BREAKING NEWS: Post the NAR Settlement, Portland discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $31,800 in commission on an average $530,000 Portland home.
Whether you’re selling a house in Pearl District or Laurelhurst, the best discount real estate brokers in Portland 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 $32K on an average Portland home.
Rankings: Top 5 Portland Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the The City of Roses based on how much you can save on an average $530,000 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ✅ | ✅ | ✅ |
| 2. | By Owner Oregon | $999
Flat Fee | ❌ | ❌ | ❌ |
| 3. | Change Realty | 1% Commission | ❌ | ❌ | ❌ |
| 4. | Redfin | 1% Commission | ❌ | ❌ | ✅ |
| 5. | Ideal Agent | 2% Commission | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Portland
There are two types of Portland 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 Oregon 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 Portland
1. Houzeo.com: Max Savings, No Hidden Fees
#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 Portland’s #1 ranked discount real estate company because sellers only have to pay a flat rate. It provides an unbeatable combination of maximum savings and 5-star customer support.
2. By Owner Oregon
Local Expert
Listing Fee: From $99-$9994.9/5
ByOwnerOregon.com offers Oregon homeowners three options for listing their homes for sale:
- Flat Fee MLS ($99 to $999): This includes multiple sub-packages. All sub-packages include an MLS listing in the local MLS. The listing period varies from 30 days to “until sold,” depending on the package.
- Agent Assist ($499 to $1099): These sub-packages include agent assistance upon request. The agent will assist you with pricing, CMA, and real estate transaction support. This package offers MLS listing for 3, 6, and 12 months.
- Multiple Packages from $0 to $999: This package offers full-service discount options of 1%, 0.75%, and 0.5%, with all three packages providing the same features. Each package includes MLS listings, “until sold” listing terms, digital photos, virtual tours, and more.
👉 Our Take: If you want to sell in Oregon, By Owner Oregon can be on your list. It offers low commissions, high exposure, various package options, and great customer reviews.
By Owner Oregon offers certain advantages:
- Market Exposure: By Owner Oregon markets your property on the local MLS and websites like Realtor.com, Zillow, Trulia, Redfin, etc.
- MLS Packages: They offer various listing packages consisting of diverse offerings.
- Photography Packages: They offer various photography packages. They include interior/exterior photos, drone photos, and a Zillow 3-D scan of the property.
Here is a red flag of By Owner Oregon:
- No Refunds: Although By Owner Oregon allows you to cancel your listing anytime, they don’t offer refunds on your listing fee.
By Owner Oregon has an average rating of 4.9 out of 5 stars on Google Reviews.
» By Owner Oregon Reviews: Find out if By Owner Oregon is too good or too good to be true?
By Owner Oregon is one of the top real estate companies in Oregon. They offer a variety of services and packages, which includes Flat Fee MLS, photography, full-service, and agent assist packages.
Furthermore, they have good customer ratings and feedback.
Reviews: 3 Best Fixed Percent Discount Brokers in Portland
3. Change Realty
LOCAL EXPERTS
Listing Fee: 1% of the sale price3.7/5
Change Realty is a full-service discount real estate brokerage that has been serving for 14 years.
- 1% Commission: Change Realty charges 1% of the sale price as its commission. The fee includes professional photography, multiple listing services, and a custom video tour.
👉 Our Take: Change Realty’s 1% listing fee is attractive for budget-conscious homeowners, offering full-service expertise. However, ensure their service level matches your expectations compared to traditional brokers before committing.
Here are some advantages of choosing Change Realty:
- Experienced Team: The company has been in business for over 13 years. Their agents have good real estate and financial planning experience and will guide you throughout the process.
- In-Home Consultation and Valuation: Change Realty provides full support, starting with a home consultation and market analysis. They handle negotiations, inspections, and closing, delivering full-service care at a discounted rate.
Here are some red flags you should consider before choosing them:
- Poor Customer Service: Customers have complained that some agents neglected them. Moreover, customers reported that the communication and feedback were not satisfactory.
- Unsatisfactory Agent Assistance: Customers reported that the agents did not discuss any strategies to sell their house with them.
Change Realty has a rating of 3.7 out of 5 from 19 reviews on Google.
Change Realty has been in the real estate market for 14 years. They offer home buying and selling services. They have an experienced and knowledgeable team.
However, they have received negative feedback from customers due to unprofessional agent behavior.
4. Redfin
Best-In-Class Agents
Listing Fee: 1% of Sale Price3.4/5
Redfin is the largest discount real estate company. Its premier agents, with years of experience, help you buy and sell high-end homes.
- Listing Price: Redfin charges a 1% listing fee if you want to sell a house and buy your next one with them. It charges a 1.5% listing fee if you decide to just sell your house with Redfin.
👉Our Take: Redfin is a technology-based platform. You can expect transparency and an accurately managed database. However, you may not get complete attention due to their high customer volume.
» Is Redfin Legit? Check the legitimacy of Redfin’s discount broker services
Redfin offers:
- Competitive Pricing: You pay a listing fee of 1% if you decide to sell and buy with Redfin.
- Updated Technology: Redfin provides a mobile app, 3D walkthrough, relevant filters, etc. This makes the real estate transaction seamless.
- National Presence: Redfin covers 80+ markets in the US.
» Redfin Pros and Cons: Read about the advantages and drawbacks of Redfin services.
The disadvantages of using Redfin are:
- Pricing Inaccuracy: Many sellers have complained about certain factors like, lot area, a gated compound, or a city location not getting considered during valuation.
- Long Time for Listing: As per Redfin’s agreement, it takes almost 15-18 days to verify the seller’s property and list their house.
- Lack of Customer Service: There has been negative feedback about lack of personal attention by Redfin salaried agents.
Redfin has an average rating of 3.4 out of 5 stars on Yelp and average 3.7 out of 5 stars on Google.
» Redfin Reviews: The reality of 1% fees, pros, cons, and alternatives!
Redfin, founded in Seattle in 2002 by Mr. David Eraker, covers 80+ markets in the US.
It provides an elaborate listing agreement with a marketing plan for your home. However, this agreement specifies a long 18-day timeframe for listing your property on the MLS. Additionally, some customers have expressed concerns about the non-availability and unprofessionalism of their agents.
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?
Ideal Agent is an agent matching service that bridges sellers and buyers with licensed real estate agents in their locality. They offer a dedicated concierge but have weak technology.
Customers who have worked with them prior have complained about hidden charges as well.
Discount Real Estate Brokers Portland: How Much Will You Save?💲
Portland 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 $31,800 to sell an average $530,000 house in the The City of Roses. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $3,079 and save $28,721!
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.
How to Find Discount Real Estate Brokers Near Me in Portland?
Here’s a list of the best discount Realtors in the most popular cities of the The City of Roses:
| 1. Eugene, OR | Discount Real Estate Brokers in Eugene, OR |
Discount Realtors in Portland: Pros and Cons
Even though cheap Realtors in Portland 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 Portland than a 6% Realtor. Even if you only want to list your Oregon 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 Portland 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 Portland 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 Portland.
- Unreliable Service Quality: Discounted real estate brokers in Portland 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 Portland 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 Portland
Here are some options if you do not want to opt for a discount Realtor in Portland:
- 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 Oregon will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Portland scour the MLS for Portland 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 Portland. You’ll end up paying a full 5% to 6% commission. That’s $31,800 on a $530,000 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Portland?
Houzeo.com and By Owner Oregon are the top discount real estate brokers in Portland. Both provide an incredible combination of savings and technology. However, By Owner Oregon has only 12 reviews 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 Portland?
On average, traditional agents in Portland charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Portland charge 1% to 3%.
How do I find a discount broker near me in Portland?
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 Portland?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
