Most real estate agents in Oklahoma get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. But how does that compare to the average real estate commission rate in Oklahoma? In this post, we’ll help you determine how much commission you might pay on your Oklahoma home sale, and what options are available to earn the highest proceeds possible. According to Tammy Rice, an Oklahoma real estate agent who sells homes 60% quicker than the average Sand Springs agent, you can expect to pay about 5%-6% in agent commissions when selling a home in Oklahoma, with some variation based on location within the state. On a property worth the current statewide median home sale price of $250,000, that amounts to $12,500–$15,000 in commission costs. Using an overall statewide average of 5.5%, here’s a breakdown of how much you might pay in real estate commissions based on what a home sells for in six of the largest cities in Oklahoma: HomeLight gathers agent commission data from cities throughout the U.S. To see if we have commission rates for your city, try our Agent Commissions Calculator. You might also be interested in our Net Proceeds Calculator and Home Value Estimator. Still curious about commission rates in Oklahoma? Here are the answers to common questions about real estate agent commissions: The commission is typically paid by the home seller, and the seller’s agent will then split the commission with the buyer’s agent. There are rare occasions when a buyer will offer to cover the Realtor fees to sweeten the deal for the seller, but it’s highly unusual. “We’re not seeing that here in Oklahoma,” explains Rice. “The seller is still covering all that.”What’s the average real estate commission in Oklahoma?
Oklahoma city
Median home price
Typical commission at 5.5%
Oklahoma City
$254,651
$14,006
Tulsa
$222,547
$12,240
Norman
$255,956
$14,078
Broken Arrow
$285,814
$15,720
Edmond
$362,179
$19,920
Moore
$213,542
$11,745
Who pays real estate commission fees?
