You save a whopping $7,755 when selling a median-priced $258,500 home in Missouri. But how? With a discount real estate broker in Missouri, you can skip the hefty 3% listing agent commission. This allows you to list your home for as low as 1% or a flat fee and save thousands of dollars!
That’s not it! These brokers help you list your property on the MLS giving maximum exposure as 43% of buyers search properties online. In addition, discount brokers offer affordability with full service making them ideal for cost-conscious sellers.
Rankings: Top 5 Missouri Discount Real Estate Brokers
As Missouri’s real estate market continues to rebound post-Hurricane Idalia, home sellers are exploring ways to cut costs. With rising repair and insurance premiums, sellers want to retain more of their home sale profits.
One effective way to do this is to sell with a discount real estate broker in Missouri. They offer lower commission rates and services compared to traditional Realtors. We’ve ranked the top 5 discount brokerages in the Show-Me State for you to choose from.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ✅ | ✅ | ✅ |
| 2. | Johnson Realty | $500 Upfront + 0.5% commission | ❌ | ❌ | ❌ |
| 3. | SimpleShowing | 1% Commission | ❌ | ❌ | ✅ |
| 4. | UpNest | 4.3% commission or As decided by the agent | ❌ | ✅ | ✅ |
| 5. | Redfin | 1% commission | ❌ | ❌ | ❌ |
What Are the Types of Discount Real Estate Brokers?
Missouri sellers can choose from two main types of discount real estate brokers. Each of these cater to the unique needs of the home sellers:
- Flat Rate Discount Brokers: Also known as Flat Fee MLS companies, they charge a fixed upfront fee to list your home on the MLS. A Flat Fee MLS service costs between $399 to $4,000. These services offer maximum exposure for a low fee.
- Fixed Percentage Discount Brokers: These discount Realtors charge a fixed percentage of the home’s sale price. Typically, this percentage is lower than the traditional 3%. Depending on the broker, these rates may vary from 1% to 2.5%.
Reviews: 2 Best Flat Rate Discount Real Estate Brokers in Missouri
1. Houzeo.com: Max Savings, No Hidden Fees
#1 Discount Real Estate Service
Listing Fee: $399+$350 at closing4.9/5
Houzeo is a top technology-driven real estate platform. It offers 4 different packages:
- Bronze Package ($399 + $350 at Close): List your house for 6 months. You can upload 24 house photos.
- Silver Package ($399+0.5% at Close): List your home for 6 months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
- Gold Package ($429+0.5% at Close): This package offers all the benefits of the Silver package, as well as licensed broker assistance, contract review, and more.
- Platinum Package ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12 months. Brokers assist you in negotiations, disclosures, and closing.
👉 Our Take: We recommend Houzeo to all home sellers. The company has a stellar 4.9/5 customer rating. It also provides coverage in 47 states + DC, making it one of the few services with nationwide reach.
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 the MLS. On average, Houzeo home sellers save $12,231.
- 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 easily.
- 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.
- Home Value Estimator: Houzeo’s Home Worth Estimator is online and quick to know the FMV of your home. It provides free home value estimate within 30 seconds.
There are no dealbreakers with Houzeo.
» Houzeo Reviews: Houzeo is rated “Excellent” by 10,100+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,100+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is the #1 discount real estate broker in Missouri. The company provides features like IntelliList management to simplify your listing process. Besides this, you get 5-star customer support, advanced technology, showings management, and offers all at your fingertips.
2. Johnson Realty
HYBRID PLAN
Listing Fee: $500 Upfront Fee + Half of 1% at Closing.Johnson Realty is a full-service discount brokerage. It helps sellers to list their property at a fair price with great savings.
- The Johnson Plan ($500 Initial fee + Half of 1% at Closing): In this package, Johnson Realty performs a CMA and other on-site analyses, after which it creates an MLS listing at your place in real time. For this, they charge you $500 upfront. At last, you pay Johnson Realty 1% of the sale price at closing. In addition, the company offers services like Lockbox and professional photography at an additional cost of $120 and $50, respectively.
- Premier Listing Package: This package assists in buying and selling the property. Johnson Realty waives 0.34% of listing broker commission to sell your home upon you signing a buyer’s agency and listing agreement with Johnson Realty.
👉 Our Take: Johnson Realty provides services like market analysis, MLS listing, showings, etc. It charges you a fee apart from the initial charge of $500. You may end up paying a higher amount at the time of closing compared to another discount brokerage.
Johnson Realty offers the following advantages:
- Modern Technology: Their technology allows you to keep the real transaction transparent. The contract between you and the agent is also signed digitally.
- Market Exposure: Your home will be featured on several real estate websites, such as Zillow, Trulia, and Realtor.com.
- Agent Assistance: Johnson Realty’s licensed consulting team will help you execute your transaction through closing.
Johnson Realty offers a major disadvantage:
- Outside Agent Involvement: A third-party agent schedules the MLS showings. There might be inconsistencies in the quality of these agents.
There is no credible source available for its review.
Cheryl Johnson owns Johnson Realty. You can get an extra discount if you sell your home and buy a new one with them.
An outside agent from another company will schedule the showing through the MLS. The quality of these agents may vary.
Reviews: 3 Best Fixed Percent Discount Brokers in Missouri
3. SimpleShowing
1% COMMISSION
Commission: 1% of Sale Price4.9/5
SimpleShowing is a licensed full-service brokerage that operates in Florida, Georgia, and Texas. They offer one package:
- 1% Listing Fee: This package includes full-service support, with licensed agents handling all aspects of the sale. They also provide marketing, home showings, and negotiations to finalize the sale.
👉 Our Take: SimpleShowing is a good option for selling a high-end home. However, its $5,000 minimum listing commission makes it more expensive for lower-priced homes than other brokers.
Here’s what stands out about SimpleShowing:
- Market Exposure: Homes are listed on the MLS and various national websites, including Realtor.com, Zillow, Trulia, etc.
- No Upfront Costs: The listing fee is only paid at closing, and is deducted from the home sale profit.
- Professional Guidance: Offers pre-listing consultation, ongoing support, and contract assistance throughout the selling process.
- Professional Photography: They have professional photographers to get the best photos of the home to list on MLS.
SimpleShowing has the following downsides:
- High Package Fees: You can’t get much profit on a home priced at $500,000, as you’d have to pay a minimum 1% listing which is around $5,000.
- Limited Agents: They are a small team so you do not get to choose or change the agent in case of disputes.
- Limited Coverage: They have agents only in 8 cities: Miami, Dallas, Atlanta, Orlando, Tampa, Savannah, Fort Lauderdale, and Fort Worth.
SimpleShowing has 4.9 out of 5 stars on Google from over 110 reviews.
SimpleShowing is headquartered in Atlanta. It is a licensed discount real estate brokerage in Missouri, Georgia, and Texas.
It has a 5-star rating and a team of experienced local agents. However, with their limited coverage and agents, they might not serve all your requirements.
4. UpNest
Negotiable FEES
Listing Fee: Varies as per the agent4.7/5
UpNest offers agent-matching services. Here’s how it works:
- No Upfront Cost: UpNest connects you with top local real estate agents at no upfront cost. Agents will discuss commission rates, fees, and potential discounts directly with you.
👉 Our Take: With UpNest you get multiple real estate agent options to choose from. However, agents’ commission rates and qualifications can vary significantly, and the quality of service may depend on the broker you select.
Here’s what UpNest offers:
- Multiple Agent Proposals: Get 3–5 commission quotes from top local agents. Compare options easily without contacting agents yourself.
- Quick Turnaround: Receive agent matches within 24 hours of signing up.
- Transparent Pricing: View all commission rates and potential savings upfront. There are no hidden fees or pressure to commit.
- Nationwide Coverage: It offers service throughout the US. It connects you with the local agent who has current market insights.
Here are some of the downsides of working with UpNest:
- No Guaranteed Savings: UpNest does not offer guaranteed savings. Instead, each agent sets their own listing fee.
- No Control Over Agent Selection: UpNest shows you commission quotes from selected agents. As a result, you might miss out on other qualified agents who are part of their network.
UpNest has a rating of 4.7 out of 5 stars on Google.
» UpNest Reviews: Is UpNest actually saving you money in 2024? Read to find out.
UpNest is a licensed agent-matching brokerage headquartered in California. The parent company, Move, Inc. (Realtor.com) acquired Upnest in June 2022.
UpNest pairs you with local agents with proven sales records. However, you may end up paying a high commission to the agent.
5. Redfin: 1% Fee, Nationwide Coverage
#1 Nationwide Brokerage
1% Listing Fee3.7/5
Redfin offers services in 100+ real estate markets across the country in 49 states.
- Redfin Full-Service Agent – 1% Commission: This package includes pricing assistance, listing paperwork, negotiation support, etc.
- 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: When you opt for Redfin you might get their service 3x faster than the traditional method. However, you may not get personalized attention with less no. of agents for home staging, showings, etc.
Here are some advantages of choosing Redfin:
- Advanced Technology: Redfin is primarily known for its high-tech platform and mobile app.
- Near Nationwide Coverage: Redfin covers 49 states in the US.
- Easy Deal Closings: Redfin agents guide you through paperwork, marketing plans, and negotiations to make your closing easy and faster.
Here are some drawbacks of Redfin based on their customer reviews:
- Pricing Inaccuracy: Many sellers have complained that a lot area, a gated compound, or a city location are not considered during valuation.
- 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.
- Lack of Customer Service: There are a few negative reviews about the lack of personal attention by Redfin agents.
- 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.
- Lack of Personalized Services: Due to agents handling multiple clients at once, customers have often complained that Redfin agents are not able to give personalized service.
Redfin has an average rating of 3.3 out of 5 stars on Yelp and an average of 3.7 out of 5 stars on Google.
» Redfin Reviews: Read more to make an informed decision before selling your home.
Redfin is a top nationwide real estate brokerage known for its advanced technology. Their premier package helps you sell luxury homes. The platform also provides easy access to local experts while selling a house by owner in Missouri.
How Much Will You Save With a Discount Real Estate Broker in Missouri?
You could save up to $6,034 when selling a median-priced $258,500 home with a Flat Fee MLS service in Missouri.
However, if you pay a standard 3% commission fee, you’d have to pay a whopping $7,755 to your listing agent. But, with Houzeo’s Gold plan, you will only pay $429 with a 0.5% charge at closing.
| Details | Traditional Realtor (3%) | Houzeo’s Flat Fee |
| Median Sale Price | $258,500 | $258,500 |
| Listing Fee | $7,755 | $1,721 |
| Savings | $0 | $6,034 |
How to Find Discount Real Estate Brokers Near Me in Missouri?
Here’s a list of the best discount Realtors in the most popular cities of the Show-Me State:
| Kansas City, MO | Discount Real Estate Brokers in Kansas City, MO |
| St. Louis, MO | Discount Real Estate Brokers in St. Louis, MO |
| St. Charles, MO | Discount Real Estate Brokers in St. Charles, MO |
| Eureka, MO | Discount Real Estate Brokers in Eureka, MO |
Pros and Cons of Discount Realtors in Missouri
Discount real estate brokers in Missouri offer a great way to save. While this cost-saving option sounds good, it’s important to weigh both the pros and cons:
✅ Pros
- Lower Fees: You’ll pay less than a traditional 3% Realtor. And get access to all the features and tools for a much lower fee.
- Full-Service Support: Discount real estate agents in Missouri offer all basic home-selling services. This includes assistance with how to price your home, marketing, paperwork, and negotiations.
- MLS Access: Discount brokers help you list your home on the MLS in Missouri, providing exposure to a maximum no. of buyers.
❌ Cons
- Hidden Fees: Some discount brokerages in Missouri may charge hidden fees for additional a la carte services. You must do your research and opt for the best discount Realtors in MO.
- Inconsistent Service: Some discounted brokers in Missouri handle multiple clients at once, so personalized attention may be limited. They do this to make up for the reduced commission rate.
- High Cancellation Fees: A few of the discount brokers may impose a significant withdrawal fee if you cancel your agreement within a specific time frame.
Alternatives to Discount Real Estate Brokers in Missouri
Here are some other options to consider for selling a house in Missouri:
- For Sale By Owner Companies: In a FSBO sale, you have to handle every step from listing to paperwork. You can choose For Sale By Owner websites in Missouri that provide MLS access.
- Cash Buyers: Cash buyers in Missouri, including iBuyers, investors, and home flippers, actively search on the MLS for the listed properties.
- Full-Service Realtor: If you can’t handle the process yourself, you can opt for the traditional home-selling method. But, you’ll have to pay a 3% commission fee.
Frequently Asked Questions
What are the best discount real estate brokers in Missouri?
The top discount real estate brokers in Missouri are Houzeo.com and Johnson Realty. However, Houzeo stands #1 with its 4.9-star rating based on thousands of customer reviews compared to Johnson Realty's no reviews.
How much is the real estate agent fees in Missouri?
On average, traditional agents in Missouri charge a whopping 3% of the sale price as commission. On the other hand, discount real estate brokerage firms in Missouri charge a flat fee or a fixed percent of 1%.
How do I find a discount broker near me in Missouri?
To find a discount Realtor near you, check online reviews and ratings of local discount brokers. Houzeo can list your home on the MLS within 24 to 48 hours and lets you review and compare offers, manage showings everything with mobile app.
