The average total real estate commission in Oklahoma is 5.95%. This includes a 3.05% listing agent commission and a 2.90% buyer’s agent commission. In Oklahoma, sellers typically cover the real estate commission fees for both agents out of their sale proceeds at closing.
Oklahoma sellers pay an average of $11,708 in realtor fees, based on the average Oklahoma home price of $196,774.
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 Oklahoma. We’ll also explain why Oklahoma commissions are what they are (and offer up some tips that could help you save).
Oklahoma 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 $196,774.
|Listing agent commission
|Buyer’s agent commission
|Total realtor fees
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How much are realtor fees in Oklahoma?
Selling a house with a realtor in Oklahoma will typically cost you 5.95% in total realtor fees, compared to the national average of 5.49%.
Real estate commission rates may vary across different areas of Oklahoma. For example, if you’re selling a home in a popular neighborhood in Oklahoma City where houses are selling quickly, your agent may agree to a lower commission. On the other hand, if you’re selling a rural home that attracts less interest, your agent may expect a higher commission to sell it.
The state’s housing market also affects what you’ll pay in Oklahoma real estate commission. The median sale price in Oklahoma is currently 6.3% higher than it was a year ago, but not as many homes are selling. The number of homes sold is down by 34.5%, and the median days on market is more than double what it was a year ago.
Despite realtors making a little more on each sale due to the higher prices, they’re not selling as many homes as before. On top of that, homes are taking nearly three weeks longer to sell. In this cooling market, agents may be hesitant to reduce their fees as they need the most from each sale.
How real Oklahoma agents and brokers set commission rates
Typically, real estate agents set their fees based on what competing agents in their area are charging. Some agents are willing to negotiate their fees for properties that are easy to sell, for repeat clients, and for clients who use them for both buying and selling.
Even though agents sometimes reduce their commission, they can’t afford to lower fees too much. That’s because the listing agent and the buyer’s agent split their commission with their respective brokers. So if the total commission is 6%, the listing agent only receives 1.5%.
Real estate agents also have various overhead expenses that they must cover upfront before getting paid. They set their commission to cover these expenses:
- Taxes: Real estate agents must pay a self-employment tax of 15.3% on all commission earned
- Association dues: $585 annually
- Multiple Listing Service (MLS) fees: $600 annually
- State license fees: $200–280 every two years
- Administrative staff: Assistants can help with bookkeeping, scheduling, and other day-to-day operations
- Marketing costs: Professional photos, advertising, open houses, and staging
How can I save on realtor fees in Oklahoma?
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
Real estate agents are used to negotiating fees with their clients. Whether you’re successful or not depends on if you can persuade them that your home will be an easy sale.
One way to convince them your home won’t take a lot of work is to look at a comparative market analysis together. If you’re in a neighborhood where homes like yours are selling fairly quickly, your agent might agree to reduce their fees.
Negotiating can be awkward and uncomfortable. If you’d rather avoid it, you can find an agent through our agent-matching service. We’ve already pre-negotiated a low listing fee with experienced agents in Oklahoma, so you don’t have to. Find an Oklahoma 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, our agent-matching service 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 Oklahoma 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 Oklahoma real estate commissions
How much do real estate agents get paid in Oklahoma?
Once the home sells, the real estate agents receive their payment from the proceeds. Then, each agent splits their commission with their broker. Learn more about what realtor fees cost in Oklahoma.
Can you negotiate realtor fees in Oklahoma?
Realtors will sometimes negotiate their fees with you. However, to be persuasive, you must show how your home will be easier to sell than others. Find out more about ways to negotiate realtor fees in Oklahoma.
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 11 agents across Oklahoma.
- Clever Real Estate Commission Survey Data
- Redfin – Oklahoma Housing Market
- Internal Revenue Service
- Oklahoma City Metropolitan Association of Realtors
- Oklahoma Real Estate Commission – Fees