5 Best Arkansas REALTORS You NEED To Know

The Arkansas housing market is finally cooling off. Mortgage rates will remain elevated throughout the first few months of 2023. The process can be overwhelming if you’re looking for a home or getting ready to sell your own.

With our rankings of the 5 best REALTORS in Arkansas, you can find the right one for a smooth and hassle-free real estate transaction.

Reviews: 5 Best REALTORS in Arkansas

1. Bill Johnson

2. William Payne

3. Marion Aust

4. Margie Moldenhauer

5. Scott Sandlin

What are REALTOR Agents?

Realtor Agents are real estate professionals adhering to the code of ethics laid down by the National Association of REALTORS (NAR), America’s largest real estate association.

The designation of a Realtor in Arkansas is open to a variety of professionals like commercial brokers, agents, appraisers, property managers, and counselors working in the real estate sector.

» NAR Code of Ethics: A Comprehensive Guide.

What is the Average Realtor Commission in Arkansas?

The average Realtor commission is typically between 5 and 6%. However, this fee is negotiable and legal as well. With increasing competition and better alternatives, Realtor agents are willing to lower their commissions and provide concessions to the home seller.

🔎 Real Estate Commission Arkansas: Know what the average real estate commission in Arkansas is!

 

Who Pays REALTOR Fees?

The seller typically pays the REALTOR fees. However, this concept is a tricky one. Although the seller is responsible for paying the fees to the REALTOR, they have already considered this amount when determining the listing price. In simple terms, it can be said that REALTOR fees are a part of the sale price of a home.

💲 Save on commission – list on MLS for less with Houzeo real estate!

Do Closing Costs include REALTOR Fees?

Yes. REALTOR fees are a major part of the closing costs that a seller or a buyer pays in a real estate transaction. Closing costs, also known as “settlement costs,” are the final expenses to complete the real estate transaction.

1. Home Selling

A sizeable chunk of the seller’s closing costs, comprising 5%–6% of the sales price, is made up of REALTOR commissions. It is important to note that the seller pays a commission to both the listing agent and the buyer’s agent.

The commissions can vary according to the type of service you want to opt for selling your home.

1. Flat Fee MLS: Sell your home with an average fee of $399 and save thousands in commissions. Get the best possible exposure for your home by listing it on the MLS.
2. Discount Real Estate Brokers: The average fee these brokers charge is $5,000 or 1.5% of the sale price. They provide services at reduced rates thereby making them a top choice for sellers.
3. Full-Service Realtors: They provide all their services online for a fixed upfront fee or for a commission. Their services include listing your house, documentation, negotiations, showings, and closings.

2. Home Buying

Buyer closing costs do not usually include the REALTOR fees. However, this fee is already included in the price the buyer pays for their home.

⚡Buyer Closing Costs: Check our in-depth on how much the buyer has to pay as closing costs.

REALTOR vs. Agent vs. Broker

• Real Estate Agents: They are licensed professionals who represent buyers or sellers in real estate transactions. They must work independently or with a broker or a brokerage.
• Real Estate Broker: Brokers are agents with experience and a license, allowed after completing additional coursework. They can either start their own brokerage or work independently as agents.
• REALTOR®: REALTORs are agents or brokers that are members of NAR and follow NAR’s code of ethics. Their modes of operation and responsibilities include that of agents and/or brokers.

How to Find a REALTOR in Arkansas?

Home sellers can find the right REALTOR in Arkansas with proper research. If you wish to sell a single-family home or a condo, it is essential to find a REALTOR specializing in that sale.

We have listed the process for finding an Arkansas Realtor who will help you in your real estate journey.

» Best Realtors: Here are the top REALTORS in the US you should know!

Can You List Your Home on the MLS Without a REALTOR?

No. Only licensed real estate agents have access to the MLS. There is no way to list on the MLS without an agent.

You can just opt for a Flat Fee MLS listing service. With a Flat-Fee MLS listing, you pay a small fee instead of a full listing agent commission. A Flat Fee MLS listing is the fastest way to get listed on the MLS and hit the market.

With high-tech services like Houzeo real estate, you can get listed faster than a traditional full-service Realtor. And save thousands!

» How to Get Access to MLS: Here’s how to list on MLS without a REALTOR!

Alternatives to Best Realtors in Arkansas

If saving money is the main goal you should consider the following:

1. Flat Fee MLS Companies

With Flat Fee MLS companies like Houzeo real estate, you can not only save thousands of dollars in commissions but also take advantage of their technology for selling your house fast. These companies will list your property on your local MLS for a flat fee of a few hundred dollars.

They also offer a range of other services like showing management, offer management, and digital transaction management. These companies are the cheapest way to get your house on the MLS and maximize your profits.

» Flat Fee Real Estate Arkansas: Check out the best Flat Fee MLS Companies in Arkansas.

Can you list your home on the MLS without a REALTOR?

Technically, no. Only licensed real estate agents have access to the MLS. There is no way to list on the MLS without using an agent.

You can just opt for a Flat Fee MLS listing service. With a Flat Fee MLS listing, you pay a small fee instead of a full listing agent commission. A Flat Fee MLS listing is the fastest way to get listed on the MLS and hit the market.

With high-tech services like Houzeo, you can get listed faster than a traditional full-service Realtor. And save thousands!

» How to Get Access to MLS: Here’s how to list on MLS without a REALTOR!

2. Discount Brokers

Discount brokers are licensed individuals or companies that help you sell your home at a low commission or flat rate. Most discount realtors charge a single fee for the entire sale.

These Flat Fee Realtors have the tools to provide excellent exposure to home sellers. They offer social media exposure, a personalized website, and other features despite offering their services at a lower rate than traditional real estate brokers.

Here are our top recommendations:

Discount Brokers	Fees
Redfin	1.5% of the sale price
SimpleShowing	1% of the sale price
Houwzer	$5000 Flat Fee
Redefy	$3500 Flat Fee

⚡ Discount Real Estate Brokers: Check out detailed reviews of top discount real estate agents.

3. Sell “For Sale By Owner”

77% of the FSBO sellers sold their houses in 2 weeks. Advanced FSBO websites like Houzeo help you sell your home fast and make a successful sale.

The best part about selling a house by owner is the freedom to make decisions about your home sale without a Realtor. Since there is no listing agent involved, you end up saving thousands of dollars on the seller agent commission which would have been impossible otherwise.

⚡How to Sell a House By Owner in Arkansas: Check out our tips for selling your home like a pro with FSBO

Selling with a Realtor vs. FSBO vs. Flat Fee MLS

4. Sell to “We Buy Houses for Cash” Companies

When selling a home for cash, you can skip repairs to reduce your expenses. Selling your house as is will save you money and time. Home sellers get 50% – 70% of the property’s market value for their houses, whether it’s a distressed property or not.

When selling their houses to cash companies, fewer inspections and paperwork speed up the closing process significantly. Cash companies are the institutional investor networks of house flippers and wholesale real estate investors.

⚡ Cash Home Buyers in Arkansas: Check our rankings of the top cash companies in AR!

5. Sell to iBuyers

iBuyers are companies that buy houses for cash. The price is decided with the help of their proprietary algorithm, recent real estate data, and in-house experts. An iBuyer makes an all cash offer and closes the deal within 24 hours. However, there are certain pitfalls when dealing with an iBuyer.

• The offer price is sometimes way lower than the actual market price
• Their offer price is generally non-negotiable
• Charge steep service fees – generally 5%-14% of the sale price

Hence, iBuyers are only recommended if you want a quick sale rather than to save your money.

⚡ iBuyer Reviews: See who’s No.1 in America!

Final Word

Having a good REALTOR® when selling or buying a house can make the process a cakewalk. Their guidance can help you get the best price for your property or find your dream home.

However, with the average REALTOR commission being 6% across the nation, split 50-50 between the listing agent and the buyer agent, your profits on the sale are substantially reduced. Additionally, seller closing costs will eat away at your profits.

Although there is no escaping the closing costs, opting for Flat Fee Realtor, empowered by Houzeo, can help you save 3% listing agent commission.

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 most advanced websites for sale by owner in the U.S.

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why it is the best for sale by owner site in America.

Frequently Asked Questions about REALTORS in Arkansas

Also Read

• Selling My Home Fast for Cash: Know how to sell your house in quickly and for the most cash.
• Best Time to Sell a House in Arkansas: Know the best time to put your Arkansas home for sale.
• Seller Disclosure Arkansas: Learn how to ace your disclosure process.
• Home Staging Companies in Arkansas: Home Staging Companies can help you make your home more appealing to potential buyers. Know how.
• Real Estate Photography Arkansas: Make your home stand out with the best listing photos.
• Sellers Closing costs Arkansas: Know how much you will pay as a seller in Arkansas.
• Arkansas Real Estate Websites: Check our rankings of the best real estate websites in Arkansas.

Recommended for Buyers

• Foreclosure Meaning: An in-depth guide.
• Title Insurance Coverage in Arkansas: Know everything about title-insurance in the home-buying process.
• Arkansas Home Inspector: Check our rankings of the best home inspectors in Arkansas.
• Appraisal fee in Arkansas: Know how much you need to pay for a home-appraisal in Arkansas.
• Mortgage Companies in Arkansas: Check our rankings of the best mortgage companies in Arkansas.

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