Top 5 Discount Real Estate Brokers in New Jersey (2025 Update)

6 mins read Jan 29, 2025
Listen
Editor
Edited By

Carol Coutinho

icon
Editor
Edited By

Carol Coutinho

Editor, Houzeo
About Carol C. is a versatile editor, expertly refining real estate content with precision and creativity. When not exploring market trends, she is immersed in the enthralling world of the theatre. Find Carol Here linkedin
copy-link facebook twitter linkedin

You save a whopping $15,936 when selling a median-priced $531,200 home in New Jersey. But how? With a discount real estate broker in New Jersey, 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 New Jersey Discount Real Estate Brokers

As New Jersey’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 New Jersey. They offer lower commission rates and services compared to traditional Realtors. We’ve ranked the top 5 discount brokerages in the Garden State for you to choose from.

RankDiscount Real Estate Broker / CompanyListing FeeMax Savings100% Online5-Star Reviews*Broad CoverageMobile App
1.Houzeo$399
Flat Fee
2.Lovi Realty4,990 Flat Fee
3.Prevu1.5% Commission
4.Houwzer1% of Sale Price
5.Redfin1%
Commission

What Are the Types of Discount Real Estate Brokers?

New Jersey 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 Companies in New Jersey

1. Houzeo.com: Max Savings, No Hidden Fees

Houzeo LogoLogo-Link

#1 Discount Real Estate Service

Listing Fee: $399+$350 at closing

4.9/5

10,100+ Reviews
💲 Pricing

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.

⚡ Highlights

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.
🚩 Deal Breakers

There are no dealbreakers with Houzeo.

» Houzeo Reviews: Houzeo is rated “Excellent” by 10,100+ happy customers on Google Reviews and Trustpilot!

⭐ Reviews

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 New Jersey. 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. Lovi Realty: Full Service, Limited Coverage

logo imageLogo-Link

GREAT LOCAL EXPOSURE

Listing Fee: $4,990

4/5

15+ Reviews
💲Pricing

Lovi Realty provides its listing service at a discounted rate.

  • Basic Plan – ($4,990): Lovi Realty lists your home for a flat fee of $4,990. This plan includes drone photography, marketing, and closing attorney fees.
  • Full-Service Plan: The price of this package is finalized based on the agent discussion. This plan allows you to list your house across several real estate websites and social media. You also get complete marketing assistance, a yard sign, a lockbox, etc.

👉 Our Take: Lovi Realty’s full-service package covers all the services of a traditional broker. However, the price may be higher. You can consider other affordable flat fee company.

⚡Highlights

Based on our research, the benefits of Lovi Realty are:

  • Full-Service Package: Lovi Realty provides traditional home-selling services at a discounted rate. These services include detailed marketing plans, house improvement suggestions, attorney fees, etc.
  • Agent Assistance: The company believes in delivering the best service and support. They also offer expert supervision during the inspection and appraisal
🚩 Deal Breakers

Here are some limitations we found with Lovi Realty:

  • Expensive Basic Plan: The basic plan is expensive as compared to other flat fee options. It also lacks certain important services such as listing on the MLS, negotiation assistance, reviewing offers, etc.
  • Customer Dissatisfaction: As per customer reviews, agents lack professionalism and are inexperienced.
⭐ Reviews

Lovi Realty has a 4.0 out of 5-star rating on Trustpilot.

Lovi Realty is a full-service discount brokerage. It offers services only in New Jersey.

It offers an expensive basic plan as compared to other real estate companies. The basic plan does not cover services like listing across the MLS, negotiation assistance, house showings, etc.

Reviews: 3 Best Fixed Percent Discount Brokers in New Jersey

3. Prevu: Full Service, Low Commission

Prevu logoLogo-Link

Lower Commission

Listing Fee: 1.5% of Sale Price

5/5

600+ reviews
💲 Pricing

Prevu is a reliable discount real estate agent service. It offers full service to sellers, like a traditional broker.

  • 1.5% Commission: Prevu charges a fixed 1.5% commission on the total home sale value. It includes features like home valuation, professional photographs, closing assistance, etc.

👉 Our Take: Prevu offers services from listing your home to its closing. It charges you a non-negotiable commission of 1.5% of the home sale value. However, it could cost you more in commission for a high-value house.

⚡ Highlights

Based on our research, the benefits of Prevu are:

  • Advanced Marketing: It includes home valuation, 3D virtual tours, open houses, professional photographs, listing on MLS, and social ad campaigns.
  • Market Exposure: Your listing will be displayed on sites like Realtor.com, Zillow, Trulia, etc.
  • Closing Costs Calculator: You can get an estimate of their closing costs.
🚩 Deal Breakers

Here are some limitations we found with Prevu:

  • Limited Coverage: Prevu serves 13 states and Washington D.C. focusing on metro areas and suburbs.
  • Not Ideal for High-Value Homes: Prevu’s model might not be ideal for luxury homes. For example, selling a house worth $500,000 would still mean paying $7,500 in commission.
  • Variable Listing Fee: The listing fee with Prevu can vary based on your location, which may result in higher costs depending on the market.
  • Mobile App: The company does not provide any mobile application service to its users.
⭐ Reviews

Prevu has a stellar rating of 5 out of 5 on Google.

» Prevu ReviewsIs it a good idea to choose them? Read the comprehensive review to learn more.

Prevu is a licensed full-service discount real estate broker holding licenses in 14 states, including markets like New York and Los Angeles. It currently operates in 14 states and Washington D.C. It primarily serves high-end metros and suburbs. Prevu has little to no coverage in small towns.

It has highly qualified agents and over 500 positive reviews on Google. However, Prevu has a small team of agents who deal with many clients. This limits your ability to select an agent of your choice.

4. Houwzer: 1% Fee, Lack of Personalized Assistance

Houwzer LogoLogo-Link

BEST FOR LOW VALUE HOMES

Listing Fee: 1% of Sale Price

4/5

40+ Reviews
💲 Pricing

Houwzer is a full-service discount Realtor. It offers:

  • 1% Commission: Houwzer charges a fixed 1% listing fee on the total home sale price. This includes the charges for signs, photography, open houses, negotiation, etc.

👉 Our Take: The 1% commission is a little steep for the services they provide. You can consider a Flat Fee MLS in Florida alternative for more savings and better tech.

⚡ Highlights

Based on our research, the benefits of Houwzer are:

  • Market Exposure: Your listing will be displayed on sites like Realtor.com, Zillow, Trulia, etc.
  • Unlimited Showings: Houwzer’s agents are available seven days a week. You can schedule as many showings as you want.
🚩 Deal Breakers

Here are some limitations we found with Houwzer:

  • Not Ideal for High-Value Homes: Houwzer’s package might not be ideal for luxury homes. For example, selling a house worth $1 million would still mean paying $10,000 in commission.
  • Less Personalized Service: Houwzer agents handle multiple clients due to the flat-fee model, which means you might not get personalized attention.
⭐ Reviews

Houwzer has an average rating of 4.0 out of 5 stars on Yelp.

» Houwzer Reviews: Check out our detailed reviews on Houwzer.

Houwzer was established in Philadelphia in 2014. Its easy-to-navigate dashboard lets you chat with the agent and track your listings.

Moreover, other services, like photography and closing assistance, make your home-selling journey easy. Houwzer does not provide personalized assistance.

5. Redfin: 1% Fee, Nationwide Coverage

RedfinLogo-Link

#1 Nationwide Brokerage

1% Listing Fee

3.7/5

100+ Reviews
💲 Pricing

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.

⚡ Highlights

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.
🚩 Deal Breakers

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.
⭐ Reviews

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 New Jersey.

How Much Will You Save With a Discount Real Estate Broker in New Jersey?

You could save up to $12,851 when selling a median-priced $531,200 home with a Flat Fee MLS service in New Jersey.

However, if you pay a standard 3% commission fee, you’d have to pay a whopping $15,936 to your listing agent. But, with Houzeo’s Gold plan, you will only pay $429 with a 0.5% charge at closing.

DetailsTraditional Realtor (3%)Houzeo’s Flat Fee
Median sale price$531,200$531,200
Listing Price$15,936$3,085
Savings$0$12,851

Pros and Cons of Discount Realtors in New Jersey

Discount real estate brokers in New Jersey 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 New Jersey 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 New Jersey, providing exposure to a maximum no. of buyers.

Cons

  • Hidden Fees: Some discount brokerages in New Jersey may charge hidden fees for additional a la carte services. You must do your research and opt for the best discount Realtors in NJ.
  • Inconsistent Service: Some discounted brokers in New Jersey 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 New Jersey

Here are some other options to consider for selling a house in New Jersey:

  • 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 New Jersey that provide MLS access.
  • Cash Buyers: Cash buyers in New Jersey, 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 New Jersey?

The top discount real estate brokers in New Jersey are Houzeo.com and Lovi Realty. However, Houzeo stands #1 with its 4.9-star rating based on thousands of customer reviews compared to Lovi Realty's 18 reviews.

How much is the real estate agent fees in New Jersey?

On average, traditional agents in New Jersey charge a whopping 3% of the sale price as commission. On the other hand, discount real estate brokerage firms in New Jersey charge a flat fee or a fixed percent of 1%.

How do I find a discount real estate broker near me in New Jersey?

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.