Mississippi Real Estate Sale: Costs & Commission Explained

No percentage table anywhere in the code — just a reasonableness standard and a practical range everyone falls back on.

Miss. Code §91-7-299

Quick answer: the ordinary 5-6% realtor commission applies as usual, plus a reasonable executor fee with no fixed percentage — typically running 2% to 4% of the estate's value in practice. See how this plays out for your own numbers in the Mississippi probate real estate sale calculator.

No percentage schedule at all

Worth knowing: Miss. Code §91-7-299 requires only reasonable compensation, with no statutory percentage — unlike states with a fixed tiered schedule, Mississippi leaves the actual number to reasonableness.

A practical range, not a legal one

Typical executor fees run 2% to 4% of the estate's value in practice — a useful planning range, though the court can approve more or less depending on the estate's actual complexity and the work genuinely performed.

Waiving the fee is common

Executors can waive their fee entirely or accept a reduced amount — a frequent choice when the executor is also a beneficiary, since taking the fee creates taxable income that a waived fee avoids.

The attorney's fee is equally unscheduled

Mississippi has no statutory fee schedule for attorneys either. Fee structures vary: some firms charge flat fees of $2,500 to $5,000 for straightforward estates, while others charge 3% to 5% of the gross estate value.

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The §91-7-299 reasonableness standard applies the same way whether the estate is administered in any of Mississippi's 82 counties.

Sale costs and commission — frequently asked questions

Is there a fixed percentage for a Mississippi executor's fee?

No — Miss. Code §91-7-299 requires only that compensation be reasonable, with no statutory percentage schedule at all.

What do executor fees typically run in practice?

Typically 2% to 4% of the estate's value, though this is a practical range rather than a legal requirement, and the court can approve more or less depending on the work involved.

Can an executor waive the fee entirely?

Yes — executors can waive their fee entirely or accept a reduced amount, which is common when the executor is also a beneficiary of the estate.

How does the attorney's fee compare to the executor's?

Mississippi has no statutory fee schedule for attorneys either — fee structures vary, with some firms charging flat fees of $2,500 to $5,000 for straightforward estates and others charging 3% to 5% of the gross estate value.

This page provides general guidance only and is not legal, tax, or financial advice. Based on Miss. Code §91-7-299. Confirm current figures with a licensed Mississippi attorney or real estate professional before acting.