You save a whopping $10,350 when selling a median-priced $345,000 home in North Dakota. But how? With a discount real estate broker in North Dakota, 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 North Dakota Discount Real Estate Brokers
As North Dakota’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 North Dakota. They offer lower commission rates and services compared to traditional Realtors. We’ve ranked the top 5 discount brokerages in the Peace Garden State for you to choose from.
Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
---|---|---|---|---|---|---|
1. | Houzeo.com | $399 Flat Fee | ❌ | ✅ | ✅ | ✅ |
2. | Entry Only | $399 Flat Fee | ✅ | ❌ | ❌ | ❌ |
3. | List with Freedom | $149 Flat Fee | ❌ | ❌ | ❌ | ❌ |
4. | Ideal Agent | 2% Commission | ❌ | ❌ | ❌ | ❌ |
5. | UpNest | 4.3% Commission or As Decided by the Agent | ❌ | ❌ | ❌ | ❌ |
What Are the Types of Discount Real Estate Brokers?
North Dakota 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: 3 Best Flat Rate Discount Real Estate Companies in North Dakota
1. Houzeo.com
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 North Dakota. 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. Entry Only
Entry Only is a discount real estate brokerage with national coverage. They mainly cater to home sellers but have some services for buyers as well.
For Home Sellers:
Entry Only offers 2 flat fees MLS packages and a full representation package:
- Basic ($399): Includes a 6-month MLS listing, 20 photos, transaction coordination, flyers, buyer lead forwarding, and a yard sign.
- Enhanced ($699): All features of the Basic package + contract review.
- Premium ($999): This is a full-service package. It includes all services of the Enhanced package + negotiations before/after inspections and closing assistance.
For Home Buyers:
- Buyer’s Rebate: The buyers who choose Entry Only as their representative get up to 50% of the buyer agent’s commission as a rebate.
👉 Our Take: EntryOnly is ideal for sellers who are comfortable managing their sale process and looking to save money on listing commissions. If you’re new to selling, you might find the process challenging.
Entry Only offers the following advantages:
- Buyer Lead Forwarding: All email inquiries will be forwarded to the sellers. In addition to this, Entry Only has a 24/7 receptionist service to redirect buyers and agents to sellers.
- Closing Assistance: Entry Only strives to make the closing process smoother by coordinating with buyer agents, lenders, appraisers, home inspectors, attorneys, and title companies.
- Buyer Services: Home buyers get assistance with property search, tours, offers, negotiation, contracts, and closing.
Entry Only offers the following disadvantages:
- Expensive Upgrades: Entry Only offers a significant number of listing upgrades. However, the ones that may boost the sale of your house, like expedited MLS entry, and secondary MLS listing, are steeply-priced.
Entry Only has a rating of 4.8 out of 5 on Trustpilot.
Entry Only is a part of the HomeZu network. With more than 20 years of experience, Jason Saphire, the managing broker, has cultivated an excellent reputation in the industry.
However, the company’s add-on services are not as competitively priced as their packages. Past sellers appreciate their low turnaround time and prompt service.
3. List With Freedom
List With Freedom is a MLS listing service provider. It offers 3 packages for home sellers:
- Gold Package ($89): This package allows you to list your house for 6 months. You can upload only 6 photos with unlimited changes. Add-on services like open houses and upload home virtual tours are charged separately.
- Platinum Package ($195): Sellers prefer this package. It allows you to upload maximum photos with unlimited changes.
- Platinum+ Package ($395): You can list your house for 12 months with maximum photo uploads. This package covers online showing service with no additional charge.
- Additional Services: For both Gold and Platinum packages, sellers can opt for a Personal Transaction Coordinator Service for $395, open houses at $25 each, and a virtual tour for $40. The Platinum+ Package includes all these features in its base price.
👉 Our Take: List With Freedom can be a decent choice for experienced sellers who do not require any assistance.
List With Freedom is one of the oldest Flat Fee MLS service providers. It offers certain advantages:
- Unlimited Listing Changes: You can make an unlimited number of modifications to your listings with any of their packages.
- Buyer Leads Forwarded: All buyer leads are directly forwarded to you with no agent involvement. This means you can avoid back and forth of any information and directly negotiate with the buyer.
- Quick Listing: It allows faster house syndication to real estate websites compared to other brokerages.
List With Freedom has certain shortcomings:
- Additional Costs: List With Freedom charges a 0.25% to 0.5% compliance fee. Gold and Platinum packages charge additional fees of $25 and $40 for open house and virtual home tours respectively.
- Limited Support: It primarily operates as a self-service platform, offering minimal customer support. Sellers needing hands-on guidance may find this insufficient.
- Negotiation Challenges: Sellers may find it difficult to negotiate offers without the guidance of an experienced agent.
List With Freedom has a rating of 3.9 out of 5 stars on Trustpilot.
» List With Freedom Reviews: Read the customer’s feedback before choosing them.
Jim Tyminski established ListWithFreedom in 2005. It offers its services across all the US states. ListWithFreedom offers a quick and simple listing process.
You can only list your house on MLS. It does not provide any pricing or negotiation assistance.
Reviews: 2 Best Fixed Percent Discount Brokers in North Dakota
4. Ideal Agent
Ideal Agent is an agent matching company. It offers a single listing package for sellers:
- 2% Commission: Ideal Agent charges a 2% commission to the listing agent, which is lower than traditional rates (typically 2.5 – 3%). On an average home price of $400,000, you will be charged $8,000.
👉 Our Take: The 2% listing fee is competitive, however, the buyer’s agent still gets a 2.5 – 3% commission, bringing the total commission to around 4.5 – 5%. The savings are notable but not as significant as flat-fee brokers.
Ideal Agent stands out with several attractive offerings:
- Top Agents: The platform only works with experienced agents from major brokerages like Keller Williams Realty and RE/MAX.
- National Network: Coverage extends across the U.S., making it a versatile option for sellers nationwide.
It’s important to be aware of these potential drawbacks:
- Limited Savings: Despite the reduced listing commission, the total commission cost isn’t drastically different from standard agents.
- Agent Pool: In less populated areas there may be fewer agents to choose from, limiting flexibility.
Ideal Agent has a rating of 5 out of 5 on Trustpilot.
» Ideal Agent Reviews: Does Ideal Agent benefit you in the 2024 market?
Steve Johnston established ldeal Agent in 2016. It is headquartered in Tampa. It offers all the traditional realtor services with a 2% commission on home sale value.
Ideal Agent lacks a modern technology system. Customers who have used their services have complained about hidden charges.
5. UpNest
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. It is headquartered in California. Move, Inc.,(Realtor.com the parent company) 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.
How Much Will You Save With a Discount Real Estate Broker in North Dakota?
You could save up to $8,196 when selling a median-priced $345,000 home with a Flat Fee MLS service in North Dakota.
However, if you pay a standard 3% commission fee, you’d have to pay a whopping $10,350 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 | $345,000 | $345,000 |
Listing Fee | $10,350 | $2,154 |
Savings | $0 | $8,196 |
Pros and Cons of Discount Realtors in North Dakota
Discount real estate brokers in North Dakota 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 North Dakota 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 North Dakota, providing exposure to a maximum no. of buyers.
❌ Cons
- Hidden Fees: Some discount brokerages in North Dakota may charge hidden fees for additional a la carte services. You must do your research and opt for the best discount Realtors in ND.
- Inconsistent Service: Some discounted brokers in North Dakota 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 North Dakota
Here are some other options to consider for selling a house in North Dakota:
- 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 North Dakota that provide MLS access.
- Cash Buyers: Cash buyers in North Dakota, 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 North Dakota?
The top discount real estate brokers in North Dakota are Houzeo.com and Entry Only. However, Houzeo stands #1 with its 4.9-star rating based on thousands of customer reviews compared to Entry Only's 345 reviews.
How much is the real estate agent fees in North Dakota?
On average, traditional agents in North Dakota charge a whopping 3% of the sale price as commission. On the other hand, discount real estate brokerage firms in North Dakota charge a flat fee or a fixed percent of 1%.
How do I find a discount real estate broker near me in North Dakota?
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.