Average Real Estate Commission in South Carolina

By 

Bailey Peterson

Updated 

February 11th, 2021

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How commission works | Getting low rates | Low commission companies | Methodology

📊 The data: We polled local agents and found that the average real estate commission in South Carolina is 5.79%, which is higher than the national average of 5.45%.

For a house sold for $203,707, this rate translates to $11,795 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.

» MORE: Learn how Clever can help you save on commission.

Below, we cover everything you need to know commission costs in South Carolina and also give you tips for getting low rates.

How real estate agent commission works in South Carolina

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.

» LEARN: More about how real estate commissions work.

Based on our research, the average commission split in South Carolina has 50.66% of the commission going to the listing agent and 49.34% 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 South Carolina

💰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:
  • Negotiating rates with a traditional realtor
  • Working with a low commission real estate company

» MORE: Options for saving on realtor commission

Rising home values and short listing times have made South Carolina an ideal market for sellers.

The average home is listed for just 36.5 days before selling, and the difference between the median listing price and the median sale price is around $4,000, meaning that many sellers are netting close to what they’re asking for their properties.

With such favorable conditions, it’s possible that you’ll be able to negotiate a better deal with your agent. After all, a seller’s market usually means less work for the agent, so a reduced commission makes sense.

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.

With Clever you can save on commission without negotiating… AND work with top agents!

Clever has pre-negotiated low commission rates, with top local agents across the country.

The result is that you can save thousands of dollars when you sell your home, without having to haggle over commission rates!

With a Clever agent, you get full service and only pay a listing commission of $3,000 or 1%.

Tips for negotiating realtor commission in South Carolina

Successfully negotiating commission rates depends mainly on two factors: your situation and the housing market.

Factor
You may have an easier time negotiating low rates if...
Your situation
  • You're selling a high-value home
  • You have a personal relationship with a realtor
  • You can offer a realtor repeat business
The South Carolina housing market
  • Homes are selling quickly
  • There are relatively few homes listed for sale
  • Home values are rising

» LEARN: How you can negotiate lower commission rates.

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 South Carolina.

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.

📖Definitions

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 South Carolina.

Stats and facts: The current state of the South Carolina real estate market

Factor
Trends
Indication
Months of inventory
There's 1.2 months of housing inventory on the market
Seller's market
Sale-to-list price
Homes are selling for 98.40% of their listing price
Seller's market
Home value
Home values have risen/fallen 5.54% year over year
Seller's market

Low commission real estate companies in South Carolina

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 South Carolina

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.

Listing Fee

1% (minimum $3,000)

Clever Cash Back

0.5% on homes over $150,000

Avg. Customer Rating

4.8/5 (386 reviews)

Description
Locations
Pros & Cons
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

Pros
  • Listing fee of $3,000 (or 1% on homes >$350K) for a full-service agent
  • Sellers only pay once their home is sold
  • Partner Agents are top, local realtors with at least 5 years experience
  • Agent matches are customized and based on your specific situation
  • Eligible buyers receive 0.5% in Clever Cash Back
Cons
  • Sellers may not be matched with an agent from their preferred brokerage
  • While homes are listed on the MLS, there's no independent Clever listing site.







As of May 20, 2020, Clever's average customer rating is 4.8/5 based on 386 reviews on Trustpilot.

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Listing Fee

$3,500

Buyer Rebate

N/A

Avg. Customer Rating

4.3/5 (115 reviews)

Description
Locations
Pros & Cons
Reviews
  • Redefy is a multi-state real estate franchise that offers flat-fee listing services for home sellers and standard services for home buyers
  • Redefy is currently available in select cities in Colorado, Florida, Georgia, Illinois, North Carolina, South Carolina, Tennessee, Texas, and Virginia
  • When you sell with Redefy, you'll pay a nonrefundable $500 fee up front, then $3,000 at closing, for a total fee of $3,500.
  • You should also expect to pay a buyer's agent commission. Rates vary, but 2.5-3% is typical nationwide
  • When you buy with Redefy, you'll get full service and support, but unlike some other discount services, Redefy doesn't offer built-in savings or rebates
  • Note: Each Redefy office is an individual franchisee, so experiences may vary considerably by location. Look up reviews specific to your local office for an accurate gauge of customers' experiences
Atlanta, GA
Jacksonville, FL
Augusta, GA
Knoxville, TN
Austin, TX
Memphis, TN
Charleston, SC
Miami, FL
Charlotte, NC
Nashville, TN
Chattanooga, TN
Norfolk, VA
Chesapeake, VA
Northern Colorado
Chicago, IL
Orlando, FL
Colorado Springs, CO
Raleigh, NC
Columbia, SC
Richmond, VA
Dallas, TX
Rock Hill, SC
Denver, CO
San Antonio, TX
Fort Mill, SC
Tampa, FL
Greenville, NC
Virginia Beach, VA
Houston, TX

ProsCons
  • Charges $500 non-refundable fee up front
  • Franchise model means service quality and/or experience may vary considerably by location
  • Redefy doesn't do open houses for its sellers
  • Limited availability — locations in only 29 U.S. cities (as of 4/10/2020)
  • No built-in commission rebates for buyers


*Homes valued over $1 million may pay a 1% listing fee — check with your local Redefy office.

As of May 20, 2020, Redefy's third-party reviews for its main Denver office average a 4.3/5 rating across Yelp, Google, and Facebook. See the breakdown below.


*These reviews are for Redefy's main Aurora, CO office. Reviews vary considerably by location. We recommend conducting your own research for customer reviews specific to your area.

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Redfin

Redfin

Listing Fee

1-1.5% (min. fees apply)

Buyer Rebate

Avg. $1,500 (where availabe)

Avg. Customer Rating

3.2/5 (243 reviews)

Description
Locations
Pros & Cons
Reviews
  • Redfin is an online listing portal and multi-state real estate brokerage operating in 80+ markets across the United States
  • Sellers get full service and support from a Redfin agent for a reduced listing fee (rates and minimums vary by location)
  • Redfin agents are salaried. Since they do not work on commission, there is no incentive to get sellers the highest sale price — learn more
  • RedfinNow — Redfin's iBuyer program — makes all-cash offers on qualifying homes in 10 markets for a 7% service fee (but no additional commission)
  • Buyers in select markets might be eligible for a home buyer rebate — learn more
AshevilleHouston*
Orlando
AlbanyIndianapolis
Palm Beach
AtlantaInland Empire*
Palm Springs
Austin*Jacksonville
Philadelphia
Birmingham^Kansas City^
Phoenix
BoiseKnoxville^
Pittsburgh
Boston
Lake Tahoe
Portland, OR^
BuffaloLas Vegas*Raleigh
CharlotteLittle Rock^Rhode Island
ChicagoLos Angeles*Richmond
CincinnatiLouisiana^Sacramento
Cleveland^Louisville^Salt Lake City
ColumbusMarylandSan Antonio*^
ConnecticutMemphis^San Diego*
Dallas*MiamiSan Francisco
DelawareMinneapolisSavannah
Denver*Nashville^Seattle
Des Moines^Nebraska^South Carolina
DetroitNew JerseySouth Texas^
El Paso^New MexicoSpokane
FlagstaffNew York CitySt. Louis^
Fort MyersNortheast VirginiaTampa
Grand RapidsNorthern New EnglandTucson^
Hampton RoadsOklahoma^Washington, D.C.
HawaiiOrange County, CA*Wisconsin^

*Also a RedfinNow location

^No home buyer rebate available

Pros
  • Sellers get full service and support for a discounted rate of 1.5%
  • Rate drops to 1% when you sell and buy with Redfin
  • Access to a variety of online tools and services, including virtual showings, paperwork, closing, and more
  • Commission rebate offered to eligible buyers in select markets
Cons
  • Only available in ~80 U.S. markets
  • Minimum listing fees can result in paying more than advertised 1-1.5% rate
  • Choice of agents is limited to Redfin's in-house team or local partners
  • Local partners don't necessarily adhere to Redfin's discount pricing model

As of May 20, 2020, Redfin's average customer rating is 3.2/5 based on 235 reviews across Yelp, Google, and Consumer Affairs.

*These reviews are for Redfin's Seattle, WA office. Reviews may vary by location.

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» MORE: About discount real estate brokers.

Flat-fee MLS listing services South Carolina

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.

FSBO.com

FSBO.com

Price Range

$399.95

Number of Photos

25

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • FSBO.com is a flat-fee MLS referral service that connects you with licensed brokerage MLSmart Realty, LLC. MLSmart Realty then refers you to a regional South Carolina broker who will list your home on your local MLS for a pre-negotiated rate
  • Set your own buyer’s agent commission (FSBO.com recommends 2-3%)
  • Edit or cancel anytime (may include an additional fee)

$399.95 - South Carolina Flat Fee MLS

  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • 25 MLS photos
  • FSBO.com listing
  • Unlimited photos on FSBO.com
  • Video upload on FSBO.com

Pros

  • Set your own buyer’s agent commission

Cons

  • Only one package to choose from
  • No home valuation included

As of August 12, 2020, FSBO.com has an average rating of 4.9/5 based on 26 reviews on Zillow and an A+ rating with Better Business Bureau.

Note: As a referral service, the reviews and service quality of your local FSBO.com broker may vary. Be sure to research your broker before signing a listing agreement.

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Greenville Realty LLC

Greenville Realty LLC

Price Range

$250-$2,000

Number of Photos

36

Listing Term

6-12 Months

Description
Pricing
Pros & Cons
Reviews
  • Greenville Realty LLC is a licensed, South Carolina real estate brokerage that specializes in flat-fee MLS listing services
  • You set buyer’s agent commission (Greenville Realty recommends 2.5-3%)
  • Buyer leads forwarded to you
  • Unlimited listing changes and open house postings
  • Cancel anytime if home is not in escrow
  • Listing is live on MLS within 24 hours of completion of necessary forms
$250 - MLS Pro package
  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • 36 Photos
  • Contracts and disclosure paperwork
  • Unlimited listing changes
  • Buyer leads forwarded to you
  • Cancel anytime if home is not in escrow
  • Unlimited open house postings
$595 - MLS Pro Plus package
  • Same as MLS Pro package, plus:
  • 8-month listing on MLS
  • Broker advice and contract review
  • For sale sign with your phone number
  • Electronic lockbox
  • Showing appointment service
$750 + $1,250 at closing - MLS Full Service package
  • Same as MLS Pro Plus package, plus:
  • Showing agent feedback
  • Professional photography
  • Broker handles negotiations
  • Lender and closing attorney follow-up
  • Comparable market analysis (CMA)
  • Interior room measurements













A-la-carte services include yard signs, lockboxes, and appointment services

Pros

  • 36 photos in base package
  • Unlimited listing changes
  • Unlimited open house postings
  • Buyer leads forwarded to you
  • Cancel anytime if home is not in escrow

Cons

  • No built-in home valuation for lower-tiered packages

As of August 11, 2020, Greenville Realty LLC's broker, Barry Venuto, has an average rating of 5/5 based on 4 reviews on Zillow.

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» MORE: About flat-fee MLS services.

Methodology

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.

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

Additional resources for South Carolina home sellers