9 min read May 22, 2024

Top 10 Best Discount Real Estate Brokers (2024)

From Seattle to Miami, home sellers across America can save thousands on real estate agent commissions. With discount real estate brokers in America, you can slash the traditional 6% rate down to just 2% to 3%.

The current median home price in America is $412,095. The traditional 6% commission will cost you a whopping $24,725. A discount Realtor offers you similar services at just 1.5%. With a competitive buyer agent commission of 2.5%, you now have to pay only a 4% fee. That’s just around $16,483.

You can lower this amount to around $12,362 if you list on the MLS with Houzeo’s Gold plan. You also get the professional services and tools available to real estate agents at a fraction of the cost.

Rankings: Best Discount Real Estate Brokers and Companies

RankDiscount Real Estate Broker / CompanyListing FeeMax Savings100% Online5-Star Reviews*
1.Houzeo$399 Flat Fee
2.ListingSpark$1,499 - $2,999
3.Ideal Agent2% Commission
4.SimpleShowing1% Commission
5.HomeLight2.5%-3% (Varies)
6.Prevu1.5% Commission
7.UpNest4.3% or As decided by the agent
8.Homie$5,000 Flat Fee
9.Redfin1% Commission
10.Redefy$3,500 Flat Fee

Reviews: 10 Best Discount Brokerages

We’ve researched and compiled a list of the best discount real estate brokers for you.

1. Houzeo.com

#1 Discount Real Estate Service

Houzeo.com
Houzeo Logo
  • Listing Fee: $399
  • Available nationwide
  • 5 Stars 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 is America’s #1 ranked real estate brokerage company. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.

Houzeo’s flat fee feature helps you save thousands on agent commissions. You also get dedicated customer support that makes the home-selling process much easier and effortless.

2. ListingSpark

LOCAL EXPERT

ListingSpark
ListingSpark logo
  • Listing Fee: $3,999
  • Limited coverage
  • 4.75 Stars  4.6/5.0 (175+ Reviews)

ListingSpark is a renowned flat fee discount brokerage in the US. It offers 2 listing packages:

  • Spark Plan ($2,199): This includes paperwork assistance and syndicated house listing on major real estate websites. You receive a Supra digital lockbox, professional photographs, escrow services, and a “For Sale” sign.
  • Premium Plan ($3,999): This includes all the features of the Spark plan. You also get pricing support, open house signage, e-flyer blasts, and customer support.

👉 Our Take: Listing Spark’s package covers all the services you need to sell your house. These packages are relatively higher as compared to other discount real estate companies.

» How Does Listing Spark Work? Read this to know how Listing Spark exactly works.

ListingSpark offers certain advantages:

  • Quick Listing: It takes 20 minutes to fill out the details on the ListingSpark website. The listing will go live within 24 hours after the documentation is completed.
  • Add-on Features: They offer benefits like professional photographs, a lock box, a yard sign, title insurance, and escrow services.
  • 24 x 7 Customer Support: The customers spoke positively about their reliable staff who is available 24×7.

ListingSpark offers certain disadvantages:

  • Limited Coverage: ListingSpark caters to only 16 cities in Texas.
  • High Price: They offer a full-service package at a significantly higher price.

ListingSpark has a rating of 4.6 out of 5 stars on Google.

Listing Spark Reviews: Know what clients are saying about Listing Spark services.

ListingSpark was established in January 2013. It is headquartered in Austin and serves only 16 cities in Texas.

ListingSpark does not charge a commission on the home value. Instead, it levies a one-time fee against the services offered. 

3. Ideal Agent

GOOD CUSTOMER SERVICE

Ideal Agent
Ideal Agent Logo
  • Listing Fee: 2% of Sale Price
  • Nationwide coverage
  • 5 Stars 5/5 (6,240+ Reviews)

Ideal Agent is an agent matching company. It offers a single listing package for its sellers:

  • Full Service (2% Commission): Ideal Agent charges a 2% commission on the home’s sale price. On an average home price of $400,000, you will be charged $8,000 to sell your house.

👉 Our Take: Ideal Agent offers full-service assistance for home sellers. However, it does not provide any cash rebates to buyers.

» What Is Ideal Agent? Know what Ideal Agent customers have to say about their services.

Ideal Agent offers certain advantages: 

  • Pre-Negotiated Commission: Ideal Agent has fixed the commission with their agents. This helps sellers to focus on the important aspects of the deal like showings, staging, home inspection, etc.
  • Time-Saving: You will be paired with the most capable agent. They’ll save you time and effort by giving you step-by-step assistance.
  • Dedicated Concierge: Their agents will assist you at each phase of the deal, from marketing to negotiation and closing.

» How Does Ideal Agent WorkHere is a detailed explanation of Ideal Agent services.

Ideal Agent offers certain disadvantages:

  • No-Multiple Matching Agent: The ideal agent matches the seller with only one agent. You don’t get to choose the agent based on your requirements.
  • Sub-Par Agent: Several customers complain about being assigned agents with low reliability.
  • No Buyer Support: Ideal Agent isn’t a buyer-focused platform and they do not offer any significant benefits for home buyers.

Ideal Agent has a rating of 5 out of 5 on TrustPilot.

» Is Ideal Agent Worth it? Find out how Ideal Agent can help you get higher profit. 

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.

4. Simple Showing

MAXIMUM SAVINGS

Simple Showing
simpleshowing logo
  • Listing Fee: 1% of Sale Price
  • Restricted coverage
  • 5 Stars 5/5 (142+ Reviews)

SimpleShowing is a percentage-based discount broker which offers the house listing services at 1%.  It also offers to pay 1% of the closing costs or $5,000 cashback on such costs.

👉 Our Take:  The fixed 1% listing commission may be expensive if you have a less-valued home, say $150,000-$200,000. Instead, you should look for a flat fee pricing model.

SimpleShowing offers the following advantages:

  • Professional Photography: They arrange for professional photography and videos of home with no additional charge.
  • Local Agent: The agent will assist you right from valuing your home till closing.

SimpleShowing offers the following disadvantages:

  • Not the Best Agents: SimpleShowing might not be able to match you with the best agent.
  • Limited Coverage: It provides services in only 3 states – Florida, Texas, and Georgia.

SimpleShowing has a 5 out of 5 stars rating on Zillow.

SimpleShowing is headquartered in Atlanta. It is a licensed broker in Georgia, Florida, and Texas.

It has a 5-star rating and a team of experienced local agents. They help you manage your real estate transaction from listing your house to closing.

5. Homelight

GOOD AGENT COVERAGE

HomeLight
Homelight Logo
  • Listing Fee: 2.5%-3% (Varies)
  • Good agent coverage
  • 4.5 Stars 4.6/5 (290+ Reviews)

HomeLight is an agent-matching service provider. Its technology-based platform provides agent suggestions within minutes.

  • Brokerage: HomeLight does not charge any fees to buyers or sellers. The agent pays a referral fee to HomeLight at the time of closing.

👉 Our Take: HomeLight connects you with a local agent to help you sell your house. The agent charges you around 2% to 3% as per his customized services including the HomeLight’s referral fee. This will ultimately make you pay more than other discount real estate brokers.

» How Does Homelight Work? Know how HomeLight can get you a better home sale experience.

HomeLight offers several advantages:

  • Quick Pairing: HomeLight connects you with the list of agents within two minutes of your online form filling.
  • Representative Network: HomeLight has a database of over 28,000 agents. This allows you to compare the agents and select the best one based on discounts, experience, and sales records.
  • Coverage: Their services are available in 16 locations across the major U.S. cities.

» Homelight Pros & Cons: Know about their offerings that would help you sell your house seamlessly.

Below are some of the major drawbacks of using HomeLight:

  • Non-Negotiable Commissions: Every agent has to pay a referral fee to Homelight. Hence, you lose the ability to bargain for the commission.
  • Off-Market Restriction: You can instantly receive bids from agents by registering on HomeLight.
  • Inconsistent Agent Quality: The assigned agents may not work at your convenience. Even the listing speed will be based on the agent selected.

HomeLight has a rating of 4.6 out of 5 stars on Sitejabber.

» HomeLight ReviewsSee their reviews to make an informed decision.

HomeLight is an agent-matching company established by Drew Uher in 2012. It is a single platform where home sellers meet their prospective home buyers.

It has a huge broker database. Every agent handles multiple clients at a time. This leads to miscommunication and a lack of personalized support.

6. Prevu

RESTRICTED COVERAGE

Prevu
Prevu logo
  • Listing Fee: 1.5% of Sale Price
  • Restricted coverage
  • 5 Stars 5/5 (528+ Reviews)

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

  • Full Service (1.5% Commission): Prevu charges a 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-negotiated commission of 1.5% of the home sale value. However, for a high-value residence, it could cost you more commission.

» Prevu Reviews: Is it a good idea to choose them? To learn more, read the entire review!

Prevu offers the following advantages:

  • Package Features: It includes home valuation, 3D virtual tours, open houses, professional photographs, listing on MLS, and social ad campaigns.
  • Market Exposure: Prevu syndicates your listings to StreetEasy, Zillow, and more.
  • Closing Costs Calculator: Sellers can get an estimate of their closing costs.
  • CoveragePrevu services are available in New York, Massachusetts, Connecticut, California, Pennsylvania, and Washington.

» How Does Prevu WorkLearn about how Prevu functions in your home sale.

Prevu offers the following disadvantages:

  • Inconsistent Agent Quality: Prevu has a limited network of agents. Hence, it lacks personal assistance and service quality.
  • Variable Listing Fee: The listing fee varies as per your location, which could burn a hole in your pocket.
  • Mobile App: It does not provide any mobile application service to its users.

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

» Prevu Real Estate Reviews: View their comprehensive evaluation.

Prevu is a licensed full-service discount real estate brokerage based in New York. It serves in 12 states across the US.

Prevu has highly qualified agents and over 400 positive reviews on Google. However, Prevu has a small team of agents who deal with many clients. This may limit your ability to select an agent of your choice.

7. UpNest

Negotiable FEES

UpNest
Upnest logo
  • Listing Fee: 4.3% of the Sale Price (or as decided by the agent)
  • Available in all major cities
  • 4.75 Stars  4.7/5 (295+ Reviews)

UpNest is a marketplace that connects home sellers and buyers with local agents.

  • Pricing: UpNest does not charge you any upfront fee. It allows their agents to discuss the pricing with you like commission, fees, discounts, etc.

👉 Our Take: UpNest introduces you to 2 to 3 agents once you register on their platform.

» Is UpNest Legit? Find out if UpNest can be the best option for your house sale.

UpNest offers certain advantages:

  • No Fees: UpNest does not charge you an upfront commission. Instead, you are introduced to an agent to discuss the services and commissions.
  • User-Friendly Dashboard: It has a user-friendly dashboard which makes it easy to compare agent profiles.
  • No Obligation Service: UpNest connects you with multiple agents as soon as you sign up with them. If you are not satisfied, then you can simply walk away.
  • Nationwide Coverage: Prevu offers service throughout the US. It connects you with the local agent who has current market insights.

» What is UpNest? Read the comprehensive study for UpNest to learn more details!

UpNest has certain disadvantages:

  • Lower Savings: The commission depends on your negotiation with the agent. A higher commission fixed would make you pay more.
  • Uncertain Customer Service: Some customers share feedback of agents being extremely helpful and knowledgeable. However, less experienced agents struggle to answer simple questions.

» How Does Upnest WorkAgent-matching at UpNest is pretty straightforward. Check it out!

UpNest has a rating of 4.7 out of 5 stars on Google.

» UpNest Reviews: How Much Will it Save You in 2023?

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.

8. Homie

FLAT FEE PACKAGE

Homie
homie-logo
  • Listing Fee: $5,000 Flat Fee
  • Restricted coverage
  • 4.5 Stars   4.4/5 (930+ Reviews)

Homie is a one-stop real estate shop. It offers multiple services to its buyers like Homie Loans, Homie Title, and Homie Insurance. For sellers, it charges a flat fee rate:

For Home Sellers

  • Listing Price ($5,000): This package gives your house exposure on popular real estate websites. It also assists you with contract negotiation.

For Home Buyers

  • 25% of Homie’s Commission: You get approximately 25% of Homie’s commission on purchasing a home.

👉 Our Take: Homie offers a single flat fee package to sellers and multiple in-house services to buyers. It benefits buyers with better mortgage rates, suitable insurance, and hassle-free paperwork. Hence, you may consider buying a house through a Homie instead of selling.

» Homie Reviews: Does Homie benefit you in the 2023 market? Click now.

Below are the benefits offered by Homie:

  • Homie Cash: You can make an all-cash offer with Homie Cash without having actual cash in hand.
  • Modern Technology: Homie offers an updated technology platform to its users. This will allow you to see the effort and transparency involved in your transaction.
  • Varied Services: It offers several services like Homie, Homie Loans, Homie Title, and Homie Insurance.

» What is Homie? Read the comprehensive review to know more!

Below are the Homie drawbacks:

  • Limited Coverage: Homie provides its services in Arizona, Colorado, Idaho, Nevada, and Utah.
  • Customer Support: As per the customer reviews, Homie agents are unable to respond with proper guidance.
  • No Advanced Tech: Some clients are disappointed with their slow and outdated technology.

Homie has a 4.4 out of 5 stars rating on Google.

» Is Homie Worth it? Read to know Homie benefits when selling your house.

Homie is a flat fee discount real estate brokerage. It was founded by Mike Peregrina in 2015 in Utah. They cater only to 5 markets Arizona, Colorado, Idaho, Nevada, and Utah.

Homie charges a flat fee package to let the sellers list their homes. It offers cash rebates, an all-cash offer, and more to the home buyers. However, you may need to do extensive follow-up with the agent to get your work done.

9. Redfin

Best-In-Class Agents

Redfin.com
Redfin
  • Listing Fee: 1% of Sale Price
  • Available in 80+ U.S. Markets
  • 3.3 Stars 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 ConsRead 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 was headquartered in Seattle in 2002 by Mr. David Eraker. It covers 80+ markets in the US. They have an operating business license in New York as Redfin Real Estate.

It provides an elaborate listing agreement with a marketing plan for your home. However, this agreement specifies an 18-day timeframe for listing your property. Additionally, some customers have expressed concerns about the agent’s professionalism.

10. Redefy

IN-HOUSE SUPPORT

Redefy
Redefy logo
  • Listing Fee: $3,500 Flat Fee
  • In-person support
  • 4.25 stars  4.1/5 (40+ Reviews)

Redefy is one of the renowned discount real estate companies in the US. It offers 3 packages at a flat fee:

  • Self-Service ($379): You get a 6-month listing period. This includes local listing, yard sign, 10 photos on the listing, etc.
  • Limited Service ($499): Here, you get a 1-year listing period. This package includes a local listing, door key lock box, 25 photos on the listing, etc.
  • Virtual Full Service ($2,995): This premium package offers personal consultation, full customer support, extensive marketing, etc.

👉 Our Take: Redefy offers different pricing models that suit your needs. It offers all the necessary services you need to close the sale. Along with a low flat fee, it charges you a non-refundable fee of $500. This increases the value of the package.

Redefy offers:

  • Affordable Pricing: You need to pick the package that suits your requirements. Although features like local listing, email, text & live chat support, yard signs, and door lock keys remain constant throughout.
  • In-House Support: You are provided with professional in-house support like home staging with accurate pricing.
  • Mortgage Calculator: Redefy’s Mortgage Calculator allows you to estimate your overall mortgage, insurance, and taxes.

The disadvantages with Redefy are:

  • No Refund Deposit: You have to pay a non-refundable deposit of $500.
  • Inconsistent Agent Quality: Redefy has limited agents attending to a large volume of customers. This can hamper the service quality.
  • Service Coverage: They serve only 9 states in the US (Colorado, Florida, Georgia, Illinois, North Carolina, South Carolina, Tennessee, Texas, and Virginia)

Redefy has a rating of 4.1 out of 5 stars on Yelp.

Redefy is a discount real estate brokerage introduced in 2011. It is headquartered in Aurora, Colorado.

It is a licensed firm that works on the principle of a flat fee. This means for your million-dollar house you just pay a flat rate. You also need to pay $500 as a non-refundable deposit. This increases your overall package cost.

Here’s a quick recap of the best low-cost real estate brokers in America:

America’s Best Discount Real Estate Brokers (2024)

We’ve reviewed the best discount real estate brokers in 2024

Top Discount Real Estate Brokers Near Me

Find discount realtors in your neighborhood:

RegionStates/CitiesDiscount Realtors / Low Commission Real Estate Agents and Companies
NortheastStates Connecticut | Massachusetts | New Hampshire | New Jersey | New York | Pennsylvania | Rhode Island | Vermont | Delaware | Maine
NortheastKey Cities Albany, NY | Lawrence, MA | Pittsburgh, PA
MidwestStates Illinois | Indiana | Iowa | Kansas | Michigan | Minnesota | Missouri | Nebraska | North Dakota | Ohio | South Dakota | Wisconsin
MidwestKey Cities Milwaukee, WI | Kenosha, WI | Chicago, IL | Westchester, IL | Indianapolis, IN | Elk River, MN | St. Louis, MO | Kansas City, MO | Omaha, NE | Cleveland, OH | Cincinnati, OH | Columbus, OH | Dayton, OH | Naperville, IL | Eureka, MO | St Charles, MO
SouthStates Alabama | Arkansas| Florida | Georgia | Kentucky | Louisiana | Maryland | Mississippi | North Carolina | Oklahoma | South Carolina | Tennesse | Virginia | Texas | Washington, D.C. | West Virginia
SouthKey CitiesAustin, TX | Dallas, TX | Houston, TX | San Antonio, TX | Georgetown, TX | Raleigh, NC | Charlotte, NC | Asheville, NC | Greenville, SC | Atlanta, GA | Fort Lauderdale, FL | Sarasota, FL | Naples, FL | Marco Island, FL | Pasco County, FL | Panama City Beach, FL | Jacksonville, FL | Nashville, TN | Louisville, KY | Richmond, VA | Haymarket, VA | Northern Virginia | Chesapeake, VA | Oklahoma City, OK | Mooresville, NC
WestStatesAlaska | Arizona | California | Colorado | Hawaii | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming
WestKey CitiesPhoenix, AZ | Denver, CO | Colorado Springs, CO | Fort Collins, CO | Loveland, CO | Seattle, WA | Camano Island, WA | Los Angeles, CA | Orange County, CA | San Diego, CA | San Jose, CA | Sacramento, CA | Ventura, CA | Indio, CA | San Francisco, CA | Boise, ID | Las Vegas, NV | Ewa Beach, HI | Pearl City, HI | Maui, HI | Honolulu, HI | Albuquerque, NM | Eugene, OR | Portland, OR | Vancouver, WA | Oahu, HI | San Fernando Valley, CA | Ramona, CA

What Are Discount Real Estate 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. Such low-cost real estate agents typically offer the same services for reduced fees of 0.5% to 2% or a flat fee.

How Much Can I Save With a Discount Realtor?

As a seller, you can save anywhere between $10,000 and $20,000.

Typically, home sellers pay a total of 6% as Realtor commissions to both the listing agent and the buyer’s agent. Whereas, with discount real estate brokers you can pre-negotiate this at 1% to 2%.

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% to clients who sell and buy with Redfin within 1 year.

Types of Discount Brokers

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. The Best Flat Fee MLS listing companies like Houzeo can get you on the MLS within 24 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 at only 1% or 2%. They cover everything from listing, negotiations, and pricing. They are also called 1% commission Realtors, or 2% commission brokers, etc.

4. Virtual Full Service: A virtual full-service discount broker handles everything online. All services including negotiation and marketing support are at no additional cost.

Pros and Cons of a Discount Realtor

Here are the pros and cons of discount Realtors:

Pros ✅

  • Reduced Fees: You’ll pay less for listing agent fees. While standard brokers typically charge at least 3%, discount brokers may charge as little as 0.5% to 1%.
  • Full Access to Basic Services: You receive the same services as you would with a traditional agent. They assist with home pricing, marketing, and negotiations.
  • Streamlined Process: A low-cost Realtor provides similar services as traditional agents. They streamline the process of listing your property on the MLS, marketing the property, negotiating offers, and assisting with paperwork.

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 rarely talk to anyone in person. A first-time seller or buyer who needs some hand-holding may not be able to get benefits.
  • 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. Remember to carefully review the terms and conditions of the contract before signing.

Who Should Use a Discount Broker?

Discount brokers are ideal for:

  • Sellers on a Tight Budget: Homeowners who wish to save money should list with a low-fee Realtor. This can help them save big. 
  • Real Estate Investors: Real estate investors who frequently trade homes 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 Agents

Here are some options if you do not want to opt for a discount Realtor.

  • List With a Full-Service Realtor: If you need hand-holding, we recommend you hire a full-service in-person 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 American markets. iBuyers can be a great option if you want to sell your house fast.
  • Sell to Cash Home Buyers: Individual cash home buyers and companies 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 and save thousands in listing agent commission.

Are Discount Brokerages Worth It?

YES! There are various advantages to using a low-cost real estate agent. Using an affordable brokerage can save you at least $8,000 to $10,000.

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 in 24 hours, for a small flat fee. You get extra savings and services like, access to offers dashboard, showings management, and many more.

Eager to Know How Houzeo Works?

Houzeo is the #1 For Sale By Owner website in the U.S. Check out the following video to understand how Houzeo would help you crack the deal faster in 5 steps.

How to List on MLS With Houzeo?

5 Easy Steps to List on MLS with Houzeo as FSBO

Start Your MLS Listing NOW!

» 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

Who are the best discount real estate brokers?

Houzeo.com, and Redfin are the top discount real estate brokers.

How much is the real estate agent fees?

On average, traditional agents, charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokers charge 1% to 3% commission.

How do I find low cost discount realtors near me to sell my home?

You could do a Google search, go with an agent from one of the national discount brokers like Redfin, or list the best real estate discount broker via Houzeo. Houzeo is a technology platform where top local discount and Flat Fee MLS brokers offer their services.

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