By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Next Gen Econ
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Reading: Real Estate Commissions And Fees In South Carolina
Share
Subscribe To Alerts
Next Gen Econ Next Gen Econ
Font ResizerAa
  • Personal Finance
  • Credit Cards
  • Loans
  • Investing
  • Business
  • Debt
  • Homes
Search
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Follow US
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.
Next Gen Econ > Homes > Real Estate Commissions And Fees In South Carolina
Homes

Real Estate Commissions And Fees In South Carolina

NGEC By NGEC Last updated: June 2, 2025 8 Min Read
SHARE

Real estate agent commissions, which are typically charged as a percentage of a home’s sale price, are one of the biggest expenses South Carolina homeowners face when selling a home. And now, due to a recent lawsuit settlement, buyers (both here and elsewhere) are starting to share the burden as well.

If you’re hiring an agent to buy or sell a house in the Palmetto State, it’s important to understand how much their services will cost — and what you’ll get for your money. Here’s a breakdown of how real estate commissions in South Carolina work, including who pays and options for saving on fees.

How much are real estate commissions in South Carolina?

In a real estate transaction, agent commissions are typically divided between the listing agent (who represents the seller) and the buyer’s agent. According to data from Clever Real Estate, South Carolina’s average real estate commission rate is 5.34 percent of a home’s final sale price.

On a median-priced home in South Carolina, which cost $380,800 as of April 2025 according to Redfin data, 5.34 percent comes to $20,259. But that’s the total commission amount, for both agents combined. According to Clever, South Carolina agents typically split that amount evenly down the middle, with each agent earning 2.67 percent. That comes to $10,167 per agent.

However, home prices can vary widely within the Palmetto State, which means you could pay more or less in commissions depending on your local market. Here’s how much you’d pay in commissions in different parts of South Carolina:

City

Median home-sale price

Total agent commission (5.34%)

Listing agent commission only (2.67%)

Buyer’s agent commission only (2.67%)

Charleston

$608,700

$32,505

$16,252

$16,252

Columbia

$257,000

$13,724

$6,862

$6,862

Greenville

$500,442

$26,724

$13,362

$13,362

Savannah

$340,000

$18,156

$9,078

$9,078

Sources: Clever, Redfin

What’s included in a real estate agent’s commission?

Agents offer different services to buyers and sellers, but whomever they’re representing, they offer a lot for the money. If you’re buying a home in South Carolina, an agent will help you find properties that fit your needs and budget, set up viewings and offer insight on your local housing market. Later, they help you write an offer, negotiate the contract and provide guidance through the closing process.

When you’re selling a house, an agent will research homes similar to yours that have recently sold in your area (known as real estate comps). They’ll use that information, combined with their local market expertise, to help you set an appropriate asking price, market your property to potential buyers and coordinate open houses and showings. They will also help you sort through offers and negotiate with buyers, then guide you through the closing.

Who pays agent commissions in South Carolina?

Until recently, home sellers in the entire U.S., including South Carolina, traditionally paid all agent commissions from their sale proceeds. However, in 2024, new rules regarding commission structures went into effect as the result of a lawsuit.

These days, commissions on both sides are negotiated upfront and buyers may need to pay their agent directly. Some sellers may still agree to pay the buyer’s agent’s fee, as a concession or a way to lure in more offers, but they aren’t obligated to. Make sure your contract clearly lays out who is responsible for each agent’s commission, and how much they’ll receive.

Are South Carolina real estate agents worth it?

Realtor fees can be pricey — especially on a higher-priced home, and even more so if you’re a seller paying both agents’ commissions. And in truth, you’re not obligated to use one: Buyers and sellers are welcome to go it alone if they don’t want the added expense.

But there’s a reason why people typically do use an agent, whichever side of the transaction they’re on. For one, it is an agent’s job to have an in-depth understanding of what’s required to buy or sell a home in your local housing market. Their insight helps sellers earn the most possible money from their sale, and helps buyers find and successfully bid on a property that meets their needs.

In addition, real estate agents are licensed professionals with a level of expertise most consumers do not have. It’s useful to have an expert on your side, advocating for your best interests, when you’re making such a significant financial decision.

Saving on fees

If you’re hoping to reduce the costs of selling a house in South Carolina, these strategies may help.

  • Negotiate commissions: Both buyers and sellers could save a bit of money if their agents are open to negotiating their commission rate. For example, if your agent charges the state’s average rate of 2.67 percent, you’d pay $10,167 in commission on a median-priced house. But if they were willing to drop the rate to, say, 2.5 percent, you’d save about $650.
  • Use a discount agent: Agents affiliated with discount real estate brokers, like Redfin and Clever, may only charge 1 to 1.5 percent for commission — far less than the state average of 2.67 percent. Some agents will also work for a flat fee instead of a percentage of the sale price.
  • Sell by owner: Selling by owner means you avoid paying an agent’s commission altogether, because you don’t actually hire one. However, when you choose this option, you’ll need to perform all of the work an agent would typically do yourself — including researching comps, marketing and showing the home, negotiating on price and navigating the closing.
  • Sell to a cash homebuyer: Another way to avoid agent commissions is to sell directly to one of the many cash-homebuying companies in South Carolina. These businesses make quick, all-cash offers, buy homes in nearly any condition and often pay for your closing costs. They also work quickly, with deals typically closing in just a few weeks or less. The trade-off is that they generally offer less money than your home might fetch on the open market, so what you save in commissions you could lose in sale price.

Find a South Carolina real estate agent

A real estate agent can provide invaluable expertise and guidance during the homebuying or selling process. To find an agent, you can seek out referrals from friends, family and neighbors. It’s also worth searching online for highly rated agents who serve your area. Use this information to create a shortlist of candidates, then interview them to ask about their working style and experience — and especially how they’ve helped clients like you in the past. Before hiring someone, make sure to discuss their commission rate upfront and find out what services they’ll provide in exchange.

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article 10 Ways Inheritance Planning Ends in Total Chaos
Next Article High-Yield Savings Rates Today: June 2, 2025
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
TiktokFollow
Google NewsFollow
Most Popular
8 Things Older Adults Regret Spending Money On Too Late
June 4, 2025
Is It Safe To Add A Credit Card To My Digital Wallet
June 4, 2025
10 Medicare Plans That Look Helpful—Until You Read the Fine Print
June 4, 2025
10 Reasons Retirees Are Hiding Their Finances From Family
June 4, 2025
6 AARP Programs That Help Pay Your Bills
June 4, 2025
Whose Tax Plan Are We Under in 2025?
June 4, 2025

You Might Also Like

Homes

Should You Tap Home Equity In A Recession?

16 Min Read
Homes

6 Myths About Buying Life Insurance

12 Min Read
Homes

3 Ways To Remove A Car Loan Cosigner

12 Min Read
Homes

What If You Default On A HELOC Or Home Equity Loan?

13 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Next Gen Econ

Next Gen Econ is your one-stop website for the latest finance news, updates and tips, follow us for more daily updates.

Latest News

  • Small Business
  • Debt
  • Investments
  • Personal Finance

Resouce

  • Privacy Policy
  • Terms of use
  • Newsletter
  • Contact

Daily Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Get Daily Updates
Welcome Back!

Sign in to your account

Lost your password?