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 Mississippi | Updated for 2023

Published March 21, 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 Mississippi realtor fees | How Mississippi agents set rates | How to save on commission in Mississippi | FAQ | Our research

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 $8,493 in realtor fees, based on the average Mississippi home price of $156,113.

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 $156,113.

Average rateCost
Listing agent commission2.72%$4,246
Buyer’s agent commission2.72%$4,246
Total realtor fees5.44%$8,493

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’s partnered with 67 top-producing agents across Mississippi 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 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. 

Remember: Realtor fees aren’t the only costs of selling a home. You also need to factor in the cost of repairs, your mortgage payoff amount, and closing costs.

Learn what expenses to budget for and estimate how much it’ll cost to sell your house in Mississippi.

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.

Ways to negotiate lower realtor fees

  • Price your home aggressively. While you might leave a little money on the table, a willingness to price aggressively shows your agent that you’ll do what it takes to sell fast.
  • Buy your next home with your listing agent. If you pledge to buy your next home with your present agent, they’ll make two commissions off of you. That’ll make them more open to giving you a discount.
  • Make your home more sellable. Maxing out your home’s appeal through repairs, renovations, and good staging is a great way to get a commission discount from a grateful agent.

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.

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

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.

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 six agents across Mississippi.

Sources

  • Clever Real Estate Commission Survey Data
  • Redfin – Mississippi Housing Market
  • Internal Revenue Service
  • Central Mississippi Realtors
  • MS Realty Courses

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

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 *

twenty − 14 =

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