Table of Contents

America’s 10 Best Low Commission Real Estate Agents (2024 Rankings)

Low Commission Real Estate Agents Featured Image

✏️ 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.

A traditional Realtor charges 5% – 6% commission to sell your home. At that price, you’ll pay $25,000 in commissions alone if you’re selling your home.

Low-commission agents are a budget-friendly option. They charge lesser than the 6% commission, typically, 1% to 2%. If you want to save half of the commission, you should list on MLS by owner.

We’ve reviewed and ranked the top 10 best low commission real estate agents in 2024.

Rankings: Best Low Commission Real Estate Agents

Low Commission Agent/CompanyFeeMax Savings100% Online5-Star ReviewsBroad CoverageMobile App
1. Houzeo$329
Flat Fee
2. Redfin1.5%
Commission
3. ListingSpark0.5%
Commission
4. SimpleShowing1%
Commission
5. Ideal Agent2%
Commission
6. Trelora1.5%
Commission
7. HomeLight2.5%
Commission
8. Homie$3,500
Flat Fee
9. Houwzer1% Commission
10. Prevu1.5%
Commission

* Houzeo is not a real estate agent. It is an advanced real estate tech platform that collaborates with brokers to sell properties.

Detailed Reviews: America’s 10 Best Low Commission Real Estate Agents & Companies

1. Houzeo

Company Logo
4.9/5
(5,112 reviews)
Queen's Take

Houzeo.com is America’s #1 ranked Flat Fee service. Houzeo provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.

Houzeo is America’s top-ranked Flat Fee MLS service. With them, you will pay the lowest commission to list your home. They offer maximum savings, 5-star customer support, and cutting-edge technology. Houzeo offers 4 packages.

  • Bronze Package – $349: This package offers Houzeo listing for 3 months with maximum photos.
  • Silver Package – $199+: This package offers Houzeo listing for 6 months with maximum photos.
  • Gold Package – $299+: It is Houzeo’s signature MLS package and includes all the technology Houzeo is known for Houzeo Showings, Houzeo Offers, and DigiTransact.
  • Platinum Package – $179+: It includes the assistance of a licensed broker to help you with negotiations, disclosures, and closing.

👑 The Queen’s Take: If you are looking for a way to save money on commission. Houzeo is a good option because they provide Flat Fee MLS, which has the lowest commission possible.

» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities in less than 60 mins.

Here are some advantages of Houzeo.

  • Nationwide Coverage: Houzeo covers 47 states and DC.
  • Max Savings: With Houzeo, you save at least 3% on listing agent commission. You can sell your properties without incurring traditional real estate agent fees, saving money.
  • Advanced Tech: Houzeo provides cutting-edge technology for a seamless journey. It has an intuitive seller’s dashboard, and a free mobile app.
  • Maximum Exposure: Your home is syndicated to 100+ real estate websites like Zillow and Trulia.

» Houzeo Customer Reviews: Houzeo has a 5-star rating on Google Reviews and Trustpilot.

In our research, we discovered that customers have consistently provided positive feedback about their experience with Houzeo.

» Is Houzeo Good? 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: Over 5,000 home sellers have rated Houzeo as “Excellent.”

2. Redfin

Company Logo
3.4/5
(100+ reviews)
Queen's Take

Redfin is primarily known for its advanced tech platform and mobile app. It covers 80+ markets in the US.

Redfin is America’s #1 discount real estate brokerage. They offer a 1% listing fee when you buy and sell. If you only sell they charge a 1.5% commission.

  • Redfin Full-Service Agent: This includes premium placement on Redfin, professional photos, and a 3D walkthrough.
  • Redfin Premier Agent: This package is exclusively for luxury properties and includes coordinated e-mail campaigns, luxe mailers, and brochures.

👑 The Queen’s Take: Redfin gives your property exposure and provides other services. But you can only enjoy these benefits if you use Redfin to buy and sell.

» Redfin Reviews: The reality of 1% fees, pros, cons, & alternatives.

Here are some advantages of choosing Redfin:

  • Nationwide Coverage: Redfin covers 80+ markets in the US.
  • Advanced Technology: They have a user-friendly website and provide a mobile app.
  • Full-Service Agents at Low Commission: Redfin’s full-service package is priced at 1.5%. It saves you thousands compared to the traditional 3% listing commission.
  • Detailed Marketing Plan: Redfin provides the necessary paperwork and a marketing plan.
  • Buyer Rebate: If you sell with Redfin for 1.5% commission, you get 0.5% rebate for buying another home within 365 days.

In our research, we found some disadvantages of Redfin.

  • No Dedicated Service: Customers have often complained that Redfin agents are not able to give personalized service.
  • Mixed 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.
  • Limited Agent Selection: Based on customer reviews, Redfin has a limited selection of agents. This results in giving you fewer options to choose an agent.

Redfin has an average rating of 3.4 out of 5 stars from 100+ reviews on Yelp.

» Reviews of Redfin: Read our blog to know more about them.

3. ListingSpark

Company Logo
4.6/5
(150+ reviews)
Queen's Take

ListingSpark is a real estate brokerage firm and a For Sale By Owner platform. Funded by Aaron Jistel, the company also provides title and closing services under its title company, SparkTitle.

ListingSpark is a real estate brokerage and a For Sale By Owner platform. They provide 2 plans.

  • Spark Plan – $1,499: This plan includes MLS Listing, professional HD photography, a “for sale” sign, a Supra® digital lockbox, and required forms and disclosures. Your listing gets syndicated to all major real estate websites.
  • Premium Plan – $2,999: It includes all the services of the Spark Plan plus premium photography service, open house signage, E-flyer blast, and pricing assistance & review.

👉 Our Take: Listing Spark packages are not cheaper but other companies include these services in their standard packages.

» How Does Listing Spark Work? Read this review to learn more about them.

Here are some advantages of ListingSpark that you should consider before choosing them.

  • Agent on Demand: You can hire one of their agents for $975. The agent will help you with negotiations, pricing reviews, and contract compliance.
  • Title Features: Spark Title, a service offered by ListingSpark, provides title insurance and escrow services.
  • Property Search Feature: Home buyers can search for properties based on price range, and type, along with other filters.

In our research, we found some disadvantages of ListingSpark.

  • Limited Coverage: ListingSpark exclusively operates in Texas, serving 9 cities.
  • No Pricing Assistance: Pricing your home is one of the most challenging aspects of an FSBO sale, and the basic plan does not include coverage for it.

ListingSpark has a rating of 4.6 out of 5 stars from 150+ reviews on Google.

» Listing Spark Reviews: Should you use it for your FSBO sale? Read out to know more.

4. SimpleShowing

Company Logo
4.9/5
(100+ reviews)
Queen's Take

They use technology, such as their mobile app, to make the traditional home-selling process easier. However, with their limited coverage and agents, they might not cover all your needs.

SimpleShowing is a real estate brokerage. It is a tech-powered brokerage with affordable low-cost, hassle-free services to home buyers and sellers.

  • 1% Commission: It includes home valuation, professional photography, syndicating listings, negotiations, and paperwork.

👑 The Queen’s TakeSimpleShowing is not a full-service real estate brokerage. If you choose to list with them you have to pay a minimum commission of $5,000 regardless of your home’s valuation.

» SimpleShowing Reviews: Read customer reviews of SimpleShowing.

Here are some advantages of SimpleShowing.

  • Free Property Reports: These reports provide information about the property’s value, recent sales of similar properties, and neighborhood demographics.
  • User-Friendly Website: Their website is easy to navigate. The process of listing or buying a home is streamlined.
  • Mobile App: You can schedule showings on their mobile app.
  • Buyer Refund: SimpleShowing offers buyers up to a 1% refund of the final price.
  • On-Demand Private Tours: This helps buyers to see homes whenever they want without a real estate agent.

In our research, we found some drawbacks of SimpleShowing.

  • Minimum Commission: You pay $5,000 as a closing fee regardless of your home’s valuation.
  • Limited Coverage: They only serve in 3 states – Florida, Texas, and Georgia.
  • No Personalized Support: Due to high customer volume their agents might not give personalized service.

SimpleShowing has 4.9 out of 5 stars from 100+ reviews on Zillow and Google.

 

5. Ideal Agent

Company Logo
4.9/5
(5,000+ reviews)
Queen's Take

Ideal Agent is an agent matching service that bridges sellers and buyers with licensed real estate agents in their locality.

Ideal Agent is an agent matching service. They work with a large network of brokers for a 2% commission.

  • Full Service – 2% Commission: The package includes professional photos, negotiation, and closing assistance.

👑 The Queen’s TakeIdeal Agent’s referral fee is higher than the other agent matching services. If you choose them, you will pay a 25% referral fee to the broker, which will be deducted from your agent commission at closing.

» Ideal Agent Reviews: Read reviews of Ideal Agent to make an informed decision.

Here are some advantages of Ideal Agent:

  • Pre-Negotiated Commission: Ideal Agent negotiates the commission with their agents in advance. This enables you to concentrate on the other aspects of the transaction.
  • Agent Matching: They help you match with the top 1% of local agents in your area.
  • Dedicated Concierge: Their agents actively guide you through every step of the transaction. While providing assistance with marketing, negotiation, and closing.

Ideal Agent has some disadvantages we came across in our research.

  • Additional Referral Fees: They charge agents 25% of their commission after a successful sale, which will be deducted from your commission at closing.
  • One Agent Only: Ideal Agent offers the service of matching agents. However, you are only matched with one agent at a time.
  • Only Agent Matching Service: They are not a listing website. You will only be matched with a local agent.

Ideal Agent has a rating of 4.9 out of 5 stars from 5,000+ reviews on TrustPilot.

» Ideal Agent Reviews: Is Ideal Agent worth it?

6. Trelora

Company Logo
4.9/5
(400+ reviews)
Queen's Take

Trelora is a full-service realty that offers services at discounted rates to home sellers. It unites home sellers, agents, and buyers on a single real estate platform.

Trelora is a full-service realty that offers services at discounted rates to home sellers. It unites home sellers, agents, and buyers on a single real estate platform.

Trelora offers 2 listing packages for sellers:

  • Trelora EasySell – $2,500: This package is available only through Trelora’s mobile app where sellers can get virtual full service for a flat fee.
  • In-Person Full Service – 1% Commission: This package offers in-person full service for a commission of 1% of the sale price at closing.

👉 Our Take: Trelora charges a 1% commission to sellers at closing. Bear in mind that you basically pay this hefty amount to get an agent’s support throughout the selling process.

Here are some advantages of Trelora you should consider before choosing them.

  • Good Add-On Features: Trelora provides additional services such as listing consultations, professional photography, and help with negotiations.
  • Good Technology: Their software claims to make the process digital and straightforward. But it lacks detailed information about their tech stack.

» What is Trelora? Read to learn more about them.

Trelora has drawbacks you should know about before you venture with them.

  • Multiple Agents Assistance: To reduce operating expenses, Trelora agents manage multiple clients, which can result in miscommunication due to different low-cost agents assisting you at various stages of the sale.
  • Poor Customer Support: Previous customers have criticized their low-quality customer service.

Trelora has an average rating of 4.9 out of 5 stars from 400+ reviews on Zillow.

» Trelora Reviews: Read the in-depth reviews on Trelora and choose accordingly.

7. HomeLight

Company Logo
4.45/5
(233 reviews)
Queen's Take

HomeLight is a real estate website that puts home sellers, agents, and buyers under the same roof.

HomeLight is an agent matching service, free for home sellers. They offer both full and limited service plans.

  • Free Agent Matching: Your real estate commission varies depending on the agent you are assigned. In some cases, the traditional 5%-6% commission may still apply.

» HomeLight Reviews: Check out the customer reviews for HomeLight on Sitejabber.

HomeLight has a network of the best real estate agents, and brokers. They help to create tailored guides and resources in the process of selling a house.

  • Good Agent Coverage: They have a good number of agents as per their coverage area.
  • Estimators and Calculators: HomeLight offers home value estimator, best time to sell calculator, agent commissions calculator, and net proceeds calculator.

In our research, we came across a few red flags of HomeLight.

  • Inconsistent Agent Quality: The agents you are matched with may not work at your convenience. Even the listing speed will be based on the agent selected.

HomeLight offers decent agent-matching services. However, you may be matched with a listing agent who charges 3% commission, meaning zero savings for you. Their agents handle multiple clients at a time time. This could lead to miscommunication and lack of personalised services.

8. Homie

Company Logo
4.3/5
(795 reviews)
Queen's Take

Homie’s $3,500 package allows sellers to list and sell their homes. Whereas, home buyers can earn a cash rebate, an all-cash offer, and more.

Homie offers one flat rate package for home sellers and a few services to home buyers.

  • List at $3,500: You get agent representation, local MLS listing, exposure on popular real estate websites, contract negotiation, etc.
  • Buyer Rebate Program: Use Homie Title, Homie Loans, or Homie Insurance to earn a buyer rebate at the time of closing.
  • Homie Cash™: Make an all-cash offer with this feature and increase the chances of getting offers. You can close the deal in 10 days with Homie Cash™. But it comes with a 1% program fee.

» Homie ReviewsCheck out our reviews for Homie.

Homie offers flat rate services to home sellers and rebates to buyers.

  • Agent Support: Homie provides agent representation services to home sellers. However, they do not provide in-person support and visits. Only an experienced seller can benefit from this.
  • Homie-to-Homie: Depending on the state, the seller can eliminate the buyer agent commission if they sell to a Homie buyer.

During our research, we found some drawbacks in the services of Homie.

  • Below-par Agent Service: Many customers revealed that their experience with Homie’s agents was sub-par. Customers have accused numerous Homie agents of miscommunication, lack of knowledge, and lack of experience.
  • No Checks and Balances: Homie has many real estate agents, but fails to offer consistent results. While many customers had successful transactions, quite a few of them had a bad experience as well.

We recommend Homie to experienced sellers and buyers. However, their services cater to home buyers more than sellers.

9. Houwzer

Company Logo
4.1/5
(40+ reviews)
Queen's Take

Houwzer was launched in Philadelphia, PA in 2014. It is a discount real estate brokerage company that uses salaried agents.

Houwzer was launched in Philadelphia, PA in 2014. It is a discount real estate brokerage company that uses salaried agents.

  • Full Service – 1% Commission: This includes 25 professional photos, a virtual tour, listing on MLS, and geo-targeted mailers.

👑 The Queen’s TakeHouwzer’s additional services like mortgage and title prices are not disclosed. You need to contact their representatives. However, sharing your information becomes necessary to assess their services effectively.

» Houwzer Reviews: Read this blog to know more about Houwzer.

Here are some advantages of choosing Houwzer:

  • Commission Saving: Houwzer provides you with an affordable way to sell a home by charging a 1% listing commission instead of 3%.
  • Dashboard: They have a user-friendly dashboard that allows you to chat with your agent and track listing progress.
  • Buyer Rebate: If you avail of their mortgage and title services, you will be eligible for a buyer rebate.

In our research, we found some major drawbacks of Houwzer.

  • No Personalized Support: Due to high customer volume their agents might not give personal attention to every customer.
  • Limited Coverage: They serve only in 5 states – Florida, Maryland, South Jersey, Pennsylvania, and Washington, DC.
  • Lack of Transparency: Houwzer has not disclosed the prices of its other services.

Houwzer has an average rating of 4.1 out of 5 stars from 40+ reviews on Yelp.

» Houwzer Reviews: Read this review before making your decision.

10. Prevu

Company Logo
5/5
(456 reviews)
Queen's Take

Prevu is a full-service real estate brokerage based in New York. They offer their services for a 1.5% commission.

Prevu offers a single package with all the start to end services you require during your sale.

  • Full Service – 1.5% Commission: Prevu charges a low commission rate of 1.5% of the sale price for listing. It includes various features like home valuation, 3D virtual tours, open houses, professional photographs, listing on MLS, and social ad campaigns.

» Prevu ReviewsFind out what customers have to say about Prevu.

Prevu is a full-service low commission brokerage based in New York.

  • Mortgage & Closing Costs Calculator: You can get an estimate of your mortgage and closing costs by using Prevu’s Calculator. The closing cost feature is only for NYC sellers.
  • Buyer Rebate: Buyers who purchase a house with Prevu get two-thirds of the commission that Prevu receives from the seller.
  • Smart Buyer Platform: Prevu’s technology allows buyers to search for homes, communicate with their agents online, schedule showings, and make an offer.

Here are some red flags of Prevu you should know about.

  • Inconsistent Agent Quality: Prevu has limited number of agents and an inconsistent agent matching algorithm. This may compromise the quality of customer service you receive.
  • Variable Listing Fee: The listing fee varies as per your location. Make sure you check the listing fees in your preferred location.

Though Prevu’s listing price is lesser than traditional realtor commission, it is still higher than other low commission real estate companies. Prevu agents take on a large volume of clients to compensate for the low commission. This may result in a lack of personalised service.

What Are Low Commission Real Estate Agents or Companies?

Low commission realtors are companies or agents that offer services similar to traditional agents at discounted rates. These discounted rates usually range from 1% to 2% as compared to the traditional charges of 2.5% to 3%. You will also have to pay the traditional commission fees of 2.5% – 3% to your buyer’s agent.

Your average savings are based on the type of low commission realtor or company you select. Potential savings can range from 1% to 1.5%, helping you save thousands!

» Discount Realtors Near Me: Discover discount realtors near you and start saving today!

Types of Low Commission Real Estate Agents and Companies?

Based on the level of services they provide, there are various real estate agents and companies:

  1. Flat Fee Real Estate Brokers: Flat fee Realtors charge a flat fee instead of a fixed percentage to list your home. They provide services such as listing across high-traffic websites, professional photography, flyers, and scheduling home tours.
  2. Virtual Full-Service Agents: They offer 100% online services. These include property search, preparing contracts, negotiating offers, home tours, etc. at no additional cost.
  3. Discount Real Estate Brokers: They offer services at commission rates lower than traditional agents. They charge 1% – 2% commission or a pre-defined flat fee.
    🤔 What is the Average Realtor’s Commission?

    The average commission for realtors is roughly 5% – 6% of the final sales price. The ideal commission for the seller’s agent typically ranges between 2.5% – 3%. Similarly, the buyer’s agent will also charge 2.5% – 3%.

How To Choose a Low Commission Real Estate Agent/Company?

It is necessary to choose the right low-commission real estate agents for a hassle-free house-selling journey. Following are some tips for you to make a wise and quick decision to choose the best low-commission realtor:

  • Research and Compare: You should look for real estate agents or companies that offer low commission rates. Compare their rates and services to find the best value for your money.
  • Negotiate: Don’t be afraid to negotiate with the agent or company to reduce the commission. Some may be willing to lower their rates depending on the market conditions or the specifics of your transaction.
  • Consider Package Deals: Some real estate companies offer discounted commission rates if you use their services for both buying and selling a property. Explore these package deals to maximize your savings.
  • Advanced Technology: Choose real estate companies offering innovative technology, online paperwork and mobile apps.
  • Online Reviews: Check customer reviews online to get insight into the type of services you can expect to receive.

Key Takeaways

  • Low commission real estate agents or companies offer cost-effective alternatives to traditional real estate agents.
  • Low commission realtors typically charge 0.5% to 2.5% commission instead of 3% commission.
  • Despite lowest realtor fees, they provide you with professional services, including property valuation, marketing, and negotiation.
  • You can potentially maximize your savings by reducing their commission expenses.
  • While low commission agents can be a cost-effective option, you should also consider other aspects such as the local market conditions and the property’s unique selling points.

How Much Can You Save With a Low Commission Agent/Company?

Traditional real estate agents may charge high commission fees while selling your house. This reduces your profits. However, real estate agents with the lowest real estate commission provide the same quality services while helping you save more.

For example, if you are selling a house for $400,000, your savings with a low cost real estate agent/company will be as follows:

Traditional Agent
(2.5% commission)
Discount
(1% commission)
Discount
(1.5% commission)
Discount
(2% commission)
Seller's Agent$10,000$4,000$6,000$8,000
Buyer's Agent$10,000$10,000$10,000$10,000
Total$20,000$14,000$16,000$18,000
Savings❌ $0✅ $6,000✅ $4,000✅ $2,000

Pros and Cons of Low Commission Real Estate Agents & Companies

To decide whether real estate agents with low commission are suitable for selling your home, consider the following pros and cons:

Pros of Using a Low Commission Realtor

  1. Savings: Low fee Realtors can help you save on commission fees while streamlining the entire sales process.
  2. Technology: Many low commission realtors use technology and online platforms to make the selling process easier. Platforms like Houzeo and Redfin offer technologically advanced features like online showings, marketing services, virtual home tours, etc. at no added costs.
  3. Do It Yourself: You have control over your listing, showings, and open houses. You can communicate and negotiate directly with the buyer’s agent.

Cons of Using a Low Commission Realtor

  1. Selling for Less Money: You may sell your house for less than what you could have with a full-service Realtor.
  2. Poor Selling Experience: A discount Realtor will handle multiple clients to compensate for the reduced commission fees. This results in a lack of personalised services and post-sale assistance.
  3. Dual Agency: Realtors who represent both buyers and sellers are known as ‘dual agents’. The incentive to double-end a deal increases when the agents offer low commission services.

Alternatives to Low Commission Real Estate Agents & Companies

Here are some other options other for you to explore before choosing lost cost realtors:

  • For Sale By Owner (FSBO): It basically means you sell your house by yourself, completely eliminating listing agent fees. Sellers with the necessary time and resources can list their house FSBO.
  • We Buy Houses For Cash Companies: Companies that buy houses for cash offer upfront payments within 24-48 hours. However, they typically pay 10% – 30% less than the expected home sale price.
  • iBuyers: iBuyers like Opendoor and Offerpad provide full cash offers and technologically advanced platforms. This is a good option if you want to sell your house fast for cash.
  • Traditional Real Estate Agents: They offer end-to-end support from listing to closing. These agents offer a wide range of services at 3% or higher commission rates.

    » Best FSBO Websites: Read our blog to find out the best FSBO websites in the US.

Low Commission Real Estate Agents Near Me

Final Word

Finding the right balance between price and quality is essential while exploring the real estate market. If you are looking for cost-effective services then working with low-commission real estate agents is the best option.

They offer full-service brokerage at a slightly lower rate (around 2-2.5%). In the end, it depends on your specifics and the plans you select.

Houzeo provides you with flexibility and unique features that no other low-fee Realtor or company offers. It is entirely online and digitised, which streamlines the home selling process. Additionally, Houzeo is widely regarded as the best flat fee MLS platform and FSBO provider in the United States.

» Want to know more? Check out these stellar Houzeo reviews to learn why it is one of the best For Sale By Owner websites.

Frequently Asked Questions (FAQs)

1. What changes have the low commission real estate companies brought in the US real estate market?

Following are the changes brought by low commission real estate companies brought in the US real estate market:
1. More control over home sale
2. Affordable packages
3. Expedited home sale process

2. How do I find low commission real estate agents near me?

To find low commission real estate agents near you, search online for real estate agents in your area and compare their commission rates to find low-cost options.

3. Which low commission real estate agent is the best?

There are multiple factors that need to be considered when you want to find the best low commission real estate brokerage. Real estate brokerages like Houzeo, Redfin, and ListingSpark top our charts based on different features. However, the list may vary based on your requirements.

4. How to get low commission rates?

You can either negotiate with a realtor or opt for a real estate agent/ brokerages with lowest fees.

5. How low commission real estate agents make money?

Low commission real estate agents make money by charging a reduced commission percentage on the final sale price of a property. This means they earn less per transaction but aim to make up for it by handling a higher volume of sales or offering additional services for an additional fee.

Related: low percentage realtors, discount realtors near me, top realtor near me, best real estate agent near me, lowest real estate commission, best low commission broker, low cost real estate broker, real estate agents low commission, low fee real estate brokerage firms, minimum real estate commission, flat fee listing agent, discount real estate agents, low cost real estate brokerage, low fee realtors, lowest realtor fees, discount real estate fees, cheap realtor, commission fees.

Get started

If you want to get a free consultation without any obligations, fill in the form below and we'll get in touch with you.