What Is a 4.5% Real Estate Commission?

Houzeo offers 4 Flat Fee MLS packages.

• Bronze Package – $329+: This package offers Houzeo listing only for 6 months with maximum photos.
• Silver Package – $399+: This includes everything that home sellers typically look for.
• Gold Package – $379+: It is Houzeo’s signature MLS package and includes all the technology Houzeo is known for Houzeo Showings, Houzeo Offers, and DigiTransact.
• Platinum – $349+: It includes the assistance of a licensed broker to help you with negotiations, disclosures, and closing.

👉 Our Take: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy!

» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities in less than 60 mins.

Houzeo is America’s #1 Flat Fee MLS service because of 4 reasons:

1. Max Exposure: Houzeo MLS packages give you access to the MLS, Zillow, Trulia, Realtor.com, Redfin, and 100s of other websites.
2. 5-star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
3. 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
4. No Listing Commission: In most states, you’ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!

There are no dealbreakers with Houzeo.

» Houzeo Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 4,523 home sellers on Google Reviews and Trustpilot!

Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.

» Houzeo Reviews: Check out how Team Houzeo has addressed all Houzeo complaints from home sellers.

Redfin is one of America’s top discount real estate brokerages. This low-commission broker specializes in home buying. Redfin.com’s technology is what sets it apart from all other platforms.

• Redfin Full-Service Agent – 1.5% Commission: This is a full-service package. This includes pricing assistance, listing paperwork, negotiation support, etc.
• Redfin Concierge – 2.5% Commission: The “Concierge” plan includes everything from the Full-Service package. Additionally, it includes services like professional cleaning, home staging, and more.
• Redfin Premier Agent – 1.5% Commission: This package is exclusively for luxury properties and includes everything that comes with the Full-Service package.

👉 Our Take: We recommend Redfin’s concierge service. This service enhances the value of your house with a professionally managed design plan and no upfront fees.

» Selling With Redfin: Is it worth selling with Redfin?

Here are some advantages of choosing Redfin:

• Advanced Technology: Redfin is primarily known for its advanced tech platform and mobile app.
• Full-Service Agents at Low Commission – 1.5%: Redfin’s full-service package is priced at 1.5%. It saves you thousands compared to the traditional 3% listing commission.
• Buyer Rebate – 0.5%: Clients who sell and buy with Redfin within one year get a rebate of 0.5% in the second transaction. However, this offer is available with the Full Service Plan.
• Detailed Paperwork: Redfin provides the necessary paperwork and an elaborate listing agreement with a marketing plan.
• Nationwide Coverage: Redfin covers 80+ markets in the US.

» What is Redfin? Is it truly a smart choice to choose them? Read the comprehensive review to know more!

In our research, we found some red flags of Redfin, that could make your experience less satisfactory.

• Lack of Personalized Services: Customers have often complained that Redfin agents are not able to give personalized service, as they serve a high volume of clients.
• Poor Customer Reviews: Customers have complained that agents are often unreachable and unprofessional.
• Slow Listing Process: According to Redfin’s listing agreement, a Redfin property takes 18 days to list on MLS. Services like Houzeo will list you on the MLS within 24 to 48 hours.
• Limited Agent Selection: As per customer reviews, Redfin lacks an array of agents. This means you get an agent assigned automatically without having any choice in the matter.
• Agents are Less Incentivized: Unlike traditional agents who work for commission, Redfin agents get a fixed salary. This can demotivate them from offering you additional services.

» Redfin hidden Fees: Check this out to learn more about their hidden fees.

Redfin has an average rating of 3.3 out of 5 stars on Consumer Affairs.

» Redfin Reviews: The Reality of 1% Fees, Pros, Cons, & Alternatives!

SimpleShowing, like any other low-cost real estate broker, matches sellers with real estate agents.

• Listing Agent Commission – 1%: A SimpleShowing agent provides full-service MLS listing at a 1% commission rate. The premium lockbox charges will increase your costs.

👉 Our Take: We recommend Simple Showing for their Buyer’s Rebate Program. But Simple Showing has a minimum fee charge that could be higher than the advertised 1%.

SimpleShowing is a decent option when buying or selling a property.

• Easy Property Search: SimpleShowing provides a home search experience at your fingertips. You can look for properties and book home tours on their website, saving time and money.
• Professional Photography: They coordinate professional photos and videos of your home at no additional charge.
• Buyer’s Rebate: SimpleShowing rebates a portion of its commission to eligible home buyers.
• Dedicated Agents: From home valuation and developing a marketing strategy to negotiating offers and closing, their agents will always assist you.

During our research, we found a few red flags with Simple Showing.

• Buyer’s Rebate Eligibility: The buyer is eligible for a rebate only if the buyer uses SimpleShowing as their Buyer Broker.
• Lender’s Approval: Some lenders may not allow buyers to receive a refund from SimpleShowing. Lenders consider contracts, mortgage products, and pricing policies to allow the buyer to receive full or a part of the rebate amount.
• Minimum Commission: SimpleShowing has a minimum commission of $3,500. Rebate applies only if the minimum commission accounts for $3,500.
• Limited Coverage: Simple Showing provides services in only 3 states – Florida, Texas, and Georgia.

SimpleShowing has a 4.9 out of 5 stars from 125 total reviews on Zillow.

Ideal Agent is among the top discount brokerages. It is an agent matching service that specializes in home selling.

• Full Service – 2% Commission: The full-service package will get you all the services from start to end. This includes professional photos, negotiation, and closing assistance.

👉 Our Take: Ideal Agent is a good choice for home sellers. Although their overall online reviews are good, they are often inconsistent while matching agents with clients. They have no services for home buyers.

» What is Ideal Agent: Check out our reviews of Ideal Agent to know more about them.

Ideal Agent is an agent matching service that helps sellers find low commission real estate agents.

• Agent Matching: They claim that you will be matched with an agent from the top 1% producers in your locality.
• Pre-Negotiated Commission: Ideal Agent has pre-negotiated the commission with their agents. This allows sellers to focus on the other aspects of the transaction.
• Profit Maximization: Your agent will leverage the best features of your house and help maximize your sale profits.
• Dedicated Concierge: Their agents guide you in every step of the transaction from marketing, to negotiation assistance, and closing.

» How does Ideal Agent work: Here is a detailed explanation about them. Check it out!!

Ideal Agent has some drawbacks we came across in our research.

• Low Savings: Ideal Agent charges more than most low-commission companies, compromising your savings. You will be paying a total commission of 4.5% – 5% even with discounted listing fees.
• Additional Referral Fees: Ideal agent fees includes a 25% referral fee from real estate agents after successful transactions. Since you pay the agent, these fees are essentially going from your pocket.
• Outdated Technology: Their agent matching algorithm is inconsistent. Several customers complain about being assigned sub-par agents.
• No Buyer Support: Ideal Agent isn’t a buyer-focused platform and they offer no significant benefits for home buyers.

Ideal Agent has a rating of 4.9 out of 5 from 5,727 reviews on TrustPilot.

» Ideal Agent Reviews: Check out our reviews of Ideal Agent to make an informed decision.

Prevu offers a single package with all the start-to-end services you require during your sale.

• Full Service – 1.5% Commission: Prevu charges a lower commission of 1.5% of the sale price for selling a house. It includes various features like home valuation, 3D virtual tours, open houses, professional photographs, listing on MLS, and social ad campaigns.

Prevu Coverage: Prevu is available in New York, Massachusetts, Connecticut, California, Pennsylvania, and Washington.

👉 Our Take: We do not recommend Prevu real estate to most home sellers and buyers. It only helps in substantial savings if you’re buying a house priced above $750,000.

» Prevu Reviews: Is it really a good idea to choose them? To learn more, read the entire review!

Prevu is a full-service low commission brokerage based in New York that aims to change the old-school ways of the real estate market.

• Mortgage & Closing Costs Calculator: You can get an estimate of your mortgage and closing costs by using Prevu’s Calculator. The closing cost feature is only for NYC sellers.
• Buyer Rebate: Buyers who purchase a house with Prevu get two-thirds of the commission that Prevu receives from the seller.
• Smart Buyer Platform: Prevu’s technology allows buyers to search for homes, communicate with their agents online, schedule showings, and make an offer.

» How does Prevu work? Check this out to learn more about their functioning.

Here are some negatives of Prevu you should know about.

• Inconsistent Agent Quality: Prevu has limited and inconsistent agent matching, which compromises the quality.
• Variable Listing Fee: The listing fee varies as per your location, which could burn a hole in your pocket.

Prevu has a stellar rating of 5 out of 5 from 456 reviews on Google.

» Prevu Real Estate Reviews: Check out our in-depth reviews on Prevu.