The average total real estate commission in Mississippi is 5.44%. This includes a 2.72% listing agent commission and a 2.72% buyer’s agent commission. In Mississippi, sellers typically cover the real estate commission fees for both agents out of their sale proceeds at closing.
Mississippi sellers pay an average of $8,829 in realtor fees, based on the average Mississippi home price of $162,292.
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 Mississippi. We’ll also explain why Mississippi commissions are what they are (and offer up some tips that could help you save).
Mississippi 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 $162,292.
|Listing agent commission||2.72%||$4,414|
|Buyer’s agent commission||2.72%||$4,414|
|Total realtor fees||5.44%||$8,829|
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How much are realtor fees in Mississippi?
In Mississippi, average total realtor fees are 5.44%. The seller pays these fees out of the money they make from the sale.
Mississippi’s average realtor fees are slightly higher than the U.S. national average of 5.37%. They’re also trending downward. In 2021, the average commission in Mississippi was 5.60%.
Decreasing commission rates are somewhat unusual when you look at the cooling real estate market in Mississippi. Home prices have fallen, home sales have plummeted 25% year-over-year, and the average days on market have doubled.
Typically, this market slowdown would drive commission up, as agents are forced to maximize a dwindling number of listings. But digging into the numbers a little, it looks like booming local markets in Gulfport and Olive Branch (where sales prices rose nearly 5%) are bringing the total state average commission down.
That’s why averages don’t tell the whole story. Commission rates vary widely from city to city and even neighborhood to neighborhood and can change rapidly due to fluctuations in the larger market. If you’re thinking of selling your Mississippi home, talk to some experienced local real estate agents to learn about commission rates in your area.
How real Mississippi agents and brokers set commission rates
Agents and brokers in Mississippi typically set commissions based on what’s competitive in the local area and how much labor and time they’ll have to put into the deal.
The good news? Most agents we talked to said their commission rates are flexible. If you’re selling a hot property in a booming market, your agent will likely be open to a commission discount.
On the other hand, if you’re selling a unique property in a cooler market, your agent will probably want full commission since it may take months and many showings to find a buyer.
On top of that, agents make less than many people realize. Commission is typically split four ways between:
- The listing agent
- The buyer’s agent
- The listing agent’s broker
- The buyer’s agent’s broker
So your listing agent doesn’t actually make the full commission on your home sale. In the end, they only pocket a quarter of it.
Agents have to cover a lot of expenses out of that commission, such as:
- Taxes: Real estate agents must pay a self-employment tax of 15.3% on all commission earned
- Association and MLS fees: $600 annually
- State license fees: $60 annually
- Administrative staff: Assistants can help with bookkeeping, scheduling, and other day-to-day operations
- Marketing costs: Professional photos, advertising, open houses, and staging
All of these expenses factor into how low an agent is willing to go with their commission rate.
How can I save on realtor fees in Mississippi?
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
Agents we spoke to said their commission rate is nearly always up for negotiation. But real estate agents are professional negotiators — great when they’re on your side, but intimidating if you’re trying to get a deal. Here are a few proven strategies to get lower fees from your realtor.
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 Mississippi, so you don’t have to. Find a Mississippi 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 Mississippi 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.
Other FAQs about Mississippi real estate commissions
Are real estate commissions negotiable in Mississippi?
Yes, real estate commissions are almost always negotiable in Mississippi. How much commission you pay is almost entirely up to your agent, so all you have to do is show them it’s in both your best interests to give you a discount. Learn more about how to negotiate commission.
How much does the average realtor make in Mississippi?
In Mississippi, the average realtor makes around $2,400 per sale based on current state average home prices. They’ll typically take home a quarter of the total commission. Learn more about how much a real estate agent makes.
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 six agents across Mississippi.