From Chatsworth to Sherman Oaks, home sellers across Los Angeles 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 Los Angeles, CA
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo.com | $349 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | CA Flat Fee | $5,000 Flat Fee | ❌ | ❌ | ❌ | ❌ |
| 3. | 1% Listing Fee | 1% commission | ❌ | ❌ | ❌ | ❌ |
| 4. | Trelora | 1% Commission | ❌ | ❌ | ❌ | ✅ |
| 5. | Redfin | 1.5% commission | ❌ | ❌ | ❌ | ✅ |
Reviews: 5 Best Discount Real Estate Brokers in Los Angeles, CA
1. Houzeo.com
#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 Los Angeles’s #1 ranked Flat Fee MLS service. Houzeo provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
In Los Angeles, Houzeo’s Bronze package is priced at $329. The Silver package is priced at $399, 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. CA Flat Fee
GREAT LOCAL EXPOSURE
CA Flat Fee
- Listing Fee: $5,000 Flat Fee
- 5/5
(84+ Reviews)
CA Flat Fee is a full-service broker that operates in Southern California. It offers a single home selling package for sellers.
For Home Sellers:
- Full-Service Package ($5,000): You get full-time agent representation, professional photography, open house showings, etc.
👉 Our Take: CA flat fee offers services similar to a regular agent at a flat price. However, these charges appear higher for a low priced house. If you’re looking to sell your less expensive house then consider alternatives with a low flat fee.
CA Flat Fee offers the following advantages:
- Full-Time Agent Representation: The CA Flat Fee agent will assist you throughout your home-selling journey. They will guide you with listing a house, paperwork, negotiations, and closing.
- Local Expertise: Their agents understand the details of the market and provide you with helpful insights.
- Market Exposure: Your property is listed on the MLS and other major platforms like Zillow and Realtor.com. Thus, giving your house maximum exposure to potential clients.
CA Flat Fee has the following disadvantages:
- Suitable for High-End Properties: CA Flat Fee suits sellers who want to sell their high-priced properties. $5,000 is a large sum for a cheap property.
- Limited Coverage: It is operational only in Southern California. The sellers from other parts of the country cannot avail of their services.
- No Buyer’s Rebate: CA Flat Fee does not give any cash rebate, unlike other discount realtors.
CA Flat Fee has a 5-star rating on Google.
CA Flat Fee offers all the services for home sellers at a flat rate. They mainly serve the Southern California area.
However, they do not clearly mention the buyer services and their rates which can make it difficult for buyers to hire them for representation.
3. 1% Listing Fee
COST EFFECTIVE
1% Listing Fee
- Listing Fee: 1% of Sale Price
- 4.8/5
(15+ Reviews)
4.8/5
(15+ Reviews)1% Listing Fee is a full broker service that assists home sellers in California. It offers a single pricing package for the sellers:
For Home Sellers:
- Full Service (1% Commission): This package includes extensive marketing, professional photography, showings, and open houses.
- All Cash Sell (1% Commission): 1% Listing Fee helps you with quick house sales against cash.
For Home Buyers:
- Buyer’s Rebate: Buyers earn a 33% rebate from the agent’s commission at the time of closing. If you sell and buy with them, then this rebate can increase to 50% of the commission.
👉 Our Take: A 1% Listing Fee can be the best choice in search of a budget broker. However, to sell your high-priced house you would have to pay a huge commission. Instead, consider selling your house with a flat fee discount broker.
1% Listing Fee offers several advantages to home sellers and buyers:
- Low Commission: The 1% commission fee is less than the majority of the discount real estate brokerages in California.
- Free Home Valuation: 1% Listing Fee offers free home value reports to home sellers, even before the consultation.
- New Listing Notifications: It sends timely notifications of new listings on MLS to buyers.
- Experienced Agents: 1% Listing Fee has been in business for more than 34 years. Their experienced agents provide valuable market insights to make the transactions hassle-free.
1% Listing Fee offers below disadvantages:
- Lack of Transparency: Some online reviews reveal that 1% Listing Fee has hidden costs. The seller has to pay these costs which is not informed upfront.
- Limited Coverage: 1% Listing Fee provides its services only in Southern California. This limits its customer base and the pool of potential buyers.
1% Listing Fee has a rating of 4.8 out of 5 on Google.
1% Listing Fee is a discount brokerage based out of California. They provide full-service packages to home sellers for as low as 1% commission.
However, there may be some hidden costs that they do not reveal upfront. Home sellers and buyers should verify the costs involved before hiring them.
4. 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.
5. Redfin
Best-In-Class Agents
Redfin.com
- Listing Fee: 1% of Sale Price
- Available in 80+ U.S. Markets
- 3.4/5
(135+ Reviews)
3.4/5
(135+ Reviews)Redfin is the largest discount real estate company. Its premier agents, with years of experience, help you buy and sell high-end homes.
- Listing Price: Redfin charges a 1% listing fee if you want to sell a house and buy your next one with them. It charges a 1.5% listing fee if you decide to just sell your house with Redfin.
👉Our Take: Redfin is a technology-based platform. You can expect transparency and an accurately managed database. However, you may not get complete attention due to their high customer volume.
» Is Redfin Legit? Check the legitimacy of Redfin’s discount broker services
Redfin offers:
- Competitive Pricing: You pay a listing fee of 1% if you decide to sell and buy with Redfin.
- Updated Technology: Redfin provides a mobile app, 3D walkthrough, relevant filters, etc. This makes the real estate transaction seamless.
- National Presence: Redfin covers 80+ markets in the US.
» Redfin Pros and Cons: Read about the advantages and drawbacks of Redfin services.
The disadvantages of using Redfin are:
- Pricing Inaccuracy: Many sellers have complained about certain factors like, lot area, a gated compound, or a city location not getting considered during valuation.
- Long Time for Listing: As per Redfin’s agreement, it takes almost 15-18 days to verify the seller’s property and list their house.
- Lack of Customer Service: There has been negative feedback about lack of personal attention by Redfin salaried agents.
Redfin has an average rating of 3.4 out of 5 stars on Yelp and average 3.7 out of 5 stars on Google.
» Redfin Reviews: The reality of 1% fees, pros, cons, and alternatives!
Redfin connects you with real estate agents in your area by utilizing technology and market data. However, your savings are not guaranteed.
You need to buy a house through Redfin within a year to get back 0.5% of the listing fee. If you do not opt for that, you lose out on the refund.
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 price 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!
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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 in Los Angeles, CA 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, Redfin offers a buyer rebate of 0.5%.
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 Los Angeles, CA
Here are some options if you do not want to opt for a discount Realtor in Los Angeles.
- Flat Fee MLS Companies: Flat Fee MLS Los Angeles 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 Los Angeles 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 Los Angeles and other California markets. iBuyers can be a great option if you’re wondering how to sell my house fast in Los Angeles.
- Sell to Cash Home Buyers: Individual cash home buyers and companies that buy houses for cash in Los Angeles 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 Los Angeles 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 California: We’ve researched and reviewed all the best For Sale By Owner sites in California. See our rankings!
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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 California: 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
Are discount real estate brokers worth it?
Discount real estate brokers are worth it because they charge low commissions for the same services as other traditional agents
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 charge in Los Angeles, CA?
Realtors in Los Angeles generally charge around 6%.
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