✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
89% of buyers used real estate agents or brokers to buy homes. Additionally, 85% of sellers believe agents can secure a higher sale price for their homes. This highlights the value of professional help, but these services come with a steep cost.
Real estate companies charge a 5-6% commission on the sale price, which can amount to $24,000 for a $400,000 home. With such hefty fees, these companies must provide value that justifies the cost.
People rely on real estate companies for their market knowledge, negotiation skills, and ability to handle complex paperwork. Whether you’re considering a full-service brokerage or a tech-driven platform, here are our top picks in the North Star State.
Top 6 Minnesota Real Estate Companies:
-
For Home Sellers
- Houzeo: Best Technology
- Redfin: Best Full-Service Discount Brokerage
- RE/MAX: Expert Assistance
-
For Home Buyers
- Keller Williams Realty: Best for Commercial Properties
- Berkshire Hathaway HomeServices: Best For Luxury Properties
- Zillow: Best For Residential Properties
3 Best Real Estate Companies for Home Sellers in Minnesota
Here are the top 3 real estate companies in Minnesota that help sellers maximize their savings.
1. Houzeo
#1 Flat Fee MLS Service
Listing Fee: $3994.9/5
Houzeo is a high-tech platform with easy listing, fast changes, and online showings and offers.
You can choose from 4 Flat Fee MLS packages:
- Bronze Package – $399+$350 at Close: This package offers a Houzeo listing only for 6 months with 24 photos.
- Silver Package – $399+0.5% at Close: This offers maximum photo upload and provides you with seller disclosures.
- Gold Package—$429+0.5 % at Close: This is Houzeo’s signature MLS package and includes all the technology Houzeo is known for, such as Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum Package – $449+1% at Close: It includes the assistance of a licensed broker to help you with negotiations, seller disclosures, and closing.
👉 Our Take: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy! Before you list, confirm all prices on your particular state’s pricing page.
» Houzeo Reviews: Find out why 10,000+ Americans love Houzeo.
Houzeo is America’s #1 Flat Fee MLS service because of 5 reasons:
- Max Exposure: Houzeo’s listing packages get your home on Zillow, Trulia, Realtor.com, Redfin, and 100s of other real estate websites.
- 5-star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is a high-tech platform with easy listing, fast changes, online showings, and online offers. Its powerful house search app makes your home visible to potential buyers on the go.
- No Hidden Fees: All fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the traditional listing agent commission.
- Free Home Value Estimator: Now, you can get a free home value estimate within 30 seconds. It helps you set a listing price.
There are no dealbreakers with Houzeo.
» Is Houzeo Legit? Houzeo addresses all Houzeo complaints from home sellers.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
» Houzeo Reviews: Houzeo is rated “Excellent“ by 10,020+ home sellers.
Houzeo is Minnesota’s #1 real estate company. It offers maximum savings, excellent customer support, and advanced technology.
Houzeo also provides affordable listing packages to Minnesota home sellers. You can list on MLS through Houzeo and save thousands in commissions while reaching a wide buyer audience.
2. Redfin
#1 Nationwide Brokerage
1% Listing Fee3.3/5
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
Redfin is one of the largest real estate companies in the US. David Eraker, David Selinger, and Michael Dougherty founded the company in 2004. Since 2017, Redfin has been a publicly traded company.
Redfin offers great services at comparatively lower rates. It also provides an elaborate listing agreement with an 18-day timeframe for listing your property. However, some customers have expressed concerns about the agent’s professionalism.
3. RE/MAX
Good Exposure
3% - 6% Commission1/5
RE/MAX has its headquarters in Orlando, FL. The company does not disclose agent commissions on its website. However, based on reviews you may have to pay 3% to 6% as commission.
- No corporate fee is involved with RE/MAX referrals. You can choose the agents or vice versa and set the terms of your agreement.
👉 Our Take: RE/MAX is known for its reputation and credibility. It is a solid choice for home sellers due to its extensive network and experienced agents. The company offers unparalleled exposure for your property.
Here are the key features of RE/MAX:
- Global Reach: RE/MAX has over 135,000 agents, and its network is spread over 100 countries.
- Competitive Home Pricing: Agents at RE/MAX will conduct an in-depth evaluation and a CMA of your property to price your home competitively.
- Additional Service: RE/MAX Collection and RE/MAX Commercial offer specialized tools and advertising programs to luxury and commercial real estate professionals.
Here are some drawbacks of RE/MAX:
- Limited Discount Options: The company focuses on traditional full-service brokerage rather than discount or low-cost options.
- Inconsistent Service: Service quality may vary depending on the local franchise office.
RE/MAX has a poor rating of 1 out of 5 stars from 300+ users on Consumer Affairs.
RE/MAX LLC is part of RE/MAX Holdings and has more than 135,000 agents in over 100 countries. It is known for its large network and expert seller assistance.
RE/MAX has a high market share in residential and commercial real estate. Clients also have access to market data and valuation tools and a user-friendly search platform.
3 Best Real Estate Companies for Home Buyers in Minnesota
Here are the top home-buying companies in Minnesota to help you find your dream home.
1. Keller Williams Realty
Luxury and Commercial Properties
Based in Austin, TX5/5
Keller Williams is the world’s largest real estate technology franchise by agent count. It has more than 1,100 offices and 200,000 associates.
- No Service Fee: Keller Williams does not charge buyers any fee for its services.
👉Our Take: Keller Williams Realtors is the largest residential real estate firm in the US. We recommend this company if you are a first-time home buyer and need assistance in your home-buying process.
Keller William as a brand is technology-driven and has an education-based culture. Their key features are mentioned below:
- Keller Cloud: Keller Cloud helps agents to prioritize sellers’ goals, maximize lead generation, and gather insightful data to produce a truly effective go-to-market strategy for home selling.
- Professional Assistance: Keller William agents will preview homes on your behalf, and work throughout the process of finding your dream home.
- Tools and Resources: Marketing savvy tools to get your home top-tier exposure
- Advance Home Search: The technology of Keller Williams makes home search and buying an advanced experience for buyers. The management system of Keller Williams to track communication help agents to understand the buyer’s needs.
- Company Culture: The brand has a culture that is agent-centric, technology-driven, and education-based, and it recognizes and rewards its agents for their contributions.
Few dealbreakers we found about the company:
- Poor Customer Reviews: Many customer complaints regarding their services. They also have poor ratings on major review platforms.
- Agent Experience: A lot of customers also complained about poor agent experience. Since, Keller William is a franchise, the agent-to-agent experience might differ.
Keller Williams has a 5 out of 5 rating on Zillow.
Keller Williams Realty is headquartered in Austin, TX. It is one of the top real estate companies in Pennsylvania. It is an agent-centric, technology-driven, and education-based company.
Furthermore, Keller Williams has a 5-star rating. Its customers praised its agents for their exceptional responsiveness.
2. Berkshire Hathaway HomeServices
Luxury Listings
Based in Minneapolis2.9/5
Berkshire Hathaway HomeServices is a real estate brokerage franchise. BHHS makes over $136 billion annually in residential real estate transactions.
- No Service Fee: Berkshire Hathaway HomeServices does not charge home buyers any fee for its services.
👉 Our Take: Berkshire Hathaway is ideal for buyers seeking luxury homes or high-end properties. Their agents provide expert advice and detailed market insights.
The key features for Berkshire Hathaway include:
- Exclusive Listings: Buyers gain access to high-end and luxury properties that may not be available on other platforms.
- Professional Network: Access to a broad network of professionals, including mortgage brokers and home inspectors.
- Assistance in Paperwork: The agents handle all paperwork for you to buy a house.
Here are a few drawbacks of Berkshire Hathaway:
- Higher Costs: The focus on luxury properties often means higher prices, which might not suit all budgets.
- Limited Options: Fewer choices are available for buyers looking for more budget-friendly homes.
Berkshire Hathaway has a rating of 2.9 out of 5 on Best Company.
Berkshire Hathaway HomeServices is headquartered in Minneapolis, MN. It is known for dealing with high-end luxury properties. It also provides buyers with access to property features, and amenities to help them choose the best home.
Moreover, their email updates keep you informed about new homes available. However, the high-quality service may come with a higher commission fee.
3. Zillow
Largest Marketplace
Based in Washington1.2/5
Zillow is one of the most visited real estate websites. It provides an exceptional home buying and renting experience.
- Zillow Premier Agent: You can connect with an agent representing a particular property and get their commission rates on request. Typically, a buyer agent charges a 2%-3% commission on the sale price.
👉 Our Take: Zillow is a popular choice for home buyers for its vast listings and easy-to-use tools. The platform offers valuable tools like Zestimate® for estimating property values and interactive maps for exploring neighborhoods.
Here are the key features of Zillow:
- Extensive Listings: Zillow offers a wide range of property listings, including homes for sale, rentals, and foreclosures.
- Mortgage Calculator: It allows you to compare mortgage rates from various lenders. You can pre-qualify for a loan through Zillow Home Loans.
- Zestimate Tool: It provides estimated property values to help gauge market prices.
Here are some drawbacks of Zillow:
- Outdated Listings: Some property listings may not be updated in real time, leading to outdated information.
- User-Generated Content: Home details and photos heavily rely on user input, which can sometimes be inaccurate.
- Overwhelming Ads: The site has numerous ads and promotions that can be distracting.
Zillow has a rating of 1.2 out of 5 on Consumer Affairs.
» Zillow Offers Reviews: Everything you need to know about Zillow.
Zillow was founded in 2006 and is headquartered in Seattle, WA. It is one of the most popular real estate websites in America. The company extracts data from top MLS platforms, basically allowing buyers to view listings directly.
Additionally, Zillow’s user-friendly interface makes home searches convenient and extensive. It also offers a Zestimate home valuation tool, which provides estimated property values based on market data.
Best Real Estate Companies to Work for in Minnesota
When you choose a real estate company to work for in Minnesota, it’s important to consider how the commission is split. Most real estate agents get paid a commission which is then divided between the agent and the brokerage.
For example, if you sell a $300,000 home with a 6% commission split equally between buyer and seller agents, you’d get 3% or $9,000. With a 60/40 split, you’d receive $5,400 before taxes. Some brokerages now offer salaries and benefits, so it’s worth exploring various options.
Here’s a comparison of top real estate brokerages in Minnesota:
| Brokerage | Commission Split | Best For |
| Keller Williams | 70/30 | Agents seeking higher commissions and more educational resources. |
| RE/MAX | 95/5, 80/20, 70/30, 60/40 (capping system) | Agents who want customized commission splits and desk fees. |
| Century 21 | 50/50, 70/30 + 8% franchise fee (capping system) | Agents who want brokerage brand recognition. |
| Coldwell Banker | 50/50, 60/40, 70/30 (capping system) | Agents who need marketing, lead generation, and other tools. |
| Compass | 50/50 | Agents who want access to a wide range of online resources and tools. |
What to Consider When Choosing a Real Estate Brokerage to Work For?
- Franchise vs. Independent Choices: Franchises like RE/MAX and Keller Williams offer a nationwide presence and provide more support and training. Independent real estate firms offer more freedom but may have fewer resources.
- Company Reputation: Research the brokerage’s market presence and reputation. A reputable company can help with lead generation.
- Support and Resources Offered: Some brokerages provide mentorship programs and free advertising, while others offer minimal support. You can also visit company events to get a feel for the work culture.
- Scope for Specialization: Consider the brokerage’s niche and how it aligns with your interests and local opportunities in Minnesota’s real estate market.
How to Choose the Best Real Estate Company in Minnesota?
You can choose the best real estate companies based on these factors:
For Sellers:
- Strong Technology: A company’s website should have robust technology that can make selling a house more efficient. Also, look for features like virtual tours, professional photos, and user-friendly interfaces.
- Responsive Customer Service: Having good customer service can help you with smooth real estate transactions. Find a company that aligns with your preferences and also has helpful customer service.
- Maximum Exposure: Find a company that will give maximum exposure to your property. This could also include an MLS listing, social media advertisement, and customizable yard signs.
For Buyers:
- Buyer-Friendly Tools: Look for a company with useful online tools. It will help you compare houses, learn about neighborhoods, and also figure out how much your mortgage payment could be.
- Experienced Agents: Seek a company with agents who have experience with buyers. They should be able to guide you through every step, from looking at houses to finally buying one.
- Property Listings: Look for a company with access to many property listings on the MLS to help with your home search. This way, you’ll see all the listings in the area you like.
» Best Website to Find Homes for Sale: Find your dream home in America.
Are Real Estate Companies in Minnesota Worth It?
Yes! Real estate companies in Minnesota are worth it. Top companies offer advanced technology, a large network of agents, and maximum savings. This is where Houzeo stands out as a smart choice for sellers in Minnesota.
Houzeo offers a flat fee listing service that saves sellers thousands of dollars in commissions. With user-friendly tools, it is ideal for homeowners looking to sell their homes quickly.
Eager to Know How Houzeo Works?
We have got you covered. Check out how you can list your property on the MLS with Houzeo.
» Need More Clarity? Read these exclusive Houzeo reviews and learn why it is one of the best FSBO sites in America.
Frequently Asked Questions
What are the best real estate companies to sell your home with in Minnesota?
Houzeo is the best real estate company for home sellers in Minnesota. It offers sellers maximum savings, dedicated customer support and 100% online experience. Real Estate Sales Force and RE/MAX are some of the other options to sell your home.
» Best Real Estate Companies in Minnesota: Find out the top companies in Minnesota.
What are the best real estate companies for buyers in Minnesota?
The best real estate companies for home buyers in Minnesota are Keller Williams Realty, Berkshire Hathaway HomeServices, and Zillow. They offer home buyers various services and tools such as virtual showings, mortgage calculators, and more.
What is the best luxury real estate company in Minnesota?
Premier Sotheby’s International Realty is considered one of the best luxury real estate companies in Minnesota. It offers services like home staging, high-resolution photography, drone footage and virtual tours.
How can I sell my property quickly in Minnesota?
You should set a competitive price, enhance curb appeal, and highlight your home features effectively to sell your house fast in Minnesota.
