocket by reducing your commission rate. Clever pre-negotiates low 1% commission for you, or a flat fee of $3,000 if your home sells for less than $350,000, and they partner you with pre-vetted elite agents from Oklahoma. Contact Clever today to find out how to save thousands on commission!
Methodology
Our data on commission rates is based on a survey of 915 of our partner agents, in which we asked for typical rates for both buyer's and seller's agents in their area.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of May 2021
- Sale prices and sale-to-list ratios: Based on Redfin data as of April 2021 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of June 2021