8 min read Jun 01, 2024

Top 5 Discount Real Estate Brokers in Arkansas (2024)

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Edited By

Megha Mulchandani

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Editor
Edited By

Megha Mulchandani

Editor, Houzeo
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Megha M. is an adept content editor well-versed in the intricacies of American market dynamics and economic trends. In her free time, she excels as a versatile theatre artist and public speaker.

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From Bentonville to Magnolia, sellers across Arkansas can save thousands on real estate agent commissions. With discount real estate brokers in Arkansas, you can slash the traditional 6% rate down to just 2% to 3%.

The current median home price in Arkansas is $240,500. The traditional 6% commission will cost you a whopping $14,430. A discount Realtor offers you similar services at just 1.5%. With a competitive buyer agent commission of 2.5%, you now have to pay only a 4% fee. That’s just around $9,620.

You can lower this amount to around $7,215 if you list on the MLS with Houzeo’s Gold plan. You also get the professional services and tools available to real estate agents at a fraction of the cost.

Rankings: Best Discount Real Estate Brokers and Companies in Arkansas

We’ve researched and compiled a list of the best discount real estate brokers for you.

RankDiscount Real Estate Broker / CompanyListing FeeAdditional ChargesMax Savings100% OnlineMobile App
1.Houzeo.com$399
Flat Fee
2.Small Fee Realty LLCVaries
3. UpNest4.3%
commission or As decided by the agent
4.Flat Fee RealtyVaries
5. FSBO.com $399

Reviews: 5 Best Discount Real Estate Brokers in Arkansas

1. Houzeo.com

#1 Discount Real Estate Service

Houzeo.com
Houzeo Logo
  • Listing Fee: $399
  • Available nationwide
  • 5 Stars 4.9/5 (8,400+ Reviews)

Houzeo is a top technology-driven real estate platform. It offers 4 different packages:

  • Bronze Package ($399): List your house for 6 months. You can upload 24 house photos.
  • Silver Package ($399+0.5% at Close): List your home for six months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
  • Gold Package ($429+0.5% at Close): This gives you all the benefits of the Silver package. It also provides licensed broker assistance, contract review, etc.
  • Platinum ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12-month. Brokers assist you in negotiations, disclosures, and closing.

👉 Our Take: We recommend Houzeo to all home sellers. The company has an excellent customer rating of 4.9 out of 5 stars. It has extensive coverage across 47 states + DC, a feat achieved by only a handful of other services.

» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities within 60 minutes.

These are the key features that make Houzeo one of the top discount real estate brokers:

  • Significant Commission Savings: You will pay just a small flat fee to list on MLS. On average, home sellers who used Houzeo saved $11,490.
  • No Hidden Fees: All costs are disclosed upfront so you don’t have to worry about hidden charges.
  • Near Nationwide Coverage: Houzeo operates in 47 states and DC, with ongoing plans for expansion.
  • Max Exposure: Houzeo packages give you access to renowned MLS companies.
  • Advanced Technology: Eliminate the hassle of extensive paperwork. E-signature and online forms make house listing quick and easy.
  • 5-star Customer Service: Dedicated customer support addresses your every concern easy.
  • Mobile App: Houzeo’s mobile app lets you manage showing requests from verified buyers and buyer agents. You can either accept, reject, or reschedule showings at your convenience.

There are no dealbreakers with Houzeo.

» Houzeo Reviews: Houzeo is rated “Excellent” by 8,400+ happy customers on Google Reviews and Trustpilot!

Houzeo Reviews: With over 8,400+ happy customers, Houzeo is the most trusted discount real estate broker.

Houzeo is America’s #1 ranked real estate brokerage company. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.

Houzeo’s flat fee feature helps you save thousands on agent commissions. You also get dedicated customer support that makes the home-selling process easier.

2. Small Fee Realty LLC

GOOD EXPOSURE

Small Fee Realty LLC
Small-Fee-Realty
  • Listing Fee: Varies
  • $29.99 per month until your home sells
  • 4.5stars 4.8/5 (40+ Reviews)

Small Fee Realty offers services for both home sellers and home buyers. 

For Home Sellers:

  • 1% Listing Commission: It includes a 12-month local MLS listing, professional photos, yard signs, pricing and staging advice, access to digital flyers, and a secure realtor lockbox. Your home gets listed on 900 national and local websites.
  • Silver Listing ($375): In this plan, you get six months of MLS Listing with photos and a full seller representation by a licensed Realtor for  0.75% at closing.
  • Gold Listing ($525): You get 12 months of MLS listings with professional HDR photos. They also offer a full seller representation by a licensed Realtor for 0.75% at closing.
  • Platinum Listing ($750): It includes professional HDR photos and a 3D virtual tour. They also get you listed on additional MLS markets and offer a full seller representation by a licensed Realtor for 0.75% at closing.

For Home Buyers:

  • Buyers Rebate: You get $1,000 when you purchase your next home through Small Fee Realty.

👉 Our Take: Small Fee Realty Arkansas is good for AR home sellers and buyers. However, they charge an additional 0.75% at closing if you opt for the extra assistance.

Small Fee Realty has certain advantages:

  • Full Seller Representation: You have the option to opt for a full seller representation by a licensed realtor with every plan. Although you must pay an additional 0.75% at closing if you opt for the service.
  • Professional Photography: In the expensive plans you get professional photos to maximize your chances of finding the best offer.
  • Optional Buyer Lead Forwarding: In the Platinum Listing plan you can opt to get the buyer leads directly.

Small Fee Realty has certain disadvantages:

  • Expensive Flat Fee Plans: The whole point of an FSBO plan is to save money! Even the basic plan starts at $375 + 0.75% at closing in case you opt for more assistance.
  • Per Month Listing Charges: You must pay $29.99 per month until your home sells. Most platforms offer a fixed listing term (6 to 12 months) inclusive of the flat fee plan you select.
  • No Moblie App: Small Fee Realty has no mobile app to make the list-to-close process easy to manage for an FSBO seller.

Small Fee Realty enjoys 4.8 stars from 5 stars rating on Google.

Small Fee Realty is a good choice for home sellers and buyers in Arkansas. They offer services for both home sellers and home buyers.

However, they charge an additional 0.75% at closing if you opt for extra assistance. This is charged over your one-time flat fee payment. So, it may not be ideal for budget-conscious sellers!

3. UpNest

Negotiable FEES

UpNest
Upnest logo
  • Listing Fee: 4.3% of the Sale Price (or as decided by the agent)
  • Available in all major cities
  • 4.75 Stars  4.7/5 (295+ Reviews)

UpNest is a marketplace that connects home sellers and buyers with local agents.

  • Pricing: UpNest does not charge you any upfront fee. It allows their agents to discuss the pricing with you like commission, fees, discounts, etc.

👉 Our Take: UpNest introduces you to 2 to 3 agents once you register on their platform.

» Is UpNest Legit? Find out if UpNest can be the best option for your house sale.

UpNest offers certain advantages:

  • No Fees: UpNest does not charge you an upfront commission. Instead, you are introduced to an agent to discuss the services and commissions.
  • User-Friendly Dashboard: It has a user-friendly dashboard which makes it easy to compare agent profiles.
  • No Obligation Service: UpNest connects you with multiple agents as soon as you sign up with them. If you are not satisfied, then you can simply walk away.
  • Nationwide Coverage: Prevu offers service throughout the US. It connects you with the local agent who has current market insights.

» What is UpNest? Read the comprehensive study for UpNest to learn more details!

UpNest has certain disadvantages:

  • Lower Savings: The commission depends on your negotiation with the agent. A higher commission fixed would make you pay more.
  • Uncertain Customer Service: Some customers share feedback of agents being extremely helpful and knowledgeable. However, less experienced agents struggle to answer simple questions.

» How Does Upnest WorkAgent-matching at UpNest is pretty straightforward. Check it out!

UpNest has a rating of 4.7 out of 5 stars on Google.

» UpNest Reviews: How Much Will it Save You in 2023?

UpNest is a licensed agent-matching brokerage. It is headquartered in California. Move, Inc., (the parent company of Realtor.com) acquired UpNest in June 2022.

UpNest pairs you with local agents with a proven sales record. However, you may end up fixing a high commission for the agent.

4. Flat Fee Realty

GREAT SAVINGS

Flat Fee Realty
Flat Fee Realty
  • Listing Fee: Varies
  • 3.5 Stars 3.4/5 (9 Reviews)

Flat Fee Realty offers a single Flat Fee MLS package, the price of which varies by state. The listing agent also retains a small percentage of the buyer broker’s commission.

  • Standard services included in the flat fee package are a listing term of 6 months with six photos. Your listings get syndicated to Zillow, Trulia, and Realtor.com. The package also includes free listing upgrades and state disclosures.

Listing Photos Upgrades: If you want to change your listing photos, you must purchase upgrades separately. You can add up to 25 photos for $50. 

👉 Our Take: Flat Fee Realty is a good option if an affordable plan is your priority. However, the company charges additional fees for optional upgrades like photos. Also, it does not offer any services to home buyers.

Flat Fee Realty is a decent option if you are looking for a low-cost real estate brokerage.

  • Market Exposure: Your listing gets syndicated to the local MLS and other real estate websites like Zillow, Trulia, and Realtor.com.
  • Full Representation: Flat Fee Realty offers a full representation of your property, enabling you to sell your home quickly.
  • Custom Home Search: You can save your home search preferences on their website. Later, you can view homes matching your description as they become available.

In our research, we have found some red flags associated with Flat Fee Realty.

  • Low on Tech: Flat Fee Realty is not 100% online. Some of the processes are carried out manually. Your listing might get delayed.
  • Non-customizable Packages: Flat Fee Realty’s listing package provides no scope for customization. The package is a one-size-fits-all plan, limiting the options you want. 
  • No Buyer Support: Flat Fee Realty isn’t a buyer-focused platform, offering no significant benefits for home buyers.

Flat Fee Realty has an average rating of 3.4 out of 5 on Yelp.

Fred Romano owns Flat Fee Realty LLC. The company is a licensed brokerage in Connecticut. In the remaining states, they partner with licensed brokers to list your property on the MLS.

Flat Fee Realty charges 0.10 – 0.25% commission at closing. Even though they claim the buyer agent pays this, the entire commission comes out of the seller’s proceeds.

5. FSBO.com

OLDEST FSBO WEBSITE

FSBO.com
Logo - FSBO.com
  • Listing Fee: $399
  • Wide coverage
  • 2.5 Stars 2.9/5.0  (2 Reviews)

FSBO.com is the oldest FSBO website. It offers two home-selling plans.

For Home Sellers:

  • FSBO Package ($99): This package lists your property on FSBO.com for 6 months. You can upload unlimited photos and one video. It allows you to edit or cancel your listing at any time.
  • MLS Package ($399): Your property is listed on the MLS for 6 months. Listings are syndicated to Zillow, Realtor, Trulia, and more. Few more services like photographs, yard signs, etc are offered as per the state selected.

For Home Buyers: 

  • Free Property Search: Buyers can search for properties on FSBO.com at no charge. It is free for 7 days after which buyers must pay a monthly fee of $39.80.

👉 Our Take: Sellers offer flat rate packages for MLS listing and FSBO sellers. These packages provide the best platform to sell your house effortlessly. However, FSBO.com charges extra for their state-specific supplies like yard signs, directional arrows, brochures, etc.

FSBO.com offers below advantages:

  • Access to Legal Forms: You can find state-wise contracts and forms in its online library. It includes forms like seller disclosure, FSBO contract, title agreement, etc. This feature comes in handy for FSBO sellers and saves time in the necessary document collection.
  • Simple User Interface: FSBO.com is easy to navigate. It allows you to create your listing and add relevant information.

FSBO.com has certain challenges for its users:

  • Limited Automation: FSBO.com allows you to do only the basic listing transaction online. Some paper formality needs to be done manually due to a lack of online automation or downloadable resources.
  • Extra Charges for Yard Sign: You have to pay $75 extra to get a ‘For Sale’ yard sign. This will ultimately add to your low flat fee package and you end up paying more.
  • Upfront Cancellation Fee: You need to pay an upfront fee to cancel your membership within 6 months. Check with your agent about the upfront charge as per your state before you sign the contract.

FSBO.com has been rated 2.9 out of 5.0 on Trustpilot.

» FSBO.com Reviews: Find out why the oldest FSBO site isn’t the best in 2023’s slow market.

FSBO.com is available in all states with coverage in 50+ markets. They allow sellers to list their property for sale while saving on the listing agent’s commission.

But you should know that additional services can add up to a total of $335 in costs over and above your flat fee package!

What Are Discount Real Estate Brokers and Companies?

Discount real estate brokers are companies or agents who sell your home for less than the standard 2.5% to 3% commission. Such low-cost real estate agents typically offer the same services for reduced fees of 0.5% to 2% or a flat fee.

How Much Can I Save With a Discount Realtor in Arkansas?

As a seller, you can save anywhere between $10,000 and $20,000.

Typically, home sellers pay a total of 6% as Realtor commissions to both the listing agent and the buyer’s agent. Whereas, with discount real estate brokers you can pre-negotiate this at 1% to 2%.

As a home buyer, you get a buyer’s rebate – a type of cashback received after the sale. A typical buyer rebate is 1% to 2% of the home’s purchase price. For example, Redfin offers a buyer rebate of 0.5% to clients who sell and buy with Redfin within 1 year.

Types of Discount Brokers in Arkansas

The four major types of real estate discount brokerages and companies in The Natural State are as follows:

1. Flat Fee MLS Companies: Flat Fee MLS companies get you on the MLS for a small flat fee saving you thousands in commissions. The Best Flat Fee MLS listing companies like Houzeo can get you on the MLS within 24 hours, or even faster!

2. Flat Rate Full-Service Companies: These companies charge a fixed fee instead of the regular 3% commission. This amount can be anywhere between $3,000 and $5,000. A flat-rate Realtor is perfect for homes priced on the higher end.

3. Low-Commission Estate Agents: Low-commission discount brokers offer full-service packages at only 1% or 2%. They cover everything from listing, negotiations, and pricing. They are also called 1% commission Realtors, or 2% commission brokers, etc.

4. Virtual Full Service: A virtual full-service discount broker handles everything online. All services including negotiation and marketing support are at no additional cost.

Pros and Cons of a Discount Realtor

Here are the pros and cons of discount Realtors:

Pros

  • Reduced Fees: You’ll pay less for listing agent fees. While standard brokers typically charge at least 3%, discount brokers may charge as little as 0.5% to 1%.
  • Full Access to Basic Services: You receive the same services as you would with a traditional agent. They assist with home pricing, marketing, and negotiations.
  • Streamlined Process: A low-cost Realtor provides similar services as traditional agents. They streamline the process of listing your property on the MLS, marketing the property, negotiating offers, and assisting with paperwork.

Cons

  • Not Enough Savings: Some discount brokerages may charge hidden fees or sell their services a la carte. This might add to your expenses.
  • Not for First-Time Sellers: Most discount real estate brokerages are digital, so you rarely talk to anyone in person. A first-time seller or buyer who needs some hand-holding may not be able to get benefits.
  • Lack of Personal Attention: Discount Realtors handle multiple clients at once to make up for the reduced commission rate. They may not be able to provide personalized services.
  • High Cancellation Fee: A discount realty company can charge a minimum withdrawal fee within a specified period. Remember to carefully review the terms and conditions of the contract before signing.

Who Should Use a Discount Broker?

Discount brokers are ideal for:

  • Sellers on a Tight Budget: Homeowners who wish to save money should list with a low-fee Realtor. This can help them save big. 
  • Real Estate Investors: Real estate investors who frequently trade homes can benefit from low-commission discount brokers.
  • House Flippers: Home flipping is a strategy where an investor purchases a property to renovate it and sell it for a profit. Home flippers can save thousands on agent commissions by selling via discount brokers.

Alternatives to Discount Real Estate Agents in Arkansas

Here are some options if you do not want to opt for a discount Realtor in Arkansas.

  • List With a Full-Service Realtor: If you need hand-holding, we recommend you hire a full-service in-person Realtor. You’ll get all the professional help you need, but you will end up paying a full 5% to 6% commission.
  • Sell to an iBuyer: Many iBuyers, like Opendoor and Offerpad, purchase hundreds of homes in Arkansas markets. iBuyers can be a great option if you want to sell your house fast in Arkansas.
  • Sell to Cash Home Buyers: Individual cash home buyers and companies make all-cash offers, usually within 24 to 48 hours. Cash buyers let you skip the hassle of listing on the MLS, inspection, appraisal, etc.
  • Sell For Sale By Owner: For Sale By Owner websites in Arkansas will help you list and sell a house by owner and save thousands in listing agent commission.

Are Discount Brokerages Worth It?

YES! There are various advantages to using a low-cost real estate agent. Using an affordable brokerage can save you at least $8,000 to $10,000.

There are several discounted real estate brokers on the market today, each with its own set of advantages. Examine factors such as listing fees, listing time, services provided, customer service, and coverage before you choose one.

With Houzeo, you can get your home on the MLS in 24 hours, for a small flat fee. You get extra savings and services like, access to offers dashboard, showings management, and many more.

Eager to Know How Houzeo Works?

Houzeo is the #1 For Sale By Owner website in the U.S. Check out the following video to understand how Houzeo would help you crack the deal faster in 5 steps.

How to List on MLS With Houzeo?

5 Easy Steps to List on MLS with Houzeo as FSBO

Start Your MLS Listing NOW!

» Need More Clarity? Read these exclusive Houzeo reviews and learn why the platform is the best in America’s competitive housing market.

Frequently Asked Questions

Who are the best discount real estate brokers in Arkansas?

Houzeo.com, and UpNest are the top discount real estate brokers in Arkansas.

How much is the real estate agent fees in Arkansas?

On average, traditional agents in Arkansas, charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokers charge 1% to 3% commission.

How do I find low cost discount Realtors near me to sell my home?

You could do a Google search, go with an agent from one of the national discount brokers like Redfin, or list your home using Houzeo. With Houzeo, your home will be listed on the MLS without the added expense of a listing agent.

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