From Green Valley Ranch to Marston, home sellers across Denver dread the 6% real estate agent commission. The best discount real estate brokers use cutting-edge technology and stellar customer service making it easy to sell your home.
👉🏻 Key Takeaways
- Discount real estate brokers will help you list your home for 0.5% to 2% commission. Traditional listing brokers charge 2.5-3%.
- The discount is on the listing fee. You still have to pay the buyer agent commission, typically 2.5-3%.
- Discount real estate brokers will save you between $5,000 to $20,000 on average.
- Houzeo.com is America’s best discount real estate company. Houzeo offers the best combination of maximum exposure, commission savings, cutting-edge tech, and stellar customer service.
We’ve spent thousands of hours researching discount real estate brokers and compiled our list of the best discount real estate brokers.
Rankings: Best Discount Real Estate Brokers in Denver
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | 100% Online | 5-Star Reviews* | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo | $349 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | Fixed Rate Real Estate | $5000 Flat Fee | ❌ | ❌ | ✅ | ❌ |
| 3. | HQ Homes | 1% Commission | ❌ | ❌ | ❌ | ❌ |
| 4. | Homie | 1.5% of the sale price | ❌ | ❌ | ❌ | ✅ |
| 5. | Trelora | 1.5% Commission | ❌ | ❌ | ❌ | ✅ |
Reviews: Best Discount Real Estate Brokers in Denver
1. Houzeo
#1 Discount Real Estate Service
Houzeo.com
- Listing Fee: $399
- Available nationwide
4.9/5
(8,400+ Reviews)
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.com is Colorado’s #1 ranked Flat Fee MLS service. Houzeo provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
In Colorado, Houzeo’s Bronze package is priced at $329 + 0.5% at closing (Minimum $999). The Silver package is priced at $399 + 0.5% at closing (Minimum $999), and the Gold package costs $379 + 0.5% (Minimum $999) at closing. The full-service Platinum package costs $349 + 1% (Minimum $999) at closing.
2. Fixed Rate Real Estate
GREAT LOCAL EXPOSURE
Fixed Rate Real Estate
- Listing Fee: $5,000 Flat Fee
- 4.9/5
(70+ Reviews)
4.9/5
(70+ Reviews)Fixed Rate Real Estate is a flat fee discount brokerage in Colorado.
For Home Sellers:
- Full-Service Package ($5,000): This package includes services like comparative market analysis, pricing recommendations, showings coordination, etc. It doesn’t have any hidden fees.
For Home Buyers:
- Buyer’s Rebate (1% ): Buyers get a 1% rebate from the buyer’s agent commission. They get this benefit only if they purchase & finance through the company’s agent & lender respectively.
👉 Our Take: Fixed Rate Real Estate offers a flat fee commission model. It is a good option for home sellers who want to sell their house with a prepaid amount for traditional broker services. However, the flat fee charged is too high compared to other discount real estate brokerages.
Fixed Rate Real Estate offers several advantages:
- Experienced Agents: Sellers get expert guidance from experienced brokers at every step of the process.
- Cash Offer: Home sellers looking for a quick sale can opt for the cash offer from Buyout Realty, the sister company.
- Effective Marketing Strategies: Fixed Rate Real Estate offers fresh marketing ideas to increase the property’s visibility. Your MLS listing is advertised on social media platforms to get buyer’s attention.
Fixed Rate Real Estate has certain drawbacks:
- Limited Coverage: Fixed Rate Real Estate covers some of the cities and counties in Colorado. This limits their customer base as well as the pool of potential home buyers.
- No Buyer Rebate: Fixed Rate Real Estate does not offer fixed buyer rebates. The buyer doesn’t know how much rebate they get until they consult with the agent.
Fixed Rate Real Estate has a rating of 4.9 out of 5 stars on Google.
Fixed Rate Real Estate has been in the real estate business for almost a decade. They cater to home sellers and buyers through flat fee services.
However, they have limited coverage and do not have a buyer’s rebate program.
3. HQ Homes
COST-EFFECTIVE SERVICES
HQ Homes
- Listing Fee: 1% of Sale Price
- 4.0/5.0
(4 Reviews)
HQ Homes is one of the discount real estate brokerages in Colorado.
For Home Sellers:
- 1% Commission: You need to pay a 1% commission on the final sales price to the agent. The package includes MLS listing, property marketing, professional photographs, etc.
For Home Buyers:
- 1% Buyer’s Rebate: Buyers get a 1% rebate of the buyer’s agent commission if they purchase their house through HQ Homes.
👉 Our Take: HQ Homes offers sellers all the traditional home-selling services at 1% commission. However, a high-value house may have to pay a considerably high commission.
HQ Homes offer the following advantages:
- Experienced Agents: HQ Homes agents have been in the business for 30+ years. Their market expertise can make home-selling effortless.
- Maximum Market Exposure: Properties get exposure to popular real estate websites like Zillow, Realtor.com, and Trulia. This can draw the attention of potential buyers and increase the number of offers.
- A+ Accredited Company: The company has good market credibility. With over 50+ reviews, it has earned strong trust and customer satisfaction.
- Buyer Agent Representation: As part of the buyer rebate program, homebuyers receive agent representation. They offer listing access, financial advice, assistance with legal matters, and more.
HQ Homes has the following drawbacks:
- No Mobile App: Without a mobile app, you might not get access to sale offers, listing, and showing updates quickly.
- Limited Coverage: The company offers services only in Denver, Boulder, and Colorado Springs. This makes their client base limited.
HQ Homes has a rating of 4 out of 5 stars on Trustpilot.
HQ Homes has agents with more than 30 years of experience. They represent and serve the interests of both home sellers and buyers.
However, they only cover certain areas of Colorado which limits their customer base.
4. Homie
FLAT FEE PACKAGE
Homie
- Listing Fee: $5,000 Flat Fee
- Restricted coverage
- 4.4/5
(930+ Reviews)
4.4/5
(930+ Reviews)Homie is a one-stop real estate shop. It offers multiple services to its buyers like Homie Loans, Homie Title, and Homie Insurance. For sellers, it charges a flat fee rate:
For Home Sellers
- Listing Price ($5,000): This package gives your house exposure on popular real estate websites. It also assists you with contract negotiation.
For Home Buyers
- 25% of Homie’s Commission: You get approximately 25% of Homie’s commission on purchasing a home.
👉 Our Take: Homie offers a single flat fee package to sellers and multiple in-house services to buyers. It benefits buyers with better mortgage rates, suitable insurance, and hassle-free paperwork. Hence, you may consider buying a house through a Homie instead of selling.
» Homie Reviews: Does Homie benefit you in the 2023 market? Click now.
Below are the benefits offered by Homie:
- Homie Cash: You can make an all-cash offer with Homie Cash without having actual cash in hand.
- Modern Technology: Homie offers an updated technology platform to its users. This will allow you to see the effort and transparency involved in your transaction.
- Varied Services: It offers several services like Homie, Homie Loans, Homie Title, and Homie Insurance.
» What is Homie? Read the comprehensive review to know more!
Below are the Homie drawbacks:
- Limited Coverage: Homie provides its services in Arizona, Colorado, Idaho, Nevada, and Utah.
- Customer Support: As per the customer reviews, Homie agents are unable to respond with proper guidance.
- No Advanced Tech: Some clients are disappointed with their slow and outdated technology.
Homie has a 4.4 out of 5 stars rating on Google.
» Is Homie Worth it? Read to know Homie benefits when selling your house.
Homie’s $3,500 package allows sellers to list and sell their homes. Whereas, home buyers can earn a cash rebate, an all-cash offer, and more.
Homie is ideal for experienced sellers and buyers. Make sure you follow up with them thoroughly to get your job done.
5. Trelora
GOOD ADD-ON FEATURES
Trelora
- Listing Fee: 1% of sale price
- Restricted coverage
- 4.9/5 (515+ Reviews)
4.9/5 (515+ Reviews)Trelora is a full-service realty that offers services to home sellers at discounted rates. The company strives to modernize home ownership through the use of technology.
For Home Sellers:
Trelora offers two listing packages for sellers:
- Trelora EasySell ($2,500): This package is available only through Trelora’s mobile app, where sellers can get full virtual service for a flat fee.
- In-Person Full Service (1% Commission): This package offers in-person full service for a commission of 1% of the sale price at closing.
For Home Buyers:
- Buyer’s Rebate: With Trelora, home buyers can get a rebate of up to $2,500 by bundling the mortgage and title.
Coverage: Trelora offers services only in Arizona, California, Colorado, Georgia, North Carolina, South Carolina, and Washington.
👉 Our Take: Trelora offers full-service assistance for home sellers. However, it does lack multiple agent assistance.
Trelora offers certain advantages:
- Good Add-On Features: It offers add-on features like listing consultation, professional photography, and negotiation assistance.
- Good Technology: The company’s software claims to make the process for home sellers digital and straightforward. However, not much information was found on the specifics of their tech stack.
» What is Trelora? Check this out before choosing them.
Below are some of the significant drawbacks of using Trelora:
- Multiple Agents Assistance: Trelora agents handle multiple clients to save on operating costs. Different low-cost real estate agents assist you at every sale stage, leading to better communication.
- Poor Customer Support: Customers who have worked with the company have complained about poor customer service quality.
Trelora has an average rating of 4.9 out of 5 on Zillow.
» Trelora Reviews: Check out the customer reviews that can help you know more about Trelora.
Trelora is a real estate website that puts home sellers, agents, and buyers under the same roof.
Their agents handle multiple clients at a time. This could lead to miscommunication and a lack of personalized support.
Here’s a quick recap of the best discount real estate brokers in America:
America’s Best Discount Real Estate Brokers (2024)
We’ve reviewed the best discount real estate brokers in 2024
What Are Discount 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. Sellers receive basic real estate services at a pre-negotiated fee of 0.5% to 2% or even a flat fee.
The reduced fee can easily save sellers thousands in commissions.
You may be now wondering if their services are comparable to those of a traditional Realtor at this point. Discount real estate brokers typically offer the same services as full-service brokers. The key difference is in pricing.
-
🤔 Do you offer buyer agent commission to discount brokerages?
YES! Most real estate discount brokers and brokerages will recommend you pay a full buyer agent fee. It is typically between 2% and 3% in most states.
It is vital to pay a competitive commission to the buyer’s agent. This will ensure you sell your home quickly while still receiving the best price possible.
Types of Discount Brokers
Find a discount real estate broker that fits your budget and saves you the most money! The four major types of real estate discount brokerages and companies 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. Best Flat Fee MLS listing companies like Houzeo can get you on the MLS within 48 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. These are usually priced at 1% or 2%. They cover everything from listing, negotiations, and pricing.
4. Virtual Full Service: A virtual full-service discount broker handles everything online. Companies like Houzeo, also provide full-service options that are 100% online. All services including negotiation and marketing support are at no additional cost.
Pros and Cons of a Discount Realtor
The primary benefit of working with discount real estate brokers is that they have lower overhead costs. However, a discount broker may not have as much time to communicate. They juggle many clients and may not be available for your queries.
Pros
- Reduced Fees: You’ll pay less for listing costs. While standard brokers typically charge at least 3%, discount brokers may charge as little as 0.5% to 1%.
- Full Access to Basic Real Estate Services: You receive the same basic services as you would with a traditional agent. They provide assistance with pricing, marketing, and negotiations.
- Streamlined Process: A low-cost Realtor facilitates the selling process. They are motivated to work efficiently and eliminate all unnecessary steps from the sales process.
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 almost never have to talk to anyone in-person. A first-time seller or buyer who needs some hand-holding may not be able to benefit much.
- 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 of time. Remember to carefully review the terms and conditions of the contract before signing.
Discount Real Estate Brokers to Avoid
Some agent-matching websites advertise themselves as “free”. But in reality, they keep a portion of the commission received by the discount real estate brokers. Because you pay the commission, this amount comes out of your pocket.
For example, List With Clever promotes itself as an informational real estate website that matches sellers with discount realtors. Even though Clever claims to be “free”, 25% to 40% of your commission will be directed to Clever as a “Referral Fee”.
» Clever Real Estate Reviews: Check out what you lose when you sell or buy with Clever!
💸 Save Thousands in REALTOR Commission
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How to Choose a Discount Realtor or Company?
It is essential to select the right real estate agent for your home-selling journey. The following are a couple of pointers to assist you with picking the ideal discount broker or company.
1. Savings: Discount real estate brokers have a variety of pricing structures. So, choose one that maximizes savings while still providing all of the services you require.
2. Technology: Choose companies that use cutting-edge technology, offer online paperwork, and have a mobile app.
3. Customer Reviews: Check for online customer reviews. This helps you to get an idea of the kind of services you are going to receive.
How Much Can I Save With a Discount Realtor?
As a seller, you can save anywhere between $1,632 and $ 6,680.
Typically, home sellers pay 6% of total realtor commissions. The total commission is divided between the listing agent (3%) and the buyer’s agent (3%). Discount real estate brokers pre-negotiate a reduced listing agent commission of 1% to 2%.
Therefore, you save a commission of 4% to 5% on your home sale.
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, HQ Homes offers a buyer rebate of 1% to clients who sell and buy with HQ Homes within 1 year.
However, in order to qualify for this buyer rebate, buyers must fulfill specific requirements. The most important is the minimum price range.
-
🤔 What is a home buyer rebate?
A Realtor rebate is a type of cashback you receive as a buyer. Some brokerages and agents offer these rebates as an incentive to attract more buyers. Buyer rebates are allowed in 40 states.
Who Should Use a Discount Broker?
Discount Brokers are ideal for sellers and buyers who want to focus on savings.
- Sellers on a Tight Budget: Homeowners who wish to save money might list with a low-fee Realtor. This can help them save big.
- Real Estate Investors: Real estate investors who frequently trade 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 Brokers in Denver
Here are some options if you do not want to opt for a discount Realtor in Denver.
- Flat Fee MLS Companies: Flat Fee MLS Denver companies list your property on your local MLS for a flat fee of a few hundred dollars. You can save on commissions and also take advantage of their technology for a faster sale.
- 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 Denver markets. iBuyers can be a great option if you’re wondering how to sell my house fast in Denver.
- Sell to Cash Home Buyers: Individual cash home buyers and companies that buy houses for cash in Denver 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 will help you list and sell a house by owner in Denver and save thousands in listing agent commission. Many FSBO websites will also get you listed on the MLS and help you with FSBO paperwork.
» Best FSBO Sites in Colorado: We’ve researched and reviewed all the best For Sale By Owner sites in Colorado. See our rankings!
Savings Calculator
Here’s how much you can save with Houzeo.com!
Are Discount Brokers Worth It?
YES! There are various advantages to using a discount real estate broker. Using a cheap brokerage can save you a lot of money. The commission savings can be significant.
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 for a small flat fee. You get access to cutting-edge tools like offers dashboard, showings management, and many more to make your selling journey easy.
» List My House on MLS in Colorado: The fastest way to get on the MLS!
Eager to Know How Houzeo Works?
We’ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the best For Sale By Owner websites in the U.S.
» 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
Do all realtors charge the same?
No, real estate agents charge differently based on various factors. Some factors include the property's location, condition, and the state you're based. Although the average realtor commission is between 5%-6%, a seller can negotiate these charges.
What is the lowest real estate commission?
There is no single figure that can be considered the lowest commission in the US. But low commission in real estate can be of 2 types: flat fee and discounted commissions. Flat fee realties offer their services at a fixed rate, usually a four-digit figure like $3500 or $5000. Discounted commission ranges from 0.5% to 2.5% commission. A home seller saves thousands of dollars through these options.
What is a discount brokerage?
Discount brokerage is a firm that helps home sellers and buyers to sell and buy properties. As a discount brokerage, they offer a discounted commission to sellers and rebate to buyers.
What is the lowest commission a realtor will take?
A realtor can charge as low as 1% commission if they work as a discount realtor, but generally, the average commission of a realtor is 5%-6% in the US. This commission is based on the state, the location of the property, and various other factors.
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