The median home price in Minnesota increased by 7.9% in July 2022 to reach $339,000. High prices mean sellers have to pay hefty commissions. In such a case, a home seller may struggle to sell their home without help.
With our rankings of the best REALTORS in Minnesota, you can find the right individual for a smooth and hassle-free real estate transaction.
Reviews: Best Minnesota REALTOR
1. Jeff Hagel
BEST OVERALL
Jeffrey Hagel
- Experience: 16 years
5.0/5.0
(11 reviews)
5.0/5.0
(11 reviews)Why Jeffrey Hagel is #1: He is an award-winning Realtor from Iowa, with 16 years of experience in the industry. He provides Flat Fee MLS listing services powered by Houzeo’s tech.
BEX Realty: It is a real estate brokerage that offers great resources to home buyers. BEX Realty provides a user-friendly website for people to search for the best home that fits their criteria.
For Home Sellers
- Affordable Listing Packages: Through Houzeo, Jefferey Hagel offers Flat Fee MLS service at an economical rate. A home seller can choose from the available options to choose the ideal package that can help them to list and sell their house.
- Cutting-edge Technology: Through Houzeo.com’s advanced features, Jeffrey can offer you 100% online listing management, online showing management, offer management, and digital transaction management.
For Home Buyers
- Concierge Service: Buy your dream home with the best agents at Bex Realty who can help you to purchase the right home, in the right locality at the right price.
- Buyer Closing Cost Calculator: Home buyers can use Houzeo’s Closing Cost Calculator to estimate their expenses in purchasing their home.
Our Take: We recommend Jeffrey Hagel for his expertise in the real estate industry. With the help of Bex Realty and Houzeo’s tech, home sellers and buyers can find the right tools and features to sell and buy a property.
» List with Jeffrey: Check out the services provided by Jeffrey via Houzeo.com.
- Experienced in foreclosures.
- Sold over 42 properties in the last 12 months.
Jeffrey Hagel has a 5-star rating on Houzeo.com.
Jeffrey Hagel from BEX Realty provides his services in three states in the US. He covers the following MLS’:
Iowa
- Southeast Iowa MLS-IA
- Cedar Rapids Area AOR MLS -IA
- Iowa City Area MLS – IA
- Northwest Iowa MLS-IA
» Flat Fee MLS Iowa: Check out how a Realtor’s services compare to the flat fee MLS companies in Iowa.
Minnesota
- Duluth Area Association MLS DAAR-MN
- Fargo-Moorhead MLS-MN
- Northstar MLS – MN-MN
- Northstar MLS -MN
- West Central Association (WCAR MLS)-MN
» Flat Fee MLS Minnesota: Check out how a Realtor’s services compare to the flat fee MLS companies in Minnesota.
North Dakota
- Badlands MLS-ND
- Fargo-Moorhead MLS-ND
» Flat Fee MLS North Dakota: Click to know how much you can save with Flat Fee MLS Companies in North Dakota.
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.
To become a licensed member of the NAR, real estate agents or brokers have to be certified members of a local realtor association and complete their NAR Code of Ethics training.
The designation of a Realtor in Minnesota is open to a variety of professionals like commercial brokers, agents, appraisers, property managers, and counsellors working in the real estate sector.
» NAR Code of Ethics: A Comprehensive Guide.
What is the Average Realtor Commission in Minnesota?
The average Realtor commission in Minnesota is typically between 5 and 6%. However, this fee is negotiable and varies from sale to sale depending on the region and the firm REALTORS work for.
🔎 Real Estate Commission Minnesota: Know what the average real estate commission in Minnesota is!
💸 Want To Save On The REALTOR® Commission?
We have got you covered. Sell your house with Houzeo.com for a small flat fee – as less as $349!
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REALTOR vs. Real Estate Agent vs. Real Estate Broker
| Sr. No. | Defining Features | Real Estate Agent | Real Estate Broker | REALTOR® |
|---|---|---|---|---|
| 1. | Explanation | A real estate professional possessing the license to assist people in buying, selling, or renting real estate. | A real estate professional having in-depth knowledge of the field, who has obtained a license after completing additional coursework beyond the agent level. | Real estate agents or real estate brokers can become realtors by becoming members of the NAR. They follow the NAR Code of Ethics and are held to a higher standard than real estate agents and brokers. |
| 2. | Training | No additional training is required except the completion of the prelicensing coursework | Required to undergo additional training pertaining to contracts, insurance, taxes, and ethics | Same as a Real Estate Agent and/or Broker |
| 3. | Eligibility | Required to pass the pre-licensing exam to obtain an agent’s license | Required to have some experience working as an agent and obtain a broker’s license after completing additional coursework | Same as a Real Estate Agent and/or Broker |
| 4. | Mode of Operation | Real estate agents are required to work for a broker or a brokerage. | Brokers can either start their brokerage or work independently as agents. | Same as a Real Estate Agent and/or Broker |
| 5. | Responsibility | Seller agents are required to help the seller price the property, host open houses, be present during the inspection, provide contract assistance, etc. | Brokers are required to oversee other agents working for them and hold other roles depending on whether they are a Principal Broker, Managing Broker, or Associate Broker. | Same as a Real Estate Agent and/or Broker |
How to Find a REALTOR in Minnesota?
Home sellers can find the right REALTOR in Minnesota 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 Minnesota Realtor who will help you in your real estate journey.
How to Find Realtors in Minnesota
- Look for real estate agents or brokers who are members of the NAR.
- Verify whether they provide cutting-edge tech.
- Check their customer reviews.
- Find out whether they offer optional online paperwork.
- Interview Realtors and convey your requirement.
- Compare the Realtors based on commission percentage and services provided.
- Finalize the one that best understands your real estate goals.
» Best Realtors: Here are the top REALTORS in the US you should know!
Alternatives to Top Realtors in Minnesota
If saving money is the main goal you should consider the following:
1. Sell with Flat Fee MLS Companies
With Minnesota Flat Fee MLS, you can not only save thousands of dollars in commissions but also take advantage of their technology to sell your house fast in the US. These companies will help you list on MLS for a flat fee of a few hundred dollars.
They also offer various 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 Minnesota: Check out the best Flat Fee MLS Companies in Minnesota.
We’ve compiled a list of the best Flat Fee MLS listing services near you:
2. Sell with Discount Brokers
Discount Brokers are licensed individuals or companies that help you selling a home in Minnesota 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 |
| Ideal Agent | 2% of the sale price |
| Houwzer | $5000 Flat Fee |
| HomeLight | 2.5% of the sale price |
⚡ Discount Real Estate Brokers: Check out detailed reviews of top discount real estate brokers near you.
3. Sell “For Sale By Owner”
77% of the FSBO sellers sold their houses in 2 weeks. Advanced for sale by owner site 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 Minnesota: 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 fast 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.
Lesser paperwork and inspections when selling their houses to cash companies speed up the closing process significantly.
⚡ Cash Home Buyers in Minnesota: Check our rankings of the top cash companies in MN!
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 offers 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
Good REALTORS in Minnesota can make selling a house a cakewalk. Their guidance can help you get the best price for your property in the most hassle-free manner.
However, with the average REALTOR commission being 6% across the nation – split 50-50 between the listing 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.
Frequently Asked Questions
What are the real estate commission rates in Minnesota?
The average commission rate for listing agents is 2.73% of the final home price and 2.68% for buyer's agents, for a total of 5.41%.
Who pays the REALTOR fees in Minnesota?
The SELLER pays the REALTOR fees in Minnesota.
How is the current real estate market in Minnesota?
The state's median sales price increased by 7.9% to $339,900 in the last year.
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 Minnesota: Know the best time to put your Minnesota home for sale.
- Seller Disclosure Minnesota: Learn how to ace your disclosure process.
- Home Staging Companies in Minnesota: Home Staging Companies can help you make your home more appealing to potential buyers. Know how.
- Real Estate Photography Minnesota: Make your home stand out with the best listing photos.
- Sellers Closing costs Minnesota: Know how much you will pay as a seller in Minnesota.
- Minnesota Real Estate Websites: Check our rankings of the best real estate websites in Minnesota.
Recommended for Buyers
- Foreclosure Meaning: An in-depth guide.
- Title Insurance Coverage in Minnesota: Know everything about title-insurance in the home-buying process.
- Home Inspector: Check our rankings of the best home inspectors in Minnesota.
- Appraisal fee in Minnesota: Know how much you need to pay for a home-appraisal in Minnesota.
- Mortgage Companies in Minnesota: Check our rankings of the best mortgage companies in Minnesota.
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