Today, you can find listing agents who accept 2% real estate commission rates instead of the conventional 3% rates. And several discount real estate brands offer built-in 2% listing rates, no negotiations required. Here’s what you should know.
SimpleShowing is a real estate brokerage that advertises discounted listing fees for home sellers, as well as large commission rebates for buyers. Based on SimpleShowing reviews from past customers, the potential savings seem genuine. However, the way this company creates those savings may come with tradeoffs — especially when it comes to agent selection.
Home Bay Real Estate is a discount real estate brokerage that claims it can save home sellers an average of $15,000 on realtor commission. However, Home Bay’s DIY approach is a lot riskier than advertised, and — considering the limited service its agents provide — its fees are WAY too expensive. Here’s what you should know.
Clever Real Estate is a free, nationwide service that matches you with the best, full-service agents in your area and gets you built-in commission savings — no negotiations required.
Understanding what agents do for their commission, who pays realtor fees, and how that money is distributed between the agents, is the key to answering some of the even more pressing questions— i.e., can you negotiate realtor fees, and how can you reduce real estate commission.