In April, the median price of each house in Los Angeles was $1.0M! California is a great market for real estate transactions. However, it can be expensive to sell a house since California has high commission fees. To make it better, discount realtors are high in demand as they charge low commissions. Let’s look at some of the best discount real estate brokers in California.
» Jump To:
- Rankings: Best Discount Real Estate brokers in California
- Reviews: Best Discount Real Estate brokers in California
- Everything You Should Know About Selling with Discount Real Estate Brokers & Companies
- Alternatives to Discount Real Estate Brokers in California
Rankings: Best Discount Real Estate Brokers & Companies in California
|Rank||Discount Real Estate Broker / Company||Listing Fee||Max Savings||100% Online||5-Star Reviews*||Broad Coverage||Mobile App|
|2.||CA Flat Fee||$5000 Flat Fee||❌||❌||✅||❌||❌|
|3.||1% Listing Fee||1% commission||✅||❌||❌||❌||❌|
|4.||HomeLight||2.5% of sale price||❌||❌||✅||❌||❌|
|5.||Prevu||1.5% of sale price||❌||❌||✅||❌||❌|
Reviews: Best Discount Real Estate Brokers & Companies in California
Houzeo an online real estate company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.
💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.
⚡ Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.
⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, a live person picks up the phone on the other line.
📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:
- IntelliList Listing Management System: Lets you manage your listing 100% online.
- Houzeo Showings: Manage to show appointments online.
- Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter any offer. In a multiple-offer situation, you can also call for the highest and best offers.
- Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Houzeo Settlement Agent Platform: Guides you to your closing.
👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.
» Start your free listing on Houzeo.com today!: Save this link.
- Nationwide coverage
- Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- Quick listing (within a day with concierge)
- Savings on commissions
- 100% online – easy listing, fast changes, online showings, and online offers
- Mobile app availability
Houzeo is available nationwide.
2. CA Flat Fee
CA Flat Fee is a full-service real estate company that provides its services at a lesser price to its customers. They provide their services in California giving great local exposure to their sellers. Due to their professional staff and good customer service, CA Flat Fee is a local favorite amongst home sellers and buyers.
💰Flat Rate On Service: They offer their full service at a fixed rate of $5000. This cost covers everything from listing to closing.
👨💼Agent Management: Their agents are highly qualified and offer great customer support throughout the process. They also provide expert insights into the local real estate market that can help home sellers better.
📱Additional Features: The fixed price not only includes the listing and documentation but also photography, showings, and sale negotiations with the buyers.
- Full service at a fixed rate.
- Great local exposure for sellers in California.
- Well-Informed & Qualified Agents.
- The fixed-rate may be costly for inexpensive properties.
- More profitable for expensive properties.
CA Flat Fee has an average rating of 5 out of 5 on Google.
CA Flat Fee covers the state of California only.
3. 1% Listing Fee
1% Listing Fee is a full broker service that provides its services to the home sellers in California. They offer their complete service at a 1% commission only.
💵Affordable Full-Service: 1% Listing Fee offers a full-service package at 1% commission. This plan provides sellers significant savings at the end of the sale process.
👨💼Agent Management: Agents at 1% Listing Fee offer their expertise and support through every step of the process. Due to their experience in the local market, they can offer great insights to their sellers.
📜Features: Their full-service package includes everything from MLS listing, in-home consultation, photography, free home value report, and much more.
📱Additional Features: They have additional features such as walk-through video, and staging assistance as well.
- Cost-Effective Full-Service Package.
- Great support during the sale process.
- Good local exposure for sellers based in California.
- Their package also includes professional photography and a virtual tour.
- Ideal for sellers who want to save money and enjoy full service.
1% Listing Fee has an average rating of 4.8 out of 5 on Google.
1% Listing Fee covers few counties in the state of California.
- Listing fee:2.5% of the sale price
- Good agent coverage
- 4.5/5.0 (211 reviews)
HomeLight has worked with thousands of sellers, good real estate agents, and brokers to create tailored guides and resources for selling a house in any circumstance.
💸 Free offers: You can list your home and get offers for free, but the traditional 5-6% commission still applies, depending on the agent. And, offers may be lower than the market value. Based on the real estate agent you choose, he/she would be able to list your property on the MLS.
💻 Multiple Plan Options: HomeLight offers details of the best real estate agents in your selected neighborhood for both full and limited service plans.
⏳ Quick Processing: Answer a few quick questions about your home and timeline, and you will get offers from agents instantly. Although the process is fast, only homes that are off-market are allowed.
- Good technology
On Sitejabber, HomeLight has an overall
HomeLight only covers some of the major cities in the U.S.
- Listing Fee: 1.5% of the sale price
- Restricted coverage
- 5.0/5.0 (348 reviews)
Prevu, another discount realtor broker, offers sellers to list their property at a reduced price (1.5% of the sale price) when compared with the traditional realtor commission. The buyers get a 2% rebate when they buy a house on Prevu.
💰Reduced Listing Price: The listing price is lesser than the realtor commission, but it is still high when compared with other discount real estate brokers/companies. So, whether it is profitable or not is based on the seller’s requirements.
👨💼Agent Management: When selling with Prevu, you may have to work with a limited number of agents.
📱Additional Features: An important point to note is that the 1.5% listing fee is variable and changes as per the state. Prevu, however, does provide access to various features like home showings, open houses, professional photographers, listing on MLS, and much more. Also, most of the documents provided by Prevu as part of the selling process are digital and require an e-sign.
- Qualified agents
Prevu has an on Google.
Prevu covers the states of New York, Massachusetts, Connecticut, California, and Pennsylvania.
Everything You Should Know About Selling with Discount Real Estate Brokers & Companies
What are Discount/ Low Commission Real Estate Brokers & Companies?
Discount real estate brokers or low commission real estate agents are people that provide services at a discounted fee. Instead of charging the seller standard agent commission of 3% (listing agent commission), low cost realtors will work for less (such as a 1%-2% commission or a pre-defined flat fee) and provide restricted services. The reduced fee can easily save sellers a good amount of money.
Discount real estate brokers typically offer the same services as full-service brokers. The key difference is the price.
Types of Low-Cost Realtors
Low commission real estate agents are of 4 types:
1. Flat Fee MLS Brokers
A flat fee MLS listing company or service is nothing but a registered real estate agent with a low commission or discounted broker/that lists your home on the MLS for an upfront flat fee.
The seller and the broker agree on a la carte services, and the broker takes a flat fee instead of a percentage of the home’s sale price. Say you want to sell a $500,000 home. A traditional agent will charge you between 2% and 3% of the sale price. That’s 15 grand!
With a flat-fee model, you’ll pay an average of $300, which includes listing and marketing. Even if you choose to add services like pricing and buyer negotiations, you will still save money.
Want Traditional Realtor’s Service With Minimal Interaction?
👉 Houzeo makes it possible!
Houzeo offers competitive deals with a 100% online presence and cutting-edge technology. Houzeo’s tech-centric broker partners charge just the upfront flat-fee, and no commission for all DIY plans.
2. Virtual Full-Service Agents
Traditional real estate agents list your property, do the documentation, handle the showings, and negotiate for you. Low commission real estate agents do it all virtually.
Due to their cloud-based presence, they have many advantages such as lesser fees, discounted commissions, and better management and marketing support. Many MLS listing companies like Houzeo, also provide full-service options that are 100% online.
- ✍️ SAVE: A virtual full service company will not provide any in-person agent support, meaning, you will have to take over most of the groundwork. It may not be the best option for a first time seller. .
3. Flat Rate Low Commission
You can choose a low commission (flat rate) agent in some markets. For a flat fee of $3,000 to $6,000, the agent will sell your home. The flat rate is usually based on how much the house is worth and how well the agent does their job. In this case, there is no percentage listing fee. Everything has a fixed price. Homie is one of the best examples of a real estate broker with a flat rate listing of $3500 and a low commission rate. Since Homie doesn’t offer as many services as a full-service real estate agent, it can easily make up for the lower prices it charges.
Think about this: The price on the list is $450,000. With a flat-rate model, the agent’s commission fee stays the same no matter what happens, even if you agree to sell your home for less money. This is because it is a flat rate that doesn’t depend on how much the house is sold for.
Before you hire a low fee real estate brokerage, you should find out what kind of service you can expect from the company. Make sure you’ve read the contract all the way through before you sign it. Some services, like consultation, professional photography, yard signs, and other marketing materials might be included in the flat fee, but this is not guaranteed.
So, if you don’t include them in your budget, you may have to pay a lot of money out of your pocket. Any contract with a flat-fee agent needs to be read carefully, especially the small print. Also, keep in mind that even if you use a flat-rate agent, you will still have to pay the buyer’s agent fees, which will be between 2.5 and 3 percent.
4. Discounted Real Estate Brokers
Full-service discount brokers offer many of the same services as traditional realtors for a low listing fee or flat rate, but they don’t charge as much. When a house is sold, they give the seller money back in the form of a discount on their commissions.
For example, if a full-service discount broker charges 1.5 percent of the sale price instead of the standard 2.5 percent of the sale price on a $450,000 house, you will save $4,500 in commissions. There are many discount real estate brokers, but they are not all the same.
Some have a lot more value and a lot less risk than others. But in most businesses, you have to take what you can get. All of these things could happen if there aren’t many services, if there’s less support if agents don’t have much experience, and if there’s not much to choose from. For example, Heights Discount Realty charges a 5% commission against the traditional 6% commission. The discount may be minimal, but still helps sellers to save some money. But in most businesses, you have to take what you can get. Since there are fewer discount real estate brokers, sometimes you may have to settle for what you get.
👍 BETTER IN ALL – AGENTS, SERVICES & SAVINGS!
Why pay a higher commission for a lower service? With Houzeo you can get better services at an affordable price!!
- 👩💼Qualified and Reputed Agents
- 💰You list your home at a very reasonable price within 24 hours
- 📣 Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- ⭐ 5-Star Customer Support
- ❌ You can cancel anytime with no obligation
4 More Ways To Get Discounted Realtor Fees
Can you negotiate well? Negotiations can help you to cutback on charges that can be avoided. In fact, commissions in the real estate industry can be negotiated if you know your leverage. Even if the company is a flat-rate discounter, you can always ask for a few minor tweaks. You can lower the amount you pay by a wide range of factors, including the location of your property, its condition, and the brokerage.
Houzeo, a low-cost real estate company, can save you tens of thousands of dollars in commissions while still providing excellent service. If you want to lower your commission, keep reading to learn how:
Average Area Commission
Know your property’s worth before negotiating. Average real estate commissions in California can influence your sale price. Lowering your overall commission may not be advisable. Once you know your reference point, negotiations can get a lot more reasonable.
Buying and Selling With the same Discount Brokerage
Using the same discount brokerage or company to buy and sell has its own set of advantages. It makes you more likely to be repeat customers, giving you more chances to get refunds and cheaper commissions. For example, Landfall Properties, an MLS listing company, offers a rebate that can only be applied to your next purchase with the same company.
Pick the right type of discount broker
For example, picking a flat rate discount broker may not be the best option if your house is priced on the lower end. You will wind up losing more, instead, for maximum savings, you can pick a flat fee MLS company.
Buyer Agent Fees
Almost all buyers work with an agent. For maximum savings, offer a competitive buyer agent commission. Once you cut out the risk factor of selling the house, your listing agent will be more comfortable with lowering their fee.
How to choose a Low commission/ Discount Real Estate Broker, Brokerage, or Company?
To find low-commission California realtors, look for a discount broker brand. Check for services and top companies. You will be assigned a low-commission real estate agent based on brokerage policies. As a seller, you can choose the right broker.
Low Commission Real Estate Agents/ Discount Realtors Who Offer Flat Fee MLS Near Me
Before opting for a low commission brokerage, you should know its coverage. Many discount real estate companies offer their services locally only. All the low commission real estate agent providers do not have the same coverage. Some have nationwide coverage while some are restricted to a few states. For example, CA Flat Fee only offers its packages in California.
We’ve compiled a list of the best flat fee MLS Listing Services in each state. Click on your state to check them out!
Alternatives to Discount Real Estate Brokers in California
A traditional agent assists you in buying, selling, renting, and all other aspects of real estate. A listing agent and a buyer agent are two types of traditional agents. Agents operate for brokerages and companies or under the supervision of a qualified broker.
Let’s get down to business with their commissions. The average overall commission fee for selling a home is 5%. This is deducted from the seller’s proceeds and shared between the listing and buyer agents. The commission rate changes regularly and is determined by the location of your property.
The listing agent assists the seller in the sale and marketing of their home. The buyer’s agent, on the other hand, brings in clients who buy the house. They each get 2.5 percent after closing for a total of 5%.
An instant buyer, often known as an iBuyer, is a corporation that buys houses for sale for a cash offer. Unlike the usual way, the major goal is to sell it swiftly and efficiently. They employ cutting-edge technology and provide you with complete closing flexibility.
They make reasonable offers, although with a large service cost. Most iBuyers charge additional closing fees, which can easily push your commissions up to 12%! For example, Redfin Now charges up to 13% in service fees, 3% in maintenance fees, and 1% in closing costs, which can potentially total up to a staggering 17 percent!
iBuyers have their own set of rules, with costs that aren’t necessarily in line with market norms. It is always better to pick a discount real estate broker instead and save thousands of dollars!
For Sale By Owner
As the term indicates, a for sale by owner property is sold by the owner without the assistance of a listing agent or real estate broker. It’s the most cost-effective approach to avoid commissions and selling your house quickly. FSBO is ideal for sellers with some experience with the selling process and marketing. The best way to FSBO is to list on the Multiple Listing Service. Their large database allows them to market your home to agents throughout the country, allowing it to sell faster and with the most exposure possible.
Let’s Find Out How Houzeo Works
Real estate bargain brokers fall midway between a for-sale-by-owner and a full-service agency. With MLS listing packages starting at $349 and cutting-edge technology that allows you to manage your property, review offers, counter, and manage showings online and via their mobile app, Houzeo delivers the best of both worlds.
Check out the following video to understand: What is Houzeo? How does it work? And, why it is the best FSBO & Flat Fee MLS platform out there?
What is Houzeo?
An overview of what the platform is all about
There are several low cost realtors, online low commission real estate agents, and discount real estate brokers in California present in the market today that provides unique features. For a seller, it is recommended to check on pointers like listing fees, listing time, services offered, customer service, coverage, and technology to select a particular broker.
While there is close competition between the umpteen discount realty companies, Houzeo comes out to be a clear winner. With Houzeo, you get almost everything you require to sell your property. Not only sellers, but Houzeo also helps buyers with a lot of add-on features.
Moreover, Houzeo is 100% online and automated to cater to various seller needs. Additionally, the platform is one of the leading Flat-Fee MLS providers that has changed the way FSBO works in the real estate industry.
Frequently Asked Questions
How much do real estate brokers make in California?
According to PayScale, the average salary of a real estate broker in California is between $26k - $176k. This compensation is based on the experience, skill sets, and city they are based.
How much commission does a realtor make in CA?
The average real estate commission in California is 5%-6%. For example, your house is priced at $500,000. A traditional agent will charge you between 2% and 3% of the sale price - which is 15 grand!
Are real estate commissions negotiable in California?
Yes, you can negotiate realtor fees if you know your property's worth. A seller can negotiate based on the condition of the house, and the location of the property. It is advisable to negotiate in the beginning because unaware sellers can end up paying high commission fees which they could have avoided. So, negotiate on the terms both parties can mutually agree upon.
What is a discount broker in real estate?
A discount broker is similar to the traditional full-service real estate agent. They offer all the services that a traditional agent would provide at a discounted commission or flat rate. This does not mean that they offer mediocre services, instead, they provide a more customer-centric approach at a lower rate.
Related Keywords: discount real estate brokers near me, california real estate commission, california mls listings, real estate discount brokers, real estate broker discount, discount real estate brokers, discount real estate agent, discount real estate agents, discount broker real estate