This is how the commission works|save commission|Maryland real estate market|The best companies with low commissions|methodology
📊 The dates:
We surveyed local real estate agents and found that the average real estate commission in Maryland is 5.11%, below the national average of 5.37%.
To sell a $405,957 Maryland home, the median home value in Maryland, you pay about $20,744 in brokerage fees.
A real estate agent's commission is often the biggest expense you face when selling your home, but it's notTerpay the full 5.11%.
Clever Real Estate can help you save thousands in commissions by pre-negotiating 1% listing fees with full-service Maryland realtors from leading real estate agents.
For the same $405,957 home, you'd pay just $14,200, up to 31% less than median rates.
" SAVE:Sell smart for 1% listing fees and save thousands in commissions!
This is how the broker commission works
average listing commission | 2,60% |
Average Buyer's Agent Commission | 2,51% |
total average commission | 5,11% |
Typically, two real estate agents are involved in the sale of a home:
- The seller's agent (also called a listing agent) who represents the seller of the home.
- The buyer's agent who represents the person buying the home.
Based on our research, the average commission rate for real estate agents is 2.60% of the final home price and 2.51% for buyers' agents, for a total of 5.11%.
" LEARN:How do real estate commissions work?
Who pays the real estate agent fees in Maryland?
In Maryland, home sellers pay real estate commissions out of the final sale proceeds to both brokers involved in a deal. Offering to pay the buyer's agent's commission is an incentive for agents to show their clients your home.
If you're looking to save on commissions, Clever can connect you with one of the best listing agents in your area. He only pays 1% (or $3,000 if your house sells for less than $350,000) and has more cash in his pocket at the end of the sale.
How to Save on Real Estate Agent Fees in Maryland
Commission rates are not set in stone. In fact, we found that while the average in Maryland is 5.11%, interest rates typically range from 4.32% to 5.90%. You can save money by negotiating a lower rate with your listing agent or by working with a broker who has a discount commission model.
Commission Margin Listing | 2,20 %– 2,99 % |
Buyer's Brokerage Commission | 2,12 %– 2,91 % |
all commission area | 4,32 %– 5,90 % |
Tips for Negotiating a Real Estate Agent's Commission in Maryland
Whether you're selling a townhome in Baltimore, a luxury townhouse in Bethesda, or a single-family home in Gaithersburg, you can almost always negotiate a lower commission rate, if you know how to ask for it.
Negotiating a lower Maryland brokerage percentage depends on two main factors: your situation and the real estate market.
Factor | You may find it easier to negotiate low rates if... |
|---|---|
your situation |
|
The Maryland Real Estate Market |
|
While your personal situation will, of course, vary, conditions in the Maryland real estate market affect all real estate sellers in your area.
In general, a real estate agent's job in the seller's market, where property sellers have more influence than buyers, is easier and they may be more willing to lower their commission rates. In a buyer's market, it's usually the other way around.
" LEARN:Here are our top tips for negotiating lower commission rates
To assess the current state of your real estate market, consider these three factors:
- months of stockⓘ
- Selling at list priceⓘ
- home value trendsⓘ
If all factors indicate that Maryland is a seller's market, you may be in a good position to negotiate a lower commission rate with your agent. When market conditions are mixed or in favor of buyers, it can be more difficult to persuade your agent to agree to a lower rate.
The Current State of the Maryland Real Estate Market
Factor | Trends | Recommendation |
|---|---|---|
months of stock | There are 1.2 months of housing stock on the market | seller market |
Sales to list ratio | Homes are selling at 103.00% of list price | seller market |
house values | Property values increase 25.45% year over year | seller market |
Low Commission Real Estate Company in Maryland
Negotiating a lower rate with a professional negotiator can be difficult! In many cases, real estate sellers can save the same (or more!) by selling with a low-commission real estate agent.
Here are some of the best discount flat rate MLS services in Maryland.
Best Discount Real Estate Companies in Maryland
Discount real estate companies often offer full-service support for a low commission percentage or a flat fee. How they create these discounts depends on the business model, with some taking more risk and compromise than others.
smart real estate
From💲 Listing Fee
1.5% (minimum $3,000)
💰 Average savings
$ 5.625
⭐ Average customer rating
4.9/5 (1,995 reviews)
✍️ Recording by the editorial team
Benefits
Disadvantages
evaluations
locations
Clever is a fast, easy, and free way to find a top-tier local agent. And unlike many similar companies, Clever will negotiate deep discounts up front on your behalf, saving you thousands without sacrificing service.
Try Clever for Free - Save Thousands in Fees
- Clever offers a free agent matching service nationwide, working with full-service local agents from major brokerages like Keller Williams, Century 21 and RE/MAX.
- You get multiple agent combinations so you can conduct interviews, compare marketing plans, and choose the best solution.
- Clever pre-negotiates low rates on your behalf – you get full service for a low 1.5% listing fee.
- When you shop at Clever, you can get cash back at checkout.
- You may not be matched with an agent from your favorite real estate agent.
- Agents cannot offer premium services like drone photography and professional home staging.
Smart has a rating of 4.9 out of 5 pointstrusted pilot, based on 1,844 reviews.
Read real customer reviews of Clever here.
Clever has negotiated low commission rates with major agents in all 50 states and Washington, DC.
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Rotflosse
full review💲 Listing Fee
1.5% (minimum fees vary)
💰 Average savings
$ 5.550
⭐ Average customer rating
3.7/5 (301 reviews)
✍️ Recording by the editorial team
Benefits
Disadvantages
evaluations
locations
Redfin offers real savings and is a trusted brand. However, sellers can compromise service, particularly agent experience and availability.
Read the full Redfin review.
- when you buymiSell with Redfin and receive a 0.5% discount on the listing fee.
- Redfin gives their listings a top ranking on their popular home search app.
- When finding the right agent is your top priority, your options are limited.—Redfin has few agents in each of its markets.
- Redfin agents serve more clients at a time than the average broker, so they may not offer as much personal service.
Redfin is rated 3.7 out of 5 (301 reviews) on popular review sites like Google and Yelp.
Read real customer reviews of Redfin here.
Redfin is available in over 80 US markets (see all locations).
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💲 Listing Fee
5.000 $
💰 Average savings
7.000 $
⭐ Average customer rating
4.8/5 (1,400 reviews)
✍️ Recording by the editorial team
Benefits
Disadvantages
evaluations
locations
Houwzer offers real savings from fixed rates, but homes near or below $500,000 can likely find better rates and less risk elsewhere.
Read Houwzer's full review.
- Huge commission savings on luxury real estate
- Listing fee includes virtual home tours and other premium marketing services
- Houwzer has a small team, which limits your options if you don't get along with the first agent they send you.
- If you're selling a home for a lower price, Houwzer may not be any cheaper than selling with a traditional agent.
Houwzer is rated 4.8 out of 5 (1,400 reviews) on popular review sites like Google and Zillow.
Read real customer reviews of Houwzer here.
Houwzer is available in the following locations: FL, MD, NJ, PA, VA, DC.
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REX real estate
full review💲 Listing Fee
2.5% ($9,000 min.)
💰 Average savings
-325 $
⭐ Average customer rating
4.7/5 (1,041 reviews)
✍️ Recording by the editorial team
Benefits
Disadvantages
evaluations
locations
REX's promise of great savings is misleading. Its advertising misrepresents the significant risks of its pricing model and marketing approach. And their high minimum fees mean many sellers don't skimp.nothing.
Read the full REX Real Estate review.
- The REX approach is incredibly risky, but if the risk is worth it, you can save around 50% on brokerage fees.
- Like other full-service brokers, REX agents offer personalized service and support.
- The 2.5% listing fee on REX doesn't save much – many full-price brokers charge similar fees
- REX does not list your home on the MLS, so up to 90% of buyers may not even know it's for sale.
- This risky marketing strategy is likely to backfire, so you may not save anything in commission.
REX is rated 4.7 out of 5 (1041 reviews) on popular review sites like Google and Zillow.
Read real REX customer reviews here.
REX is available in the following territories: AZ, CA, CO, FL, GA, MD, NV, NJ, OR, PA, TX, WA, DC.
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" LEARN:How do discount real estate agents offer lower rates?
Best Flat Fee MLS Listing Services in Maryland
Flat fee MLS services list your home on your local MLS for a small fee, usually between $250 and $1,000. The downside is that you have to handle most of the home selling process yourself.
Chales Street Properties
Chales Street Propertiesbetter for
Inexperienced sellers who want additional advice from their listing broker
price range
$ 299-999
for and against
Profits:
- The basic package includes the maximum number of photos allowed by your local MLS, while many flat rate MLS companies limit you to six photos or fewer.
- The Premium and Supreme packages involve the broker more closely with their listing with things like contract reviews and market analysis.
Disadvantages:
- You must sign up for the premium plan ($799) before you can sign contracts.
- The basic listing does not include any price assistance.
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DNK Real Estate
DNK Real Estatebetter for
Sellers who want to customize their bidding plan with a la carte options
price range
$ 249-799
for and against
Profits:
- You can choose from many on-demand add-ons such as virtual tours, additional photos, and premium advertising boards that you can purchase to personalize your listing.
Disadvantages:
- The basic offer contains only one photo.
- Listing changes (including price and status) are $25 each.
- Other flat rate MLS companies charge less and offer more with their basic listings.
SHOW MORE
" MORE:What you need to know about flat rate MLS services.
Know more
Maryland has a booming economy and a wealth of natural beauty, from the Blue Ridge Mountains to the beaches along the Chesapeake Bay. Like Virginia, Maryland benefits culturally and economically from its proximity to the nation's capital; The federal government is one of the largest employers in the country.
The Maryland real estate market is moderately expensive, with values well above the national average. Property values here have risen steadily over the past decade and show no signs of slowing down thanks to the strong economy and low inventories. There's plenty of value to explore here, from the revival of Baltimore to the posh suburbs outside of Washington, D.C.
methodology
We compile our commission rate data from a survey of 630 of our partner agents. The survey asked about standard local fees for listings and buyers.
In addition, we use the following data from Zillow and Realtor.com:
- Home values, list prices and sale prices: according toZilowData from August 2022
- Sales prices and sales ratios per listing: based onRotflosseData as of May 2022 (unless otherwise noted)
- Months in Stock: Based onImmobilienmakler.esData from October 2022