5 Best Discount Real Estate Brokers (2024)

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.

ListingSpark is a renowned flat fee discount brokerage in the US. It offers 2 listing packages:

• Spark Plan – $2,995: This includes paperwork assistance and syndicated house listing on major real estate websites. You receive a Supra digital lockbox, professional photographs, escrow services, and a “For Sale” sign.
• Premium Plan – $3,999: This includes all the features of the Spark plan. You also get pricing support, open house signage, e-flyer blasts, and agent-on-demand support.

👉 Our Take: ListingSpark offers essential services for selling your home. However, their basic package may have hidden costs, such as a $975 fee for agent support, which can increase the total expense.

ListingSpark offers certain advantages:

• Quick Listing: It takes 20 minutes to fill out the details on the ListingSpark website. The listing will go live within 24 hours after the documentation is completed.
• Add-on Features: They offer benefits like professional photographs, a lock box, a yard sign, title insurance, and escrow services.
• Free Tools: ListingSpark also offers multiple tools such as comparative market analysis, and closing cost calculator.

ListingSpark offers certain disadvantages:

• Limited Coverage: ListingSpark offers services in only 3 regions: Texas, Atlanta, and Nashville.
• Non-Refundable Fees: ListingSpark charges an upfront fee of $395 and $995 for Spark and Premium plans respectively. These fees are non-refundable upon cancellation.
• Lack of Clarity: Key details such as listing duration, photo limits, and the number of permitted changes are not readily available on the ListingSpark website.

ListingSpark has a rating of 4.6 out of 5 stars on Google.

»Listing Spark Reviews: Does Listing Spark services provide real savings? Read more to find out.

Redfin is America’s #1 discount real estate brokerage. It offers services in 100+ real estate markets across the country in 49 states.

• Redfin Full-Service Agent – 1.5% Commission: This is a full-service package. This includes pricing assistance, listing paperwork, negotiation support, etc.
• Redfin Concierge – 2.5% Commission: The “Concierge” plan includes everything from the Full-Service package. Additional services include professional cleaning and home staging.
• Redfin Premier Agent – 1.5% Commission: This package is exclusively for luxury properties and includes everything that comes with the Full-Service package.

Mobile App: Yes

👉Our Take: When you opt for Redfin, you can save a considerable amount on the commission fees. Although Redfin tries to provide its service 3x faster than the traditional method, it limits its ability to provide personalized service.

Here are some advantages of choosing Redfin:

• Advanced Technology: Redfin is primarily known for its advanced tech platform and mobile app.
• Full-Service Agents at Low Commission – 1.5%: Redfin’s full-service package is priced at 1.5%. It saves you thousands of dollars compared to the traditional 3% listing commission.
• Detailed Paperwork: Redfin provides the necessary paperwork and an elaborate listing agreement with a marketing plan.
• Nationwide Coverage: Redfin covers 80+ markets in the US.
• Easy Deal Closings: Redfin agents help with negotiations and guide you throughout your home-selling process. It will make your closing easy and faster.

In our research, we found some red flags of Redfin, that could make your experience less satisfactory.

• Lack of Personalized Services: Customers have often complained that Redfin agents are not able to give personalized service, as they serve a high volume of clients.
• Poor Customer Reviews: Customers have complained that agents are often unreachable and unprofessional.
• Slow Listing Process: According to Redfin’s listing agreement, a Redfin property takes 18 days to list on MLS. Services like Houzeo will list you on the MLS within 24 to 48 hours.
• Limited Agent Selection: As per customer reviews, Redfin lacks an array of agents. This means you get an agent assigned automatically without having any choice in the matter.
• Agents are Less Incentivized: Unlike traditional agents who work for commission, Redfin agents get a fixed salary. This can demotivate them from offering you services apart from Redfin’s defined services.

Redfin has an average rating of 3.3 out of 5 stars on Yelp.

» Redfin Reviews: The Reality of 1% Fees, Pros & Alternatives

SimpleShowing is a licensed full-service brokerage in Florida, Georgia, and Texas. They offer the following packages:

For Homesellers:

• 1% Listing Fee: This package includes full-service support, with licensed agents handling all aspects of the sale. They also provide marketing, home showings, and negotiations to finalize the sale.

For Homebuyers:

• $5,000+ Towards Closing Costs: This package includes full-service support. Licensed agents will handle all aspects of the sale, including marketing, home showings, and negotiations to finalize the sale.

👉 Our Take:  SimpleShowing is a good option if you are selling a high-end home. However, its $5,000 minimum listing commission makes it more expensive for lower-priced homes than other brokers.

Here’s what stands out about SimpleShowing:

• Market Exposure: Homes are listed on the MLS and various national websites, including Realtor.com, Zillow, Trulia, etc.
• No Upfront Costs: The listing fee is only paid at closing, deducted from the sale profit.
• Professional Guidance: Offers pre-listing consultation, ongoing support, and contract assistance throughout the selling process.
• In-House Photography: They have an in-house professional photographer to get the best photos and videos of the home for the MLS.

SimpleShowing has the following downsides:

• Minimum fees: Homes under $500,000 don’t benefit from the 1% listing fee because of a minimum commission fee requirement of $5,000.
• Limited Agents: They are a small team so you do not get to choose or change the agent in case of disputes.
• Limited Coverage: They have agents only in 8 cities: Miami, Dallas, Atlanta, Orlando, Tampa, Savannah, Fort Lauderdale, and Fort Worth.

SimpleShowing has 4.9 out of 5 stars on Google from over 110 reviews.

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.