BREAKING NEWS: Post the NAR Settlement, Raleigh discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $26,400 in commission on an average $440,000 Raleigh home.
Whether you’re selling a house in Renaissance Park or Magnolia Hill, the best discount real estate brokers in Raleigh 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 $26K on an average Raleigh home.
Rankings: Top 5 Raleigh Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the City of Oaks based on how much you can save on an average $440,000 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ✅ | ✅ | ✅ |
| 2. | Flat Fee Realty | $139 (Varies) | ❌ | ❌ | ❌ |
| 3. | Smart Choice Realty | $1,000 or 1% Commission | ❌ | ❌ | ❌ |
| 4. | Ideal Agent | 2% Commission | ❌ | ❌ | ❌ |
| 5. | Trelora | 1% Commission | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Raleigh
There are two types of Raleigh 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 North Carolina 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 Raleigh
1. Houzeo
#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 Raleigh’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.
3. Flat Fee Realty
Affordable MLS Listing
Listing Fee: Starts from $1993.2/5
Flat Fee Realty provides a single MLS package, with prices varying based on the state.
- Package: In most states, the price starts at $199 + 0.25% listing broker fee at closing. The package includes a 6-month listing term with six photos. By paying an extra $50, you can add up to 25 photos.
👉 Our Take: Flat Fee Realty is affordable. However, the extra costs for upgrades and limited features may not fit all sellers’ needs. It can be a good option for land and lot owners.
Based on our research, the benefits of Flat Fee Realty are:
- Refund Policy: You can request a refund within 30 days of purchase, as long as your property has not been listed on the MLS.
- Affordable Plan: Their flat fee package is budget-friendly compared to competitors. It is a good option for land and lot owners.
- Disclosures: State-specific disclosures are included with every listing.
- Market Exposure: Your home gets listed on the local MLS and displayed on all major real estate websites like Realtor.com, Zillow, Trulia, etc.
In our research, we found some red flags of Flat Fee Realty, that could make your experience less satisfactory.
- Limited Reviews: Even though Flat Fee Realty has been here since 2006, it has no credible reviews.
- Fixed Package: No customization is offered beyond the basic listing package.
- Not 100% Online: It is not fully online, causing potential delays in listing.
- Additional Fees: You need to pay an additional $50 to upgrade your listing with extra photos.
In our research, we have not found any credible reviews for Flat Fee Realty.
Fred Romano owns Flat Fee Realty LLC. The company is a licensed brokerage in Connecticut. In the remaining states, they partner with licensed brokers to list your property on the MLS.
Flat Fee Realty charges 0.10 – 0.25% commission at closing. Even though they claim the buyer agent pays this, the entire commission comes out of the seller’s proceeds.
2. Smart Choice Realty
FULL SERVICE REALTY
Listing Fee: Starts at $2,0004.9/5
Smart Choice Realty is a discount realtor based in Raleigh, North Carolina. They offer two packages:
- Flat Fee ($2,000): If you buy and sell a house through Smart Choice Realty, the company lists your house for a Flat Fee of $2,000. It includes home valuation, up to 100 professional photographs, closing assistance, etc.
- Flat Fee ($4,500): If you only sell your house, you must pay a Flat Fee of $4,500. The package includes everything from a $2000 Flat Fee plan.
👉 Our Take: Smart Choice Realty offers home valuation, closing details, a free listing consultation, etc. However, if you buy another home through the company, the fee is $2,000. Otherwise, selling costs $4,500; both are more expensive than many Flat Fee MLS companies.
Based on our research, the benefits of Smart Choice Realty are:
- Home Valuation and Property Analysis: The company analyze your property condition and recommends repairs and improvements.
- Market Exposure: Along with the MLS, your home will be displayed on real estate websites like Zillow, Trulia, Realtor.com, etc.
- Excellent Customer Service: Home sellers and buyers have praised Smart Choice Realty’s 5-star customer service.
Here are some limitations we found with Smart Choice Realty:
- Limited Service Coverage: The company only offer full-service agent services in Raleigh.
- High Price: If you only sell with Smart Choice Realty, you pay a much higher price of $4,500.
Smart Choice Realty has an average rating of 4.9 out of 5 stars on Google.
Samara Presley established Smart Choice Realty in 2008. They are a good option if you wish to buy and sell at the same time.
Smart Choice Realty analyzes your property, suggests repairs, and helps you sell your home at the best price. However, they only offer services in Raleigh.
Reviews: 2 Best Fixed Percent Discount Brokers in Raleigh
4. 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.
Ideal Agent lacks a modern technology system. Customers who have used their services have complained about hidden charges.
5. Trelora
FULL-SERVICE REALTY
Listing Fee: 1% of sale price at closing4.3/5
130+ Reviews
Trelora is a full-service realty. It simplifies home ownership and makes real estate transactions transparent and fair.
- 1% of the Sale Price at Closing: Trelora lists and advertises your home on multiple marketplaces at just 1% of the sale price, which is typically a minimum of $3,000.
- 1% Buyer Broker Commission: Trelora offers just 1% buyer broker commission, with an option to cancel anytime until you go under contract.
👉 Our Take: Trelora is a good choice for sellers who prioritize savings and simplicity, but those who need hands-on agent attention may want to consider alternatives.
Here’s what makes Trelora a suitable option for your real estate transaction:
- Market Exposure: Along with the local MLS, your listing will also be advertised on sites like Realtor.com, Zillow, Trulia, etc.
- No Hidden Fees: Trelora doesn’t charge any hidden fees. The cost of all their services is included in the 1% of the sale price.
- Professional Photographers: Trelora’s listing package includes professional photography of your house to highlight its features.
There are some disadvantages of Trelora that you should consider, including:
- Lack of Personalized Support: Trelora might be less suitable if your situation is complicated and requires more personalized support.
- Limited Coverage: Trelora is available only in Arizona, California, Colorado, Georgia, Illinois, North Carolina, South Carolina, and Washington.
- Weak Customer Support: Customers have experienced a lack of clear communication while working with Trelora agents.
Trelora has an average rating of 4.3 out of 5 on Yelp.
» Trelora Reviews: Check out the customer reviews that can help you know more about Trelora.
Joshua Hunt established Trelora in 2011. It is headquartered in Denver, Colorado. Trelora was acquired by Houwzer, a prominent real estate firm, in December 2022.
Trelora does not assign a dedicated agent to home sellers. They connect with a different agent at every step of the process. This may lead to delays, mistakes, and miscommunication.
Discount Real Estate Brokers Raleigh: How Much Will You Save?💲
Raleigh 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 $26,400 to sell an average $440,000 house in the City of Oaks. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $2,629 and save $23,771!
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 Raleigh: Pros and Cons
Even though cheap Realtors in Raleigh 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 Raleigh than a 6% Realtor. Even if you only want to list your home on North Carolina MLS, you pay a much lower fee than the typical 3% listing agent fee.
- Receive Full-Service Realtor Services: Discount real estate agents in Raleigh 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 Raleigh 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 NC.
- Unreliable Service Quality: Discounted real estate brokers in Raleigh 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 NC 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 Raleigh
Here are some options if you do not want to opt for a discount Realtor in Raleigh:
- 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 North Carolina will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in North Carolina scour the MLS for Raleigh 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 Raleigh. You’ll end up paying a full 5% to 6% commission. That’s $26,400 on a $440,000 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Raleigh?
Houzeo.com and Flat Fee Realty are the top discount real estate brokers in Raleigh. Both provide an incredible combination of savings and technology. However, Flat Fee Realty charges an extra commission out of the seller's proceeds, 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 Raleigh?
On average, traditional agents in Raleigh charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Raleigh charge 1% to 3%.
How do I find a discount broker near me in Raleigh?
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 Raleigh?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
