The home prices in Rochester, MN increaased by 0.4% to reach an average price of $280,000 in August 2022. Home sellers may require the help of a REALTOR to sell their homes in such a situation. Here are our rankings of the best REALTORS in Rochester, MN who will help you sell the property for the best price without any hassle.
Reviews: Best REALTOR in Rochester, MN
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.
For becoming a licensed member of the NAR, a real estate agent or broker has to be a certified member of a local REALTOR association and complete their NAR Code of Ethics training.
The designation of REALTORS in Rochester, MN 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 Rochester, MN?
The average REALTOR commission in Rochester 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.
🔎 Average Real Estate Agent Commission: Know what is the average real estate commission in the US!
💸 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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Real Estate Agent vs. Real Estate Broker vs. REALTORS
| 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 REALTORS in Rochester, MN
Home sellers can find the right REALTORS in Rochester, MN 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 a Rochester REALTOR who will help you in your real estate journey.
How to Find REALTORS in Rochester
- 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: Check out our rankings of the top REALTORS across the country
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 Top REALTORS in Rochester, MN
If saving money is the main goal you should consider the following:
1. Sell with Flat Fee MLS Companies
With Flat Fee MLS companies like Houzeo real estate, you can save thousands of dollars in commissions and take advantage of their technology to sell your house fast in the US. 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.
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 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 |
| 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 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.
⚡ Sell Your Home Fast As FSBO: 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 on 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.
⚡ Companies That Buy Houses for Cash: Check our rankings of the top cash companies!
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
Having a good REALTOR® when selling a house can make the process 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 about REALTORS in Rochester, MN
What are the real estate commission rates in Minnesota?
he 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%.
How many realtors in Minnesota?
There are 22,553 REALTORS currently working in Minnesota.
How is the current real estate market in Minnesota?
In October 2022, home prices in Minnesota were up 4.1% compared to last year, selling for a median price of $324,400.
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Also Read
- Selling a House As Is in Minnesota: Selling your house involves various steps like pricing, marketing, negotiating, paperwork, etc. Check out our comprehensive guide for selling your house as is in Minnesota.
- How to Sell a House By Owner in Minnesota: Home sellers who wish to sell their homes should know these things before they start. Read to know what steps to take.
- Companies That Buy Houses for Cash in Minnesota: If you wish to sell your house fast in Minnesota, then opt for cash home buyers. Check out the best ones who can help you!
- Real Estate Companies in Minnesota: Good real estate companies provide modern solutions to the modern home seller. Click to know what they do!
- Real Estate Websites in Minnesota: Top real estate websites use advanced technology to increase efficiency and reduce the time required for a real estate transaction. Check out the best near you!
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