Real Estate Witch

  • Sell FSBO
    • How to Sell a House Without a Realtor
    • Best Flat Fee MLS Companies
    • FSBO Zillow Listings
    • Best FSBO Websites
    • Best Flat Fee MLS Companies in Florida
    • Companies That Buy Houses for Cash
  • Save When You Sell
    • Low Commission Real Estate Companies
    • 1% Commission Realtors
    • 2% Commission Realtors
    • Discount Real Estate Brokers
    • How to Find a Realtor
    • Realtor Fees
    • How to Negotiate Realtor Fees
  • Reviews
    • Clever Real Estate Review
    • Redfin Review
    • Redfin vs. Realtor
    • Ideal Agent Review
    • HomeLight Review
    • Opendoor Review
  • Blog
  • About
    • Authors
    • Contact Us
  • 808-213-6770
Find Agents

Average Realtor Fees in Arkansas | Updated for 2023

Published March 10, 2023

  • Written by Jon Stubbs

  • Edited by Kristy Snyder

Written by Jon Stubbs

Jon Stubbs is a Content Writer for Real Estate Witch and its sister publications in the Clever Real Estate family of brands. He's an authority on non-traditional home selling companies, including iBuyers, home trade-in services, and cash home buyers.

Edited by Kristy Snyder

Kristy Snyder is a Content Editor for Real Estate Witch and its sister publications in the Clever Real Estate family of brands. She's an authority on buying foreclosed homes, real estate closing costs, and selling a house without a realtor.

Why trust us: Our data is based on a survey of 650 real estate agents and brokers across the U.S. Learn how we researched.

In this guide: How much you’ll pay | Average Arkansas realtor fees | How Arkansas agents set rates | How to save on commission in Arkansas | FAQ | Our research

The average total real estate commission in Arkansas is 5.44%. This includes a 2.72% listing agent commission and a 2.72% buyer’s agent commission. In Arkansas, sellers typically cover the real estate commission fees for both agents out of their sale proceeds at closing. 

On the average Arkansas home price of $173,423, you’d pay $9,434 in real estate commission fees as a seller.

Realtor commission rates vary considerably by region, city, or even neighborhood. The agent and brokerage you choose, as well as the specifics of your sale — like your home’s value, location, and condition — are also factors.

This guide breaks down how much commission sellers can expect to pay in Arkansas. We’ll also explain why Arkansas commissions are what they are (and offer up some tips that could help you save). 

Arkansas real estate commission: How much will you pay?

Here’s what you can expect to pay in realtor commission based on the average home price of $173,423.

Average rateCost
Listing agent commission2.72%$4,717
Buyer’s agent commission2.72%$4,717
Total realtor fees5.44%$9,434

List with the best local agents for just 1.5% (seriously)

Clever Real Estate matches you with vetted local agents who work for just a 1.5% listing fee when you find them through Clever’s free service. 

Clever has 62 vetted agents across Arkansas from major brands like RE/MAX and Coldwell Banker. You compare options, choose the best fit, and get the same service and support for up to half the usual rate! 

Clever is free to use and there’s no obligation to work with any of the agents you’re matched with.

See agents near you!

How much are realtor fees in Arkansas?

In Arkansas, the average total realtor fees are 5.44%. This is typically paid by the seller, out of the proceeds from their home sale.

Average realtor fees in Arkansas are slightly higher than the national average of 5.37%. However, those fees vary widely from city to city. The best way to get an idea of average commissions in your local market is to talk to realtors in your area. 

Commission can change frequently in response to market conditions. Average commission in Arkansas is trending downwards — in 2021, the average statewide commission was 5.90%.

One big factor in the downward trend in statewide commissions is likely the hot Arkansas market, which saw a 6.6% increase in home values since last year. Agents are more open to giving out commission discounts in a fast market, because they know they can easily make that money back in sheer volume.

How real Arkansas agents and brokers set commission rates

Agents we talked to said their commission rates are almost always up for negotiation.

When it comes down to it, agents set their commission rate based on local averages and on how much time and effort they think it’ll take to sell your home. 

For example, if you have a highly desirable home in a hot market, agents may be more open to a lower commission, since you’ll likely receive offers immediately. If you have a more unique property that might take a while to find a buyer, they’ll have to put in more hours and will be less likely to offer a discount.

And your listing agent might make less than you think. Real estate commission in Arkansas is split between:

  • The listing agent
  • The listing agent’s broker
  • The buyer’s agent
  • The buyer’s agent’s broker

So your listing agent isn’t making the full commission — they’re likely only pocketing a quarter of it — around 1.36%.

On top of that, agents have a lot of upfront and overhead costs. They have to pay for services like marketing and home staging before a home goes up for sale, and they have business costs that are fixed, regardless of how many sales they’ve closed recently.

  • Taxes: Realtors are considered self-employed by the IRS, and must pay significant taxes on their commissions.
  • Association dues: $150 annually 
  • Multiple Listing Service (MLS) fees: $25–200 per month
  • State license fees: $80-110 annually
  • Administrative and support staff: Office managers, transaction coordinators, assistants, schedulers, accountants, social media and marketing specialists, etc.
  • Marketing: Digital advertising, professional home staging, real estate photography, signage fees, fliers, open houses, etc.

How can I save on realtor fees in Arkansas?

While it may take some outside-the-box thinking, there are a few ways you can save on realtor fees:

  • Negotiate with a traditional real estate agent or broker
  • Work with a discount real estate broker
  • Sell without a realtor

Negotiate with a traditional realtor

Since most agents are open to negotiating their commission rate, how do you, the seller, negotiate a lower commission? Let’s touch on a few tried and true strategies.

Ways to negotiate lower realtor fees

  • Aggressive pricing. Setting your list price at or just below market value will quickly attract a lot of interest — and agents love a quick sale.
  • Leverage your local market. If you’re in a hot seller’s market, where sellers outnumber buyers, you have a lot of leverage. Agents know that if they refuse to negotiate with you, you can easily find another agent who will.
  • Comparison shop. Ask many local agents about their commission rate, and let them know you’re comparison shopping for an upcoming sale. Most agents will gladly cut you a deal to avoid losing you to the competition.

Negotiating can be awkward and uncomfortable. If you’d rather avoid it, you can find an agent through Clever Real Estate. They’ve already pre-negotiated a 1.5% listing fee with experienced agents in Arkansas, so you don’t have to. Find a Arkansas agent for less.

Work with a discount real estate broker

Some brokerages offer discounted realtor fees up front. These companies can help you save money, but some come with risks or worse-than-average customer service. Do your research to understand what you’ll get for the discounted fee. See how we ranked discount real estate brokers in your area based on savings, customer reviews, and our experience mystery shopping with each company.

To save an average of $7,000 on your listing fee without sacrificing service, Clever Real Estate is your best option.

Sell without a realtor

The ultimate way to save on realtor fees is to sell without a realtor — though we don’t recommend this to most Arkansas sellers.

You’ll avoid paying a listing commission, but you’ll have to do all of the work of a listing agent on your own. Plus, you’ll still want to pay a full buyer’s agent commission to incentivize other agents to show your home to their buyers.

Learn more about how to sell a house without a realtor in Arkansas.

Other FAQs about Arkansas real estate commissions

Who pays real estate commission in Arkansas?

In Arkansas, the seller usually pays the commission of both the listing agent and the buyer's agent. The agents don't get paid until the house sells—these fees are typically paid out of the home sale proceeds at closing. Learn more about how real estate commission works in Arkansas.

Can you negotiate realtor fees in Arkansas?

Yes, you can always tell your realtor you want to negotiate fees. But keep in mind your agent will spend a lot of money up front when marketing the home. If your home takes a lot of work to sell, your realtor might be hesitant to reduce their fees by too much. Learn more about how real estate commission works in Arkansas.

Research methodology

We regularly survey our pool of 14,000 partner agents nationwide on the commission rates they use for buying and selling. These data points are averages based on responses we’ve received from eight agents across Arkansas. 

Sources

  • Zillow Home Value Data
  • Intuit TurboTax
  • Clever Real Estate Commission Survey Data

Filed Under: Costs to Sell a House Tagged With: Arkansas, Geo

About the Author

Jon Stubbs is a Content Writer for Real Estate Witch and its sister publications in the Clever Real Estate family of brands. He's an authority on non-traditional home selling companies, including iBuyers, home trade-in services, and cash home buyers. Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

nineteen − fifteen =

Need an Agent?

Connect with top-rated agents near you and save thousands on commission fees.

I Want to Learn More

How To Sell Your Home

  • What Companies Offer the Lowest Real Estate Fees?
  • Read This Before You Pay For a Flat Fee MLS Service

Real Estate Reviews

  • Clever: Are Those Commission Savings Legit?
  • Redfin: What It Really Charges Sellers
  • Ideal Agent: Learn the Truth About Its 2% Fees
  • Opendoor: How Much Will It Pay For My Home?

Categories

  • For Home Buyers
  • For Home Sellers
  • Save When You Sell Your Home
  • Costs to Sell a House
  • Sell a House Without an Agent
  • Sell Your House Quickly
  • Real Estate Company Reviews

Real Estate Witch
  • Home
  • Blog
  • About
  • Contact Us
  • Sitemap

Copyright © 2023 Real Estate Witch | All rights reserved.
Privacy Policy | Terms of Service