BREAKING NEWS: Post the NAR Settlement, Oklahoma City discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $16,410 in commission on an average $273,500 Oklahoma City home.
Whether you’re selling a house in Bethan or Chandler, the best discount real estate brokers in Oklahoma City will help you save on the 3% listing agent commission. And an additional up to 2.5% to 3% on the buyer agent commission! That’s a cool $16K on an average Oklahoma City home.
Rankings: Top 5 Oklahoma City Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the OKC based on how much you can save on an average $273,500 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | Flat Fee Realty | $299 Flat Fee | ❌ | ❌ | ❌ | ❌ |
| 3. | UpNest | 4.3% Commission or As decided by the agent | ❌ | ❌ | ❌ | ❌ |
| 4. | JMR Realty | 1% Commission | ❌ | ❌ | ✅ | ✅ |
| 5. | Ideal Agent | 2% Commission | ❌ | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Oklahoma City
There are two types of Oklahoma City discount real estate brokers:
- Flat Rate Discount Brokers: Also called Flat Fee MLS companies, these discount realty services let you list your home for a fixed upfront fee. A Flat Fee MLS Oklahoma listing service costs between $399 to $4,000.
- Fixed Percentage Discount Brokers: These discount Realtors charge a fixed percentage of the home’s sale price. Typically, it is anything lower than the traditional 3% fee: 1%, 1.5%, 2% or 2.5%, etc.
Reviews: 2 Best Flat Rate Discount Real Estate Companies in Oklahoma City
1. Houzeo.com
#1 Discount Real Estate Service
Listing Fee: $399+$350 at closing4.9/5
Houzeo is a top technology-driven real estate platform. It offers 4 different packages:
- Bronze Package ($399 + $350 at Close): List your house for 6 months. You can upload 24 house photos.
- Silver Package ($399+0.5% at Close): List your home for 6 months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
- Gold Package ($429+0.5% at Close): This package offers all the benefits of the Silver package, as well as licensed broker assistance, contract review, and more.
- Platinum Package ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12 months. Brokers assist you in negotiations, disclosures, and closing.
👉 Our Take: We recommend Houzeo to all home sellers. The company has an excellent customer rating of 4.9 out of 5 stars. It has extensive coverage across 47 states + DC, a feat achieved by only a handful of other services.
» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities within 60 minutes.
These are the key features that make Houzeo one of the top discount real estate brokers:
- Significant Commission Savings: You will pay just a small flat fee to list on the MLS. On average, home sellers who used Houzeo saved $12,511.
- No Hidden Fees: All costs are disclosed upfront so you don’t have to worry about hidden charges.
- Near Nationwide Coverage: Houzeo operates in 47 states and DC, with ongoing plans for expansion.
- Max Exposure: Houzeo packages give you access to renowned MLS companies.
- Advanced Technology: Eliminate the hassle of extensive paperwork. E-signature and online forms make house listing quick and easy.
- 5-star Customer Service: Dedicated customer support addresses your every concern easily.
- Mobile App: Houzeo’s mobile app lets you manage showing requests from verified buyers and buyer agents. You can either accept, reject, or reschedule showings at your convenience.
- Home Value Estimator: Houzeo’s Home Worth Estimator is online and quick to know the FMV of your home. It provides free home value estimate within 30 seconds.
There are no dealbreakers with Houzeo.
» Houzeo Reviews: Houzeo is rated “Excellent” by 10,000+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,000+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is America’s #1 ranked real estate brokerage company. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
Houzeo’s flat fee feature helps you save thousands on agent commissions. You also get dedicated customer support that makes the home-selling process easier.
2. Flat Fee Realty
UNLIMITED LISTING TERM
Listing Fee: $99 - $5954.3/5
FlatFeeMLSRealty offers three real estate listing packages to suit different needs and budgets:
- Silver Package – $99: This package includes a 3-month listing term and up to 15 photos with 10 listing changes.
- Gold Package – $249: This package comes with a 6-month listing term and enables you to include up to 50 photos with unlimited listing changes.
- Platinum Package – $549: This package has unlimited listing terms and changes with 25+ HD photos.
👉 Our Take: Flat Fee Realty is an affordable option. However, they do charge additional fees for optional upgrades like additional photos and listing changes.
These are some pros of Flat Fee Realty in the areas it operates:
- Cost-Effective: Flat Fee Realty offers an affordable flat fee listing package.
- Free listing Changes: You can make changes to your listing without paying any additional fees.
- Easy Cancellation: You can cancel anytime and get a refund within 30 days of purchase. If you decide not to sell your home, some of your listing fees will be refunded.
In our research, we have found certain drawbacks of Flat Fee MLS Realty.
- Not for First-Time Sellers: Flat Fee MLS Realty may not be ideal for you if you are a first-time seller. You’ll have to conduct tours and communicate with buyers on your own.
- Expensive Add-ons: For services like professional photography, you have to pay an additional $460 with the Silver package and $300 with the Gold package.
Flat Fee MLS Realty has 4.3 out of 5 stars from 90+ total reviews on Google.
» Flat Fee Realty Reviews: Read our in-depth review of Flat Fee Realty.
Flat Fee Realty offers a single Flat Fee MLS package that varies by state. With this package, you get free listing changes and related disclosures.
However, Flat Fee Realty requires you to pay a minimum 2% buyer agent commission, 0.25% of which goes as a kickback to your listing agent. This means you end up paying a small commission to the listing agent at closing.
Reviews: 3 Best Fixed Percent Discount Brokers in Oklahoma City
3. UpNest
Negotiable FEES
Listing Fee: Varies as per the agent4.7/5
UpNest offers agent-matching services. Here’s how it works:
- No Upfront Cost: UpNest connects you with top local real estate agents at no upfront cost. Agents will discuss commission rates, fees, and potential discounts directly with you.
👉 Our Take: With UpNest you get multiple real estate agent options to choose from. However, agents’ commission rates and qualifications can vary significantly, and the quality of service may depend on the broker you select.
Here’s what UpNest offers:
- Multiple Agent Proposals: Get 3–5 commission quotes from top local agents. Compare options easily without contacting agents yourself.
- Quick Turnaround: Receive agent matches within 24 hours of signing up.
- Transparent Pricing: View all commission rates and potential savings upfront. There are no hidden fees or pressure to commit.
- Nationwide Coverage: It offers service throughout the US. It connects you with the local agent who has current market insights.
Here are some of the downsides of working with UpNest:
- No Guaranteed Savings: UpNest does not offer guaranteed savings. Instead, each agent sets their own listing fee.
- No Control Over Agent Selection: UpNest shows you commission quotes from selected agents. As a result, you might miss out on other qualified agents who are part of their network.
UpNest has a rating of 4.7 out of 5 stars on Google.
» UpNest Reviews: Is UpNest actually saving you money in 2024? Read to find out.
UpNest is a licensed agent-matching brokerage. It is headquartered in California. Move, Inc., (the parent company of Realtor.com) acquired UpNest in June 2022.
UpNest pairs you with local agents with a proven sales record. However, you may end up fixing a high commission for the agent.
4. JMR Realty
LOCAL EXPERT
Listing Fee: 1% of sale price5/5
JMR Realty is a discount brokerage that offers low-commission services to home sellers and buyers. They have two plans for FSBO homes.
- 1% Commission: Services include professional photography, yard sign, Comparative Market Analysis, contract negotiation and more. Your listing gets displayed to local and national real estate websites.
- Flat Fee Package – ($999): The services provided are similar to the full-service package. The seller handles additional tasks like negotiations, house inspections, showing coordination, etc. This fee is non-refundable.
👉 Our Take: JMR Realty can be an good option for experienced sellers, who do not need much hand-holding can opt for their Flat Fee package. However, you can consider other affordable Flat Fee MLS companies for more savings.
Based on our research, the benefits of JMR Realty are:
- Market Exposure: Your home gets featured in the local MLS and all major real estate websites. They also digitally market your property.
- Local Expert: JMR Realty is an Oklahoma-based discount realty. Their agents are industry professionals with in-depth knowledge of the local market.
- Comprehensive Service: Both packages include professional photos, marketing, showing coordination, etc.
Here are some limitations we found with JMR Realty:
- Non-refundable Flat Fee: The $999 flat fee is non-refundable, even if your home doesn’t sell or if you’re unsatisfied with the service.
- Limited Coverage: They offer their services only in Greater Oklahoma City and Edmond.
- Less Automation: They lack advanced tools for managing the sale process such as automated online listing management.
- Limited Reviews: Despite being in the business since 2010, JMR Realty does not have enough reviews.
JMR Realty has a 5-star rating on Google.
Jimmy Hughes established JMR Realty. The company offers full service and flat fee packages to home sellers.
JMR Realty serves Edmond, Oklahoma City, Guthrie, Yukon, Mustang, Midwest City, and surrounding areas. However, they do not offer any buyer rebates to home buyers.
5. Ideal Agent
Agent Matching Service
Listing Fee: 2% of Sale Price5/5
Ideal Agent is an agent matching company. It offers a single listing package for sellers:
- 2% Commission: Ideal Agent charges a 2% commission to the listing agent, which is lower than traditional rates (typically 2.5 – 3%). On an average home price of $400,000, you will be charged $8,000.
👉 Our Take: The 2% listing fee is competitive, however, the buyer’s agent still gets a 2.5 – 3% commission, bringing the total commission to around 4.5 – 5%. The savings are notable but not as significant as flat-fee brokers.
Ideal Agent stands out with several attractive offerings:
- Top Agents: The platform only works with experienced agents from major brokerages like Keller Williams Realty and RE/MAX.
- National Network: Coverage extends across the U.S., making it a versatile option for sellers nationwide.
It’s important to be aware of these potential drawbacks:
- Limited Savings: Despite the reduced listing commission, the total commission cost isn’t drastically different from standard agents.
- Agent Pool: In less populated areas there may be fewer agents to choose from, limiting flexibility.
Ideal Agent has a rating of 5 out of 5 on Trustpilot.
» Ideal Agent Reviews: Does Ideal Agent benefit you in the 2024 market?
Steve Johnston established ldeal Agent in 2016. It is headquartered in Tampa. It offers all the traditional Realtor services with a 2% commission on home sale value.
However, customers who have used their services have complained about hidden charges.
Discount Real Estate Brokers Oklahoma City: How Much Will You Save?💲
Oklahoma City discount brokers can help you save almost the entire 6% commission, depending on your home’s worth.
If you choose a 6% full-service Realtor, you’d pay $16,410 to sell an average $273,500 house in the OKC. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $1,797 and save $14,614!
NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely be paying much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage Buyer Agents and again when sellers review offer contracts.
- Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent commissions can still be offered outside of the MLS. They just cannot be advertised on the MLS.
Discount Realtors in Oklahoma City: Pros and Cons
Even though cheap Realtors in Oklahoma City will save you thousands in commissions, you should consider the advantages and disadvantages of hiring one:
Pros ✅
- Sell Home for a Discounted Fee: You’ll pay less fees for a discount real estate listing in Oklahoma City than a 6% Realtor. Even if you only want to list your Oklahoma home on MLS, you pay a much lower fee than the typical 3% listing agent fee.
- Receive Full-Service Realtor Services: Discount real estate agents in Oklahoma City will provide the basic services that any traditional agent would. This includes assistance with pricing your home, marketing, paperwork, and negotiations.
Cons ❌
- You May Become a Victim of Hidden Fees: Some discount brokerages in Oklahoma City may charge hidden fees or sell essential services a la carte. Beware of shady discounted agents who lure you in with significantly low fees. Do your research and look at the best discount realtors in OK.
- Unreliable Service Quality: Discounted real estate brokers in Oklahoma City handle multiple clients at once to make up for the reduced commission rate. They may not be able to provide personalized assistance all the time.
- High Cancellation Fees: An OK discount real estate broker can charge a minimum withdrawal fee within a specified period. Remember to carefully review the terms and conditions of the contract before signing.
Alternatives to Discount Real Estate Agents in Oklahoma City
Here are some options if you do not want to opt for a discount Realtor in Oklahoma City:
- Sell Your Home For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs, word of mouth, open houses, etc. But your listing won’t be on Zillow, Trulia, Realtor.com, and Homes.com! Meanwhile, FSBO websites in Oklahoma will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Oklahoma scour the MLS for Oklahoma homes for sale. This includes iBuyers, investors, and home flippers.
- Sell With a Full-Service Realtor: If you are not interested in saving your equity, you can hire a full-service, in-person Realtor in Oklahoma City. You’ll end up paying a full 5% to 6% commission. That’s $16,410 on a $273,500 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Oklahoma City?
Houzeo.com and Flat Fee Realty are the top discount real estate brokers in Oklahoma City. Both provide an incredible combination of savings and technology. However, Flat Fee Realty charges a 2% buyer agent commission, while thousands of sellers have rated Houzeo as 4.9 out of 5.
» Houzeo Reviews: Find out why 15,000+ home sellers love Houzeo.
How much is the real estate agent fees in Oklahoma City?
On average, traditional agents in Oklahoma City charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Oklahoma City charge 1% to 3%.
How do I find a discount broker near me in Oklahoma City?
You could choose a discount broker, or list your home using Houzeo. With Houzeo, your home will be listed on the MLS within 24 to 48 hours.
Can you negotiate Realtor fees in Oklahoma City?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
