How Do Discount Real Estate Agents Work?
When it comes to buying or selling a home, most people want to get the best deal possible. Enter discount real estate agents —a growing trend in the real estate industry that promises to save you money while still providing valuable services. But how exactly do these agents operate, and what can you expect from them? Let’s dive in! What Are Discount Real Estate Agents? Discount real estate agents are licensed professionals who offer real estate services at a lower commission rate compared to traditional agents. Typically, while traditional agents charge around 5-6% of the sale price, discount agents may charge anywhere from 1% to 3%. This reduced fee can lead to significant savings, especially on higher-priced properties. How Do They Offer Lower Rates? Discount real estate agents use various strategies to keep their commission rates low while still providing essential services. Here are a few ways they do this: Limited Services : Many discount agents operate on a limited-service model.