9 min read Aug 21, 2024

10 Best Low Commission Real Estate Agents (2024)

Editor
Edited By

Megha Mulchandani

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Editor
Edited By

Megha Mulchandani

Editor, Houzeo
About

Megha M. is an adept content editor well-versed in the intricacies of American market dynamics and economic trends. In her free time, she excels as a versatile theatre artist and public speaker.

Find Megha Here

✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.

$13,273! That’s a whopping 3% that you have to pay for a house with a median sale price of $442K. That’s a huge amount of money out of your pocket in the name of a broker’s commission.

However, you can sell your home and pay as little as 1% to 1.5% with a low-commission real estate agent. This means that you save $8,849 and pay just $4,424 as Realtor fees.

But, if you want to save more on commission you should list your home on the MLS for a Flat Fee. With platforms like Houzeo, your home gets listed within 24 to 48 hours. For a flat fee, your home will get maximum exposure which is a fraction of what you have to pay to a Realtor.

Ranking: Top 10 Low-Fee Real Estate Agents in 2024

Low Commission Realtor / CompanyFeeMax Savings100% Online5-star Reviews*Broad CoverageMobile App
1. Houzeo$399
Flat Fee
2. Redfin1.5%
Commission
3. Ideal Agent2%
Commission
4. HomeLight2.5%
Commission
5. UpNest 4.3%
or As decided by the agent
6. Trelora1%
Commission
7. Homie$5,000
Flat Fee
8. Houwzer1% Commission
9. Redefy$2,995
Flat Fee
10. Prevu1.5%
Commission

Reviews: 10 Best Low Commission Real Estate Companies

Here are the 10 best low cost real estate agents and brokerages:

1. Houzeo.com

#1 Flat Fee MLS Service

Houzeo.com
Houzeo Logo
  • Listing Fee: $399
  • Available nationwide
  • Houzeo has 4.9 out of 5 stars 4.9/5 (10,020+ reviews)

Houzeo is a high-tech platform with easy listing, fast changes, and online showings and offers.

You can choose from 4 Flat Fee MLS packages:

  • Bronze Package – $399+$350 at Close: This package offers a Houzeo listing only for 6 months with 24 photos.
  • Silver Package – $399+0.5% at Close: This offers maximum photo upload and provides you with seller disclosures.
  • Gold Package—$429+0.5 % at Close: This is Houzeo’s signature MLS package and includes all the technology Houzeo is known for, such as Houzeo Showings, Houzeo Offers, and DigiTransact.
  • Platinum Package – $449+1% at Close: It includes the assistance of a licensed broker to help you with negotiations, seller disclosures, and closing.

👉 Our Take: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy! Before you list, confirm all prices on your particular state’s pricing page.

» Houzeo Reviews: Find out why 10,000+ Americans love Houzeo.

Houzeo is America’s #1 Flat Fee MLS service because of 5 reasons:

  1. Max Exposure: Houzeo’s listing packages get your home on Zillow, Trulia, Realtor.com, Redfin, and 100s of other real estate websites.
  2. 5-star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
  3. 100% Online: Houzeo is a high-tech platform with easy listing, fast changes, online showings, and online offers. Its powerful house search app makes your home visible to potential buyers on the go.
  4. No Hidden Fees: All fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the traditional listing agent commission.
  5. Free Home Value Estimator: Now, you can get a free home value estimate within 30 seconds. It helps you set a listing price.

There are no dealbreakers with Houzeo.

» Is Houzeo Legit?  Houzeo addresses all Houzeo complaints from home sellers.

Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.

» Houzeo ReviewsHouzeo is rated Excellent by 10,020+ home sellers.

Houzeo is America’s #1 flat-fee MLS platform. It offers a seamless home selling process with its 5-star customer service. It is also available in both Android and iOS platforms which helps you schedule listings and showings on the go.

Houzeo’s flat fee feature helps you save up to $10,000 on agent commissions. The platform also allows you to compare, review, and counter offers online.

2. Redfin

BEST TECH-ENABLED BROKERAGE

Redfin.com
redfin-logo-DRB
  • Listing Fee: 1% of Sale Price
  • Available in 80+ U.S. Markets
  • 4.25 stars 4.2/5 (60+ reviews)

Redfin does not disclose its pricing on its website. Sellers will have to pay common closing costs.

  • It offers 0.5% buyer’s rebate. To avail this, you’ll have to buy and sell with them.

👉 Our Take: Redfin offers 1 rebate option but with a strict clause. While, other real estate companies are willing to offer a higher rebate.

» Redfin Reviews: The reality of the buyer’s rebate.

Here are some advantages of choosing Redfin:

  • Advanced Technology: With 3D walkthroughs and 40+ filters to narrow down your search, the Redfin app makes it easy to find the right home from anywhere.
  • Paired With Local Agents: Local agents know their market better. This can help you secure a good deal.
  • Home Tour: You can see updated listings every 5 minutes on their website. You can also schedule a home tour for the same day.
  • Nationwide Coverage: Redfin covers 80+ markets in the US.

Here are some limitations we found with Redfin.

  • Strict Rebate Criteria: Clients who sell and buy with Redfin within one year get a rebate of 0.5%.
  • No Freedom in Agent Selection: You get an agent assigned automatically without having a choice in the matter.
  • Agents Are Less Incentivized: Unlike traditional agents who work for commission, Redfin agents get a fixed salary. This can demotivate them from offering you additional services.
  • Poor Customer Reviews: Customers have complained that agents are often unreachable and unprofessional.

Redfin has an average rating of  4.3 out of 5 stars from 60+ reviews on Google.

» Redfin Reviews: The Reality of the 1% Fees, Pros, Cons, and Alternatives!

Redfin was founded by Mr. David Eraker in Seattle in 2002. It is a full-service real estate brokerage. The company covers 100+ markets in the US. They also provide 3D walkthroughs and market analysis to buyers.

However, they have faced criticism for their long 18-day MLS listing timeframe. Additionally, some customers have expressed concerns about the unprofessionalism of their agents.

3. Ideal Agent

GOOD CUSTOMER SERVICE

Ideal Agent
Ideal Agent Logo
  • Listing Fee: 2% of Sale Price
  • Nationwide coverage
  • 5 Stars 5/5 (6,339+ 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. 

Ideal Agent is a Florida-based agent-matching service. It connects sellers and buyers with top-rated local real estate agents at a reduced commission rate. The platform selects its agents based on experience, transaction rate, and customer reviews.

The company aims to provide a high-quality selling experience and save sellers from high commission fees. However, they have a limited selection of agents which makes it difficult for the sellers to choose.

4. HomeLight

GOOD AGENT COVERAGE

HomeLight
Homelight Logo
  • Listing Fee: 2.5%-3% (Varies)
  • Good agent coverage
  • 4.5 Stars 4.7/5 (305+ 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 a tech-centric real estate website with a database of over 28,000 agents. Their agent database helps connect home sellers and buyers with top-rated local brokers.

You can compare agents and select the best one based on discounts, experience, and sales records. HomeLight also offers tools like home value estimators and calculators to assist with decision-making.

However, the agent fee can ultimately make you pay more than other discount real estate brokers. Also, some users have complained about inconsistencies in agent quality. There are also complaints about the lack of personalized services.

5. 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: It 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 4.8 out of 5 stars on Google.

» UpNest Reviews: How much will it save you in 2024?

UpNest is a real estate platform that connects home sellers and buyers with local real estate agents. Sellers receive multiple offers, allowing them to select the most suitable agent. This competitive environment among the agents results in reduced commission rates.

UpNest also offers a user-friendly dashboard to compare and review agent services and fees. This helps you make an informed decision before selling your home. However, some users noted that savings on commission fees can vary based on market conditions and agent availability.

6. Trelora

GOOD ADD-ON FEATURES

Trelora
Trelora Savings
  • Listing Fee: 1% of sale price
  • Restricted coverage
  • Best Companies that Buy Houses for Cash in Raleigh, NC 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 TreloraCheck 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.

Joshua Hunt founded Trelora in 2011. The company has its headquarters in Denver, Colorado. Trelora was acquired by Houwzer, a prominent real estate firm, in December 2022.

Trelora is a full-service real estate company offering flat-fee packages. They aim to streamline your transaction with their cutting-edge technology.

However, some customers have expressed concerns about inconsistent service quality and fewer agents.

7. 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 tech-driven Utah-based real estate company founded in 2015. It offers in-person agent support to home sellers. Additionally, it also has a user-friendly dashboard and a mobile app.

The company also provides in-house support for mortgages, title services, and insurance. However, Homie has limited coverage and covers only 5 states.

Many customers have also complained about its poor customer service and their agent’s lack of experience.

8. Houwzer

BEST FOR LOW VALUE HOMES

Houwzer
Houwzer Logo
  • Listing Fee: 1% of Sale Price
  • Restricted coverage
  • 4.75 Stars 4.8/5 (300+ Reviews)

Houwzer is a full-service Realtor. It can help you save thousands by offering:

  • Flat rate (1% Commission): A fixed 1% listing fee on the total home sale price.
  • Cashback ($2,500): You earn a cash rebate if you decide to sell and buy your house with Houwzer.

👉 Our Take: The 1% commission is a little steep for MLS access, consider a flat fee MLS alternative for more savings.

The benefits of opting for Houwzer can be its:

  • Add-On Features: Houwzer offers add-on features like virtual tours, HD photography, and closing assistance.
  • Cash Offer Option: It empowers buyers to make a cash offer on your house using Houwzer’s funds. These buyers are pre-approved by Houwzer Mortgage.

Based on our research the drawbacks of opting for Houwzer can be because the plans are:

  • Not Suitable for High-Valued Homes: If you’re selling a house priced over $100,000, you end up paying thousands of dollars in commissions.
  • Not Personalized for Your Support: The agents are salaried and handle multiple clients at once. They may not provide complete assistance to you.

Houwzer has an average rating of 4.8 out of 5 stars from 300+ reviews on Google.

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

Houwzer was launched in Philadelphia, PA, in 2014. This real estate brokerage company has an easy-to-navigate dashboard. They let you chat with the assigned agent and track your listings.

Moreover, their add-ons, like professional photography and closing assistance, make your home-selling journey easy.

However, Houwzer’s agents handle multiple clients at once. They may not be able to provide you with personalized help.

9. 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, headquartered in Aurora, Colorado, is a licensed discount real estate agent firm. They work on the principle of a flat fee brokerage.

They offer a wide range of services, from property valuation to professional photography. However, some customers faced issues with service quality from their agent. Also, they operate in only 9 states in the US. 

10. Prevu

Low Commission

Prevu
Prevu logo
  • Listing Fee: 1.5% of Sale Price
  • Restricted coverage
  • 5 Stars 5/5 (600+ Reviews)

Prevu is a reliable discount real estate agent service. 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 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 Realtor.
  • Closing Costs Calculator: Sellers can get an estimate of their closing costs.

Prevu offers the following disadvantages:

  • Limited Coverage: Prevu serves 14 states and Washington D.C. focusing on high-end metro areas and suburbs.
  • 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.

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 Real Estate is a licensed brokerage located in New York. It has highly qualified agents and over 500 positive reviews on Google.

They provide services from home valuation, and 3-D virtual tours, to open houses and social media campaigns.

However, Prevu has a small team of agents who deal with many clients. This limits your ability to select an agent of your choice.

Discover the Top Low Commission Realtors Near Me

Locate nearby low commission real estate agents for cost-effective transactions.

RegionStates/CitiesDiscount / Low Commission Realtors & Companies
NortheastStatesConnecticut | Massachusetts | New Hampshire | New Jersey | New York | Pennsylvania | Rhode Island | Vermont | Delaware | Maine
NortheastKey Cities Lawrence, MA | Albany, NY | Pittsburgh, PA
MidwestStatesIllinois | Indiana | Iowa | Kansas | Michigan | Minnesota | Missouri | Nebraska | North Dakota | Ohio | South Dakota | Wisconsin
MidwestKey Cities Chicago, IL | Naperville, IL | Westchester, IL | Indianapolis, IN | Elk River, MN | Eureka, MO | Kansas City, MO | St Charles, MO | St. Louis, MO | Omaha, NE | Cincinnati, OH | Cleveland, OH | Columbus, OH | Dayton, OH | Kenosha, WI | Milwaukee, WI
SouthStatesAlabama | Arkansas| Florida | Georgia | Kentucky | Louisiana | Maryland | Mississippi | North Carolina | Oklahoma | South Carolina | Tennesse | Virginia | Texas | Washington, D.C. | West Virginia
SouthKey CitiesAlaska | Arizona | California | Colorado | Hawaii | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming
WestStatesAlaska | Arizona | California | Colorado | Hawaii | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming
WestKey Cities Phoenix, AZ | Los Angeles, CA | Orange County, CA | San Diego, CA | San Jose, CA | Sacramento, CA | Ventura, CA | Indio, CA | San Francisco, CA | San Fernando Valley, CA | Ramona, CA | Denver, CO | Colorado Springs, CO | Fort Collins, CO | Loveland, CO | Oahu, HI | Ewa Beach, HI | Pearl City, HI | Maui, HI | Honolulu, HI | Boise, ID | Albuquerque, NM | Las Vegas, NV | Eugene, OR | Portland, OR | Vancouver, WA | Seattle, WA | Camano Island, WA

What Are Low Commission Real Estate Agents?

Low-commission real estate agents charge a lower listing fee than traditional agents. Where a traditional agent charges you 2.5% to 3%, low-commission agents charge 1% to 1.5%. This can save up to $5,000 to $10,000 on a $500,000 home sale.

These agents provide similar services and professional support for the same price. They may provide full service, and manage the entire sale. They help you to list, market, and do paperwork for selling a house.

How Much Will I Save With a Low-Cost Realtor?

For example, you want to sell your house for $500,000. Now if you use a low-commission agency, they will help you save the following amounts:

Traditional Agent
(2.5% commission)
Discount
(1% commission)
Discount
(1.5% commission)
Discount
(2% commission)
Seller's Agent
$12,500
$5,000
$7,500
$10,000
Buyer's Agent
$12,500
$12,500
$12,500
$12,500
Total
$25,000
$17,500
20,000
$22,500
Savings
❌ $0
✅ $7,500
✅ $5,000
✅ $2,500

Types of Low-Commission Real Estate Agents

Real estate agents with low commissions are divided based on the services they offer:

  1.  Flat Fee MLS Companies: These 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. Virtual Full-Service Agents: A virtual full-service low-commission broker handles everything online. They provide all services, including negotiation and marketing support, free of charge.
  3. Flat-Rate Low Commission Agents: These companies charge a fixed fee instead of the regular 3% commission. The fee can be anywhere between $3,000 and $5,000. A flat-rate Realtor is perfect for homes priced on the higher end.

How Do I Choose a Low Commission Real Estate Agent?

The low commission does not always equate to the best value. Consider these key factors when choosing a real estate agent.

  • Low Commission: Look for listing agents charging the lowest commission, typically around 2%.
  • Agent Experience: Choose an agent with a proven track record in your area. Apart from offering lower commissions, their expertise can outweigh the cost savings.
  • Services Offered: Prioritize agents who offer essential services like professional photography, effective marketing, and strong negotiation skills. These services can significantly boost your property’s sales.
  • Authentic Reviews: Check customer reviews on Google and Trustpilot to ensure that you don’t fall for any scams.

Low Commission Realtors: Pros and Cons

Pros of Low-Cost Realtors

  • Enhanced Saving: With lower commission fees, you save thousands of dollars on commission fees.
  • Less Paper Work: Some low-commission agents streamline the process, reducing the amount of paperwork and administrative tasks you need to handle.

❌ Cons of Low-Cost Realtors

  • Limited Support: Low-commission agents may offer fewer services, potentially leading to less personalized attention and support throughout the selling process.
  • Lower Profit: If essential services like marketing and negotiation are compromised, your property might sell for less. As a result, you could end up with a lower profit, even with a reduced commission.

Alternatives to Low Commission Real Estate Agents

Here are some options if you do not want to opt for a low-cost Realtor:

  • List With a Full-Service Realtor: For first-time sellers, we suggest you hire a full-service Realtor for personalized assistance. Nevertheless, it’s important to consider that the standard commission fee usually ranges from 5% to 6%.
  • Sell to an iBuyer: Opendoor and Offerpad purchase homes across the country. iBuyers can be a great option to sell your house quickly. Some iBuyers also give you an option to sell your house as-is.
  • Sell to Cash Home Buyers: Cash home buyers present all-cash offers, typically within 24 to 48 hours. This spares you from the trouble of listing on the MLS, inspection, appraisal, and other processes.
  • 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 Low Commission Real Estate Agents Worth It?

Yes, low-commission real estate agents are trustworthy. They are the best way to save money on commissions. Instead of the typical 3% listing agent commission, you’d need to pay around 1% to 2% of your home’s sale price.

You can reduce this amount further by using flat-fee MLS services like Houzeo. Companies like Houzeo provide personal assistance and smooth real estate transactions for a fraction of the price.

Eager to Know How Houzeo Works?

Here’s how you can list your home on the MLS with Houzeo.

How to List on MLS With Houzeo?

5 Easy Steps to List on MLS with Houzeo as FSBO

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» Need more clarity? Read these exclusive Houzeo reviews and learn why it is one of the best FSBO sites in America.

Frequently Asked Questions

How can I find the best low commission real estate agents near me?

To find low commission real estate agents near you, you should look online, ask for refferals and consider flat fee brokerages.

Which real estate company charges the least commission?

Houzeo , Redfin, and Ideal Agent top the charts. On the other hand, low cost Realtors like Houwzer can be a good bet for high valued homes.

Are low commission Realtors worth it?

Yes, hiring low fee real estate agents is the best way to save money. They charge you 1% to 1.5%, which is less than the typical 3% listing agent commission.

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