BREAKING NEWS: Post the NAR Settlement, Maui discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $46,998 in commission on an average $783,300 Hawaii home.
Whether you’re selling a house in Maui or Honolulu, the best discount real estate brokers in Maui 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 46K on an average Hawaii home.
Rankings: Top 5 Maui Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the Valley Isle based on how much you can save on an average $783,300 home.
Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | 5-Star Reviews* | Broad Coverage | Mobile App |
---|---|---|---|---|---|---|---|
1. | Houzeo | $349 Flat Fee | ✅ | ✅ | ✅ | ✅ | ✅ |
2. | Hawaii Flat Fee | $250 or 2% Commission | ❌ | ❌ | ❌ | ❌ | ❌ |
2. | OahuRE | 2% Commission | ✅ | ❌ | ❌ | ❌ | ❌ |
4. | Ideal Agent | 2% Commission | ❌ | ❌ | ✅ | ✅ | ❌ |
5. | UpNest | 2.5% Commission | ❌ | ❌ | ✅ | ✅ | ❌ |
Types of Real Estate Discount Brokers in Maui
There are two types of Maui 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 Hawaii 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: 3 Best Flat Rate Discount Real Estate Companies in Maui
1. Houzeo.com: Max Savings, No Hidden Fees
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 a stellar 4.9/5 customer rating. It also provides coverage in 47 states + DC, making it one of the few services with nationwide reach.
» 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, Houzeo home sellers save $12,231.
- 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 10,100+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,100+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is Maui’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. Hawaii Flat Fee
Hawaii Flat Fee offers services to both home sellers and home buyers.
For Home Sellers
- 2% Commission: It includes 1 MLS system, 25 MLS photos, coverage in local realtors sites like Zillow, Trulia, Realtor, and more, and lockbox options.
- $250 Flat Fee: It includes 2 MLS systems, 25 MLS photos, coverage in local realtors sites like Zillow, Trulia, Realtor, and more, professional yard signs, lockbox, professional agent representation, and full support.
For Home Buyers
- Buyer Rebates: With Trelora, home buyers can get a rebate of up to 50%, when you buy a home. These will make for significant savings.
👉 Our Take: Hawaii Flat Fee is a good option for home sellers. We recommend their flat fee plan, which covers all the required services to sell your house quickly.
Here are some advantages of choosing the Hawaii Flat Fee:
- Savings Calculator: They have this unique feature called Savings Calculator which allows the home seller and buyers to compute the seller’s savings and buyer’s rebate.
- Support Page: Hawaii Flat Fee provides full guidance and support to its clients. They have a separate support page for similar queries, which includes listing agreements, purchase contract instructions, and many more.
Here are some red flags you should consider before choosing them:
- Poor Customer Feedback: Hawaii Flat Fee has no recent customer reviews. The existing reviews are also poor.
- Outdated Website: Their website is not easy to navigate and also they do not provide mobile app services.
Hawaii Flat Fee has 1 out of 5 stars (2 total reviews) on Google.
Hawaii Flat Fee is a local discount full-service discounted broker that serves all over Hawaii. However, their website is outdated, and not easy to navigate. They also have poor customer reviews.
Reviews: 3 Best Fixed Percent Discount Brokers in Maui
3. OahuRE
OahuRE.com is a Hawaii-based, full-service real estate discount broker. They offer two packages:
- Flat Fee – ($3,500): They charge a flat fee of $3,500 to list your home on the MLS, payable only after closing. This package includes market analysis, a closing cost calculator, paperwork assistance, and more.
- Full Service – (2% Commission): This is a full-service package that charges 2% of the final sale price at closing. Their services include agent assistance, professional photography, extensive marketing, etc.
👉 Our Take: We recommend the Flat Fee package as it comes with all the services you would require as a home seller. However, both packages seem a bit expensive. Other Flat Fee MLS companies offer similar services for less.
Based on our research, the benefits of OahuRE are:
- No Upfront Fee: You only pay after the sale closes, reducing financial risk during the process.
- Agent Representation: They will assign an agent that will help you through every step of the process. This helps you to stay updated and makes the sales process easier.
- Professional Photography: You get a professional shoot for your home along with photo editing for enhanced appeal.
- Additional Features: Their full-service includes a transaction management system, a showing feedback system, a customized website linked, and more.
Here are some limitations we found with OahuRE:
- Limited Coverage: Service availability is limited to Hawaii, limiting broader market reach for clients.
- Reduced Personalization: $3,500 package lacks personalized support, reducing service flexibility compared to full-service option.
OahuRE has a rating of 4.9 out of 5 from 90+ reviews on Google.
OahuRE.com is a discount commission brokerage that offers full-service packages. You can opt for a discounted commission of 2% or a flat fee of $3,500.
They offer various services such as a showing feedback system, professional photography and photo treatment, closing cost assistance, etc.
4. Ideal Agent
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 headquartered in Florida. It connects sellers and buyers with partner agents in its network.
These agents pre-negotiate their commission with Ideal Agent. This fee is higher than the other agent matching services. You will have to pay a 2% commission, from which the broker pays 25% to the company as a referral fee.
5. UpNest
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 headquartered in California. The parent company, Move, Inc. (Realtor.com) acquired Upnest in June 2022.
UpNest pairs you with local agents with a proven sales record. However, you may end up paying a high commission to the agent.
Discount Real Estate Brokers Maui: How Much Will You Save?💲
Maui 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 $46,998 to sell an average $783,300 house in the Valley Isle. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $4,366 and save $42,633!
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 Maui: Pros and Cons
Even though cheap Realtors in Maui 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 Maui than a 6% Realtor. Even if you only want to list your Hawaii 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 Maui 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 Maui 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 Maui.
- Unreliable Service Quality: Discounted real estate brokers in Maui 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 Maui 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 Maui
Here are some options if you do not want to opt for a discount Realtor in Maui:
- 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 Hawaii will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Hawaii scour the MLS for Maui 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 Maui. You’ll end up paying a full 5% to 6% commission. That’s $46,998 on a $783,300 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Maui?
Houzeo.com and Hawaii Flat Fee are the top discount real estate brokers in Maui. Both provide an incredible combination of savings and technology. However, Hawaii Flat Fee has only 2 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 Maui?
On average, traditional agents in Maui charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Maui charge 1% to 3%.
How do I find a discount broker near me in Maui?
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 Maui?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.