How commission works | How to save on commission | The current Wyoming housing market | The best low commission companies | Methodology
📊 The data: We surveyed local agents and found that the average real estate commission in Wyoming is 5.48%, which is about equal to the national average of 5.50%. |
That means, to sell an average Wyoming house worth $269,000 you’ll pay about $14,700 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 5.48%.
Selling with a discount real estate company like Clever could help you save thousands on commission. Clever negotiates 1% listing fees with full-service Wyoming realtors from top brokers.
On that same $269,000 home — you'd pay just $9,900, up to 33% 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 Wyoming real estate commission fees and share tips on how to save more when you sell.
How real estate agent commission works in Wyoming
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 Wyoming has 53.2% of the commission going to the listing agent and 46.8% going to the buyer's agent.
» LEARN: How do real estate commissions work?
Who pays realtor fees in Wyoming?
In Wyoming, 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 Wyoming
💰 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 Wyoming
Whether you’re selling a ranch outside Cheyenne, a cabin in Casper, or a rental in Laramie, you can almost always save thousands by negotiating a lower commission rate!
Negotiating a lower realtor percentage in Wyoming depends on two main factors: your situation and the housing market.
Factor | You may have an easier time negotiating low rates if... |
|---|---|
Your situation |
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The Wyoming housing market |
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While your personal situation will obviously vary, Wyoming 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 Wyoming 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 Wyoming real estate market
Factor | Trends | Indication |
|---|---|---|
Months of inventory | There's 1.5 months of housing inventory on the market | Seller's market |
Home values | Home values have risen 4.2% year over year | Neutral market |
Low commission real estate companies in Wyoming
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 Wyoming.
The top discount real estate companies in Wyoming
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 Wyoming 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 Wyoming
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.
» MORE: What you need to know about flat-fee MLS services.
Learn more
The American frontier is alive and well in Wyoming. Known for its wide-open spaces and rustic culture, Wyoming is home to seven national parks — including Yellowstone, home to the well-known Old Faithful geyser — as well as picturesque Western towns that attract residents as varied as Kanye West and Dick Cheney.
Wyoming is one of the most sparsely-populated states in the U.S. Its population has stayed pretty flat over the past decade, especially when compared to high-growth states like Florida or California. But the state boasts a solid economy that rests on two very durable industries: energy and agriculture. With only moderate housing inventory in the state, buying or investing here is a safe, affordable bet.
Clever takes the guesswork out of lowering your commission by pre-negotiating a super-low commission rate of only 1%, or a flat fee of $3,000 if your home sells for less than $350,000. Better yet, they only work with Wyoming’s top agents. Contact Clever today to find out how much they can save you 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
- Months of inventory: Based on Realtor.com data as of June 2021