5 min read Feb 27, 2023

Discount Real Estate Brokers in Los Angeles, CA

Discount Real Estate Brokers in Los Angeles

» Jump To: Rankings | Reviews | Brokers to Avoid | What is a Discount Real Estate Broker? | Why Choose a Discount Real Estate Broker over Traditional Agents? | Discount Real Estate Companies with Flat Fee MLS Services Near You | Final Word | Frequently Asked Questions

June 2022 saw the home prices in Los Angeles shoot up by 9.1%. In this market, finding the right agent that will sell your house at the best possible price is the key. Keeping that in mind, here are the best discount real estate brokers in Los Angeles that will help you make a great deal on your next real estate transaction.

Rankings: Discount Real Estate Brokers & Companies in Los Angeles, CA

RankDiscount Real Estate Broker / CompanyListing FeeAdditional ChargesMax Savings100% OnlineMobile App
1.Houzeo.com$349
Flat Fee
2.CA Flat Fee$5000
Flat Fee
3.1% Listing Fee1%
commission
4.Redfin1.5%
commission
5.Trelora1.5%
Commission

Reviews: Discount Real Estate Brokers & Companies Los Angeles, CA

1. Houzeo.com

🔥 BEST OVERALL

Houzeo.com

houzeo
  • Listing Fee: $349 Flat Fee
  • 4.75 Stars4.9/5 (4001 reviews)

Why Houzeo is #1: Houzeo is an online tech company that offers real estate solutions. It provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.

Houzeo for Homesellers

  • Affordable Flat Fee: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you also save the buyer agent commission.
  • Listings on MLS: 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.
  • Fully Virtual Service: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.

Houzeo for Homebuyers

  • Access to Listings without Agents: Houzeo lets buyers get access to all the nearby listings on MLS without working with an agent.
  • Closing Costs Calculator: Houzeo’s unique Closing Costs Calculator lets buyers get an accurate final cost at the end of the buying process.

 👉 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.

» Houzeo Reviews: Houzeo is 100% online. You can finish the listing formalities in less than 60 mins.

  • Near Nationwide Coverage: Houzeo covers 47 states + DC.
  • No Listing Agent Commission: With Houzeo, you only pay a small flat fee to get access to the MLS and all the Houzeo tech
  • 100% online: Easy listing, fast changes, online showings, and online offers
  • Max Exposure: Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate sites
  • Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge. This is best to sell your house fast.
  • Real Estate On the Go: Houzeo Mobile App mimics most functionality of the Houzeo web platform, including Offers and Showings
  • 5-Star Customer Service: Superb support that minimizes Houzeo complaints
  • No Hidden Fees: There are no Houzeo hidden fees

» Is Houzeo Legit: Learn more about Houzeo.com’s locations and services

Houzeo has a rating of 4.9 out of 5 on Google & Trustpilot.

Houzeo is available nationwide.

2. CA Flat Fee

🏆 GREAT LOCAL EXPOSURE

CA Flat Fee

Discount Real Estate Brokers Los Angeles (CA Flat Fee)
  • Listing Fee: $5000 Flat Fee
  • 5 Stars5/5 (65 reviews)

Why CA Flat Fee is #2?

CA Flat Fee is a full-service flat fee real estate broker that operates in select counties in California. The low-cost real estate brokerage provides everything from listing on MLS to coordination with Title and Escrow professionals.

CA Flat Fee for Homesellers

  • Flat Fee: Homesellers with CA Flat Fee only have to pay $5000 as commissions. This is in stark contrast to the standard 6% commission CA Flat Fee’s pricing therefore is especially favorable if you are looking to sell a property with a high valuation.
  • Full-Time Agent Representation: With CA Flat Fee an agent will be present with you throughout your home selling experience, as opposed to a team of professionals who only work with you when required in the process. The former makes the experience for sellers much more personalized.
  • Full-Service: Full Service with CA Flat Fee means that you will be provided not only the listing of your house on MLS, but also professional photography services, home staging services, the opportunity for negotiation with buyers, and more.

CA Flat Fee for Homebuyers

  • Local Expertise: CA Flat Fee prides itself on having realtors who are based in California, and who therefore are in a position of providing local expertise. Homebuyers can therefore avail crucial insights into a property that they may otherwise not get.
  • Full Service: CA Flat Fee guarantees homebuyers that they will be provided with guidance right from the stage of first viewing a property to the final stage of closing the deal.

👉 Our Take: CA Flat Fee is one of the best options you have when looking for a discount real estate brokerage in California. The flat fee model along with full-service assistance and local expertise is what makes them stand out.

» How to Sell a House in California: Click here to find all you need to know about selling a house in California.

  • 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 a rating of 5 out of 5 on Google.

CA Flat Fee provides service in select regions in California.

3. 1% Listing Fee

🏦COST EFFECTIVE

1% Listing Fee

Discount Real Estate Brokers Los Angeles (1% Listing Fee)
  • Listing Fee: 1% commission
  • 4.75 Stars4.8/5 (18 reviews)

Why 1% Listing Fee is #3?

1% Listing Fee is a full broker service that provides its services to home sellers in California. They offer their complete service at a 1% commission only.

1% Listing Fee for Homesellers

  • Low Commissions: As the name suggests, 1% Listing Fee charges a commission of 1% on the final selling price. This is lower than most real estate companies, including other discount real estate brokerages in California.
  • Full Service: 1% Listing Fee provides access to MLS, staging assistance, 360° virtual tour, and more.
  • Free Home Valuation: 1% Listing Fee also offers free home value reports to homesellers, even before the consultation.

1% Listing Fee for Homebuyers

  • Buyer’s Rebate: Homebuyers get 33% of the agent’s commission back as a buyer’s rebate. This can be used by the buyers as the closing cost.
  • New Listings Notifications: 1% Listing Fee has a system of sending timely notifications of new listings on MLS to buyers.

👉 Our Take: If you are a home seller looking for a real estate discount broker with the lowest commissions, a 1% Listing Fee may be the answer you are looking for. On the other hand, the 33% rebate is lower than the general rebate rate for homebuyers, making it far from ideal for homebuyers.

» Closing Costs for Seller in California: Check this out to find more about seller closing costs in the state of California.

  • 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 rating of 4.8 out of 5 on Google.

1% Listing Fee serves select counties in California.

4.Redfin

📱 GOOD TECHNOLOGY

Redfin

Discount Real Estate Brokers Los Angeles (Redfin)
  • Listing Fee: 1.5% of listing price
  • 4 Stars4/5  (82 reviews)

Redfin is one of the biggest real estate companies in the country, known primarily for its technological features, which are far better than a lot of national discount brokerages, and their low commission rates.

Redfin for Homesellers

  • Low Commissions: As a seller, you will have to pay a listing commission of merely 1.5%. This is lower than the general rate of commission in the market and therefore would make for considerable savings in your final profits.
  • Online Tools: Redfin provides online tools that surpass most discount real estate companies. Its easy-to-use mobile app and 3D walkthrough feature are a step forward in the world of real estate.
  • Digital Marketing: Redfin also excels at marketing homes for sellers online. It spreads the word on your home by partaking in email campaigns, social media ads, and premium placements, ensuring a speedy sale.

 
Redfin for Homebuyers

  • Buyer Rebates: As a homebuyer you will avail yourself rebates on commissions that get contributed to clearing your closing costs, ensuring substantial savings.
  • Speedy Notifications: Redfin’s mobile app lets homebuyers get quick updates on the most recent listings nearby. It claims to provide notifications on these listings in as little as 10 minutes of the property going online.
  • Redfin Recommendations: Redfin makes the process of buying simpler by recommending required stakeholders such as money lenders and home inspectors. This makes the process streamlined and hassle-free.

 
👉Our Take: Redfin is a good option if you are looking for nationwide discount real estate companies with ease of accessibility. Although it does provide lower commissions, they are still higher than other low-cost real estate brokers, something that should be taken noted. Their agents also have the added pressure of handling multiple clients at a given time (partly due to their low commissions model), thus making their approach less personalized.
 
» Redfin Review: Click here to find all you need to know about Redfin.

  • A tech-first company
  • Good user interface
  • Detailed paperwork
  • Range of services for all types of properties
  • Full-service brokerage
  • Average customer service

Redfin has a rating of 4 out of 5 on Yelp.

Redfin covers 80+ Markets in the country.

5. Trelora

💹 TOP RISING

Trelora

Discount Real Estate Brokers Los Angeles (Trelora)
  • Listing Fee: 1.5% of the listing price
  • 4.75 Stars4.9/5 (463 reviews)

Founded in 2011, Trelora has quickly risen to the ranks to become a well-regarded real estate discount brokerage. Since its inception, it has served over 6000 clients and claims to have saved them over $65 million in commissions. They also have built a reputation for their upfront service and zero hidden costs.

Trelora for Homesellers

  • Low Commissions: Trelora charges homesellers 1.5% of the listing price as the commission. This is much lower than the real estate industry standard. Therefore, as a homeseller you will be saving thousands of dollars.
  • Technology: Their propriety software claims to make the process for homesellers digital and simple, though not much information was found on the specifics of their tech stack.


Trelora for Homebuyers

  • Buyer’s Refunds: Working with Trelora, homebuyers get a refund at the end of the buying process. This can add up to $3000 in refunds.
  • No Upfront Costs: Trelora does not charge anything upfront for buyers. For a lot of homebuyers, the only exchange of money involved would be the refund at the end of their buying process.

 

👉 Our Take: Trelora is a great option if you are looking for a low-cost real estate brokerage in Los Angeles, CA. The great customer ratings that they have attests to their quality service. Although it should be noted that Trelora assigns a team of real estate professionals to handle the process. This can lead to a less personalized experience, something that will not be the case with a traditional agent.

» Trelora Reviews: Here is everything you need to know about Trelora. 

  • Commission rebate for buyers
  • Average service due to low number of agents
  • Restricted coverage
  • Poor customer support
  • Average technology

Trelora has a rating of 4.9 out of 5 on Zillow.

Trelora serves owners in 12 cites across America.

» How To Sell My House Fast Los Angeles, CA: Here’s What You Can Do!

Here’s a quick recap of the best discount real estate brokers in America:

America’s Best Discount Real Estate Brokers (2023)

We’ve reviewed the best discount real estate brokers in 2023

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. Since you pay the commission, this amount technically goes from your pocket.

For example, List With Clever promotes itself as a real estate educational website that matches sellers with discount realtors. Even though Clever claims to be “free”, 25% to 40% of the commission you pay will be directed to Clever as a “Referral Fee”.

» Clever Real Estate: Read our full review of Clever Real Estate

What Is a Discount Real Estate Broker?

Discount real estate brokers are licensed individuals who help clients to buy and sell their property at a flat rate or low commission. Some flat rate realtors offer full-service whereas, others offer limited services that may just include MLS Los Angeles listing. Before choosing a low-cost broker, ensure that they include all the features you require to sell your property.

There are 4 distinct types of discount realtors in Los Angeles, CA and each has its benefit. Let’s try and understand the different types:

Types of Discount Real Estate Brokers in Los Angeles, CA

TypesDescriptionWhy It's Unique? Example
Flat Fee MLSFlat fee MLS lets seller list their property on the local MLS from a list of packages. Each package consists of unique benefits.💰 Multiple Services Houzeo
Flat Rate Flat rate brokers charge a flat fee for full service that includes everything from MLS listing to price negotiations, etc. 💲Cost - EffectiveHouwzer
Low CommissionWith low commission, sellers can list and sell their homes with a listing fee as low as 1% commission. This helps sellers save thousands of dollars at end of the sale process.💵 More Savings Redfin
Virtual Full-ServiceSellers who want to list and sell their property from the comfort of their homes can opt for virtual service. Each step right from listing to negotiation is carried out virtually. 💻 100% Online Houzeo

Why Choose a Discount Real Estate Broker/Company Over a Traditional Agent?

Let’s assume a property costs $600,000. Through traditional real estate commissions in the US, the seller is required to pay 5% – 6% in commissions. Through a traditional process, a seller can incur closing costs anywhere between $30000 – $32000 – that’s too expensive. A person can try selling a house as is to avoid exorbitant commissions through a discount realtor in Los Angeles, CA.

Traditional Agent
(2.5% commission)
Discount
(1% commission)
Discount
(1.5% commission)
Discount
(2% commission)
Seller's Agent $15,000$6,000$9,00012,000
Buyer's Agent $15,000$15,000$15,000$15,000
Total$30,000$21,00024,000$27,000
Savings $9,000 $6,000 $3,000
    💡Make A Note: Sellers get discount on seller’s agent commission only, they still have to pay 2.5%-3% commission to the buyer’s agent at the end of the sale process.

Similarly, approaching a discount realty in Los Angeles, CA, that offers a higher buyer rebate can make the house that much more inexpensive to buy. For instance, if the buyer agent offers a rebate of 1% on a property priced at $500,000, it will save you $5000. Please note that some realtors also offer non-cash incentives as buyer rebates.

» Seller Closing Costs in California and Buyer Closing Costs in California: Use this free tool by Houzeo to get an estimate of your closing costs.

Houzeo Helps You Save Thousands

PackagePriceWhat You Get
SILVER$3496-month listing, 24 photographs, syndication to popular real estate websites, and a few more additional services.
GOLD$4996-month listing, Maximum number of photos, syndication to popular real estate websites, and a few more additional services.
PLATINUM$399Additional 0.75% due at Closing. 12-month listing + Virtual Full Service that includes everything you require to sell the property.

Savings Calculator

Here’s how much you can save with Houzeo.com!

New!

Savings in Los Angeles, CA!

Enter Your Home Sale Price

$ Please enter your home price
  • Listing Fee
  • Traditional Agent 46877

    $15,000

  • idealagent

    $10,000

  • houzeo

    $349

houzeo

Your savings via Houzeo

$14,705

Houzeo saves you $9,705 more than 1% Listing Fee!

Start Your Free Houzeo Listing Now

Discount Real Estate Companies Who Offer Flat Fee MLS Near Me

Before opting for discount real estate brokerages, you would want to know their coverage. All discount realtors in Los Angeles, CA do not have the same coverage. Some have nationwide coverage, while some are restricted to a few states or cities.

We’ve compiled a list of the best flat fee MLS Listing Services in each state. Click on your state to check them out!

    ✍️ SAVE: With Flat fee MLS, you will save thousands of dollars in listing fees. You also get the option of selecting the service you want and customizing the packages to your seller’s needs.

Final Word

There are many discount real estate brokers in Los Angeles, CA, that claim to offer low commission services and high buyer rebates. On further inspection, many of these reveal to have hidden costs or other caveats that are too difficult to avert once you are already into the buying or selling process.

Our intention here is to pick the best discount real estate brokers who shy away from such practices to provide you with the best services in the city. With this, we hope to see your future real estate transactions unfold seamlessly and without any hassle.

    ✍️ SAVE: With Flat fee MLS, you will save thousands of dollars in listing fees. You also get the option of selecting the service you want and customizing the packages to your seller’s needs.

» Best Flat Fee MLS Los Angeles CA Listing Services: Sell Your House With Flat Fee MLS Instead!

Frequently Asked Questions About Discount Real Estate Brokers in Los Angeles

Are discount real estate brokers worth it?

Discount services are worth it because they charge low commissions to sellers in a market that takes a significant cut from their profits. Though, one needs to make sure that the services provided by the broker are not compromised in exchange for the low commission.

Do discount real estate brokers in Los Angeles, CA need to be licensed?

Yes, all real estate professionals in the state of California have to undergo examinations, finish the required coursework, and submit to background checks in order to become a professional in the field.

How much do realtors make in Los Angeles, CA?

The average base salary for real estate agents in Los Angeles is $114,581.

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