Commission Calculator South Carolina 2021

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The average real estate commission in South Carolina is 6%. Commissions in South Carolina are paid by the seller of the home. The home seller will pay both the selling agent and the buyer's real estate agent. In South Carolina, real estate commissions are usually split 50/50, with 50% going to the seller or listing agent, and 50% going to the buyer's agent.

South Carolina Real Estate Commission Calculator

$
%
You will receive...
$470,000
on closing
You will pay around...
$30,000
in commission
Buying Agent
$15,000
Selling Agent
$15,000

How Much are Real Estate Commissions in South Carolina?

According to Clever, which sources data from local agents, the average real estate commission in South Carolina is 5.79% in 2021.

Average Real Estate Commission in South Carolina

South Carolina
Average Commission5.79%
Average Home Price$206,000
Source: Clever and Zillow

How can you reduce the commissions that you pay when you sell a home in South Carolina?

Real estate commissions can lead to thousands of dollars in costs when selling your home. You can try to reduce the commission rate by negotiating with your listing agent, however not all agents are willing to negotiate. There are discount brokers and listing services available in South Carolina that have reduced commission rates.

These discount brokers may still offer the same services that a full-service agent provides, yet with a low commission rate. Some of these discount brokers can charge a commission as low as 1%, charge a set flat-fee, or provide buyer rebates or cashback.

Some MLS listing services in South Carolina may charge a flat-fee as low as $100. However, listing your home as for sale by owner (FSBO) means that you will need to perform the services that a regular selling agent would do, from dealing with agents and buyers to open houses and staging.

These alternatives to a real estate agent can save you thousands, but they may offer limited service, reduce your home's visibility, or require you to do more work.

Who regulates real estate agents in South Carolina?

Real estate agents in South Carolina are licensed by the South Carolina Real Estate Commission, a body of the South Carolina Department of Labor, Licensing and Regulation.

Any calculators or content on this page is provided for general information purposes only. Casaplorer does not guarantee the accuracy of information shown and is not responsible for any consequences of its use.