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.
Redfin is a real estate brokerage that advertises commission discounts of up to 20-30% for home sellers, as well as rebates for buyers. The potential savings are genuine. However, as Redfin reviews illustrate, customers often sacrifice on service quality. Here’s what you should know.
One of the biggest costs of selling your home is the real estate commission, which is usually 6% of your final sale price. The good news is that today there are more ways than ever to reduce your commission, and finding a 4.5% total commission is possible.
Redefy Real Estate is a discount real estate brokerage that advertises realtor commission savings for home sellers. Most sellers pay a flat $3,500 listing fee, instead of the 2.5-3% rate that agents typically charge. However, as the Redefy reviews we’ll cover illustrate, your potential savings come with some pretty big risks.
REX Real Estate is a discount real estate brokerage that claims it can save home sellers up to 50% on realtor commission. However, REX’s assurance of savings is misleading — and its approach is EXTREMELY risky. As the REX reviews we’ll cover illustrate, most sellers will find better value with other discount services.