The average total real estate commission in Wyoming is 5.36%. This includes a 2.68% listing agent commission and a 2.68% buyer’s agent commission. In Wyoming, sellers typically cover the real estate commission fees for both agents out of their sale proceeds at closing.
Wyoming sellers pay an average of $17,425 in realtor fees, based on the average Wyoming home price of $325,091.
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 Wyoming. We’ll also explain why Wyoming commissions are what they are (and offer up some tips that could help you save).
Wyoming 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 $325,091.
|Listing agent commission||2.68%||$8,712|
|Buyer’s agent commission||2.68%||$8,712|
|Total realtor fees||5.36%||$17,425|
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How much are realtor fees in Wyoming?
In Wyoming, average total realtor fees are 5.36%. Sellers typically pay this commission out of the proceeds from the home sale.
Wyoming’s average realtor fees are just a touch lower than the U.S. national average of 5.37%, though they’re trending upwards. In 2021, the state average commission was only 5.30%.
Latham Jenkins, a broker with Live Water Properties in Jackson Hole, sees Wyoming’s average commission rate as a product of local market dynamics.
“With inventory starting to come back and pricing leveling off, sellers are more focused on the expense of selling,” says Jenkins.
Wyoming sellers can continue to expect falling commission rates, as Wyoming home values have risen steadily over the past year. Commission rates tend to fall in hot markets, driven downward by competition between agents. Agents are also more likely to cut sellers a discount on commission when they know they can quickly move onto their next deal.
Of course, realtor fees vary widely from city to city, so talk to local agents to get a feel for your market’s average commission rates.
How real Wyoming agents and brokers set commission rates
Agents and brokers we talked to said their commission rates are highly flexible. Typically, agents base them on how much time and effort they think it’ll take to sell your home.
“I take into account the amount of work needed to stage and market the home,” says Jenkins. “The older and more out of style homes require more expenditures.”
As for when he might lower his commission rate?
“A newer contemporary home [that] is in vogue with today’s buyers [and that is] clean, doesn’t have any deferred maintenance, and is move-in ready,” Jenkins says.
When you’re an agent, time is money. If you have a hot property in a hot market that’ll sell after your first showing, an agent is more likely to work for a lower commission than if you have an outdated property in a slower market.
Jenkins also makes a point that many sellers may not consider. “I like to show the seller how agreeing to 0.5–1% more in commission can create a win-win on the bottom line for both of us,” he says. “This investment in me will help to accelerate the time it takes to sell the property, and make their life easier in the process.”
Basically, you get what you pay for — and the lowest possible commission doesn’t always lead to the best outcome.
We should also note that your agent doesn’t make as much as you might think. A typical real estate commission is split four ways between the listing agent, buyer’s agent, and their brokers.
In the end, your listing agent is only pocketing a quarter of the commission. And they have to cover a lot of overhead and upfront costs 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: $305.75–969 annually
- State license fees: $350 every three 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 Wyoming?
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
Nearly every agent we spoke to said the same thing: their commission rate is highly flexible. But realtors are professional negotiators, and you won’t get a commission discount just by asking for it. Here are a few tips on how to negotiate commission like a pro.
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 Wyoming, so you don’t have to. Find a Wyoming 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 Wyoming 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 Wyoming real estate commissions
How can I negotiate real estate commission?
Real estate agents base their commission rate on how much time and labor they’ll spend on a listing. So if you want to negotiate a lower real estate commission, speeding up your sale or using fewer agent services are both solid pathways to paying less. Learn other ways to lower realtor fees.
How much do real estate agents make in Wyoming?
The average real estate commission in Wyoming is 5.36%. However, this is typically split four ways between the listing agent, buyer’s agent, and each agent’s respective broker. In the end, each agent only pockets around a quarter of the final sale price. Learn more about how much real estate agents make.
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 three agents across Wyoming.
We also interviewed Latham Jenkins, a broker with Live Water Properties in Jackson Hole.