Let’s take a look at some examples of how low-commission actual property charges would possibly play out:
Agent fee examples by dwelling value
| Dwelling value | 6% charge (mixed) | 3% itemizing agent charge | 2% itemizing agent charge | 1.5% itemizing agent charge |
| $200,000 | $12,000 | $6,000 | $4,000 | $3,000 |
| $300,000 | $18,000 | $9,000 | $6,000 | $4,500 |
| $400,000 | $24,000 | $12,000 | $8,000 | $6,000 |
| $500,000 | $30,000 | $15,000 | $10,000 | $7,500 |
| $600,000 | $36,000 | $18,000 | $12,000 | $9,000 |
| $700,000 | $42,000 | $21,000 | $14,000 | $10,500 |
| $800,000 | $48,000 | $24,000 | $16,000 | $12,000 |
| $900,000 | $54,000 | $27,000 | $18,000 | $13,500 |
| $1,000,000 | $60,000 | $30,000 | $20,000 | $15,000 |
| $1,500,000 | $90,000 | $45,000 | $30,000 | $22,500 |
| $2,000,000 | $120,000 | $60,000 | $40,000 | $30,000 |
Well-liked low-commission actual property firms
Right here’s a take a look at among the main low-commission actual property firms, listed alphabetically, and examples of what they provide:
Intelligent Actual Property
Intelligent connects you with native brokers who conform to cost a diminished 1.5% itemizing charge ($3,000 minimal). The client’s agent charge should still apply relying in your association with the client, which might vary from 2.5% to three%. Intelligent notes, “We bring you the best, full-service agents from major brands and brokerages nationwide.”
Intelligent is accredited by the Higher Enterprise Bureau, holds an A+ score, and enjoys a buyer assessment rating of 4.93 out of 5 stars. Google prospects give the corporate a 4.9 common score out of 5 stars.
Houwzer
Houwzer employs salaried brokers and presents a 1% fee mannequin. Nevertheless, its low-commission itemizing agent providers are solely out there in Delaware, Florida, Maryland, New Jersey, Pennsylvania, Virginia, and Washington DC. Minimums might apply for lower-priced houses.
Houwzer doesn’t seem to carry a BBB accreditation however has a Google buyer assessment score of 4.8 out of 5 stars. In 2022, Houwzer acquired Trelora, a competitor that additionally presents low cost fee plans. Trelora additionally has a 5-star Google assessment score however does not maintain a BBB accreditation.
Ultimate Agent
Ultimate Agent advertises that you would be able to promote your house for “as low as a 2% commission.” The corporate pairs you with prime native brokers from giant brokerages throughout the nation. As with different low-commission actual property firms, the reductions refer solely to the itemizing agent charges. Houses priced underneath $150,000 have a minimal vendor fee charge of $3,000.
Ultimate Agent just isn’t accredited by the Higher Enterprise Bureau however holds an A+ BBB score. and enjoys a buyer assessment rating of 4.93 out of 5 stars. The corporate’s Google buyer assessment web page is at present not seen to the general public or has been deactivated.
Prevu
Prevu employs salaried brokers who present full-service assist for a 1.5% itemizing charge. Prevu additionally gives homebuyer providers that embrace a fee rebate (cash-back) program. Nevertheless, its providers are solely out there in choose markets.
Prevu doesn’t have a Higher Enterprise Bureau web page however has a powerful 5-star Google buyer assessment score.
Redfin
Redfin expenses a 1.5% itemizing charge, or as little as 1% in the event you additionally purchase a house with them. Their salaried brokers present end-to-end service in over 100 markets within the U.S. and Canada, supported by a user-friendly on-line platform. Redfin additionally gives a 3D tour so consumers can tour the home from wherever.
Critiques for Redfin are blended. It holds an unaccredited 1.14-star score from the Higher Enterprise Bureau accompanied by an F grade, however its Phoenix, Arizona workplace has an appropriate Google buyer assessment score of 4.1 out of 5 stars.
SimpleShowing
SimpleShowing additionally presents a 1% itemizing agent fee mannequin. The corporate emphasizes affordability and easy service for sellers. As with most different low cost providers, you should still have to pay the client’s agent fee if it’s included in your negotiations. For those who additionally purchase by means of SimpleShowing, it presents $5,000 or extra that you would be able to apply to closing prices.
SimpleShowing has a 4.9 score on Google. It isn’t BBB-accredited however has an A+ score. The corporate at present serves solely six markets: Atlanta, Tampa, Orlando, Miami, Fort Lauderdale, and Dallas.
