5 Best Low Commission Realtors in Memphis, Tennessee (2025)

• Memphis discount real estate brokers offer a similar range of services and support as conventional realtors for a lower price.
• If you work with a conventional Memphis realtor, you’ll typically pay a listing commission fee of about 2.90%
• Discount realtors typically deliver savings by charging lower listing fees at closing. The average listing fee among discount brokerages in Memphis is 1% as of February 2025.
• That’s an average savings premium of $3,534 based on the median home sale price in Memphis ($185,000), according to the latest available data (February 2025).

• Consider a discount realtor if saving on real estate commission fees is a top priority, but you still want a real estate agent to guide and support you through the process.
• Discount realtors sometimes handle more customers at once to offset their lower rates. Some sellers say this can lead to less hands-on, personalized service compared to a conventional realtor.
• We recommend sellers with more complicated properties or circumstances stick with conventional realtors with experience that fits their needs. (Try Clever: list with top full-service realtors, get up to 50% off their typical rate.)
• That being said, discount brokerage service models and customer experiences vary widely, which is why thoroughly interviewing and vetting any agent is so important.

Pros

• Discount real estate agents save sellers in Memphis, Tennessee $3,534, on average.
• You get expertise from a licensed agent who knows the Memphis market.
• Some discount real estate agents offer full service, so you can get everything you'd expect for less.

Cons

• Some Memphis discount real estate agents only provided limited service, and may charge extra fees for "add-ons" like professional photography.
• Discount real estate brokers sometimes charge upfront fees, so you'll have to pay out-of-pocket before your house sells.

• Stick with companies that offer in-person representation and "full service" (including an on-site comparative market analysis and professional photography). Avoid brands that only provide "remote" or "virtual" broker support.
• We recommend brands with success-based fees (you only pay at closing) and transparent pricing models. Watch out for upfront, nonrefundable fees and high minimums — some companies don’t make these easy to spot.
• Don't just rely on the advertised commission rate. Calculate your actual estimated commission fee based on your estimated home value. This is especially important for companies with flat fee models or high minimum fees to avoid paying more than advertised.
• Customer ratings are generally more important than small differences in pricing models. Look for companies with high average ratings based on large numbers of reviews.
• Be sure to interview the specific agent you'll be working with and evaluate them based on the same criteria you'd use to choose a conventional realtor.

• Clever Real Estate gets you special discounted rates from top, conventional realtors representing major brokerages like RE/MAX, Century 21, and Compass. Take our simple quiz to get personalized agent recommendations and save up to 50% on listing fees.
• You can try to negotiate a lower commission rate with a conventional realtor yourself, but this can be difficult to do (only about 22% of sellers who try to negotiate are successful). Negotiating is easier if you have a pricier home, are selling in a particularly hot market, or already have a buyer lined up.
• If you're selling for sale by owner and just want a marketing boost, a Memphis flat fee MLS service may be a better fit. Basic flat fee MLS plans get your listing on the local MLS for around $150. Premium plans include more services, like pro photography, but can cost well over $1,000.
• If you want to sell your house fast or are listing a home in poor condition, consider a Memphis cash home buyer company. Cash home buyers will purchase almost any home in any condition. You typically don't have to pay realtor commissions and many will actually cover your closing costs. And because they pay cash, they can usually close in a matter of days.

The Memphis housing market has cooled since this time last year, according to the latest data (January 2025)

• Memphis is currently in a balanced market, with an equal amount of buyer demand and inventory. At the end of January, there were 1699 active listings (1.9%, year over year), with 650 new properties listed over the course of the month (21%, year over year).
• The median home sale price in Memphis last month was $185,000, up 16% from $156,094 last year.

• Memphis properties spend a median 56 days on market — that’s 1 days slower than last year
• The average Memphis home sells for 94% of its original list price, up 0.5% year over year.
• Memphis houses are experiencing more price drops compared to last year. 31% of properties dropped their price last month. That's a 7.6% increase compared to this time last year.

• The bulk of home seller costs is made up of realtor listing fees and closing costs:
• Listing fee: Memphis home sellers pay their agents an average listing fee of 2.9%, based on the median home sale price. That’s 191% more than the nationwide average discount listing fee of 1%.
• Seller closing costs: Memphis home sellers typically pay an additional $2,829 in closing costs, based on the median home sale price. That’s 37% more than the nationwide average of $1,771.