While flat-fee brokers are definitely cheaper, it's important to try to compare apples to apples. With a la carte services, there may be more potential for savings as you may be able to save in areas where you have expertise - whether that’s marketing, showings, or otherwise. Regardless, you’ll still be responsible for buyer’s agent commission, which is around 3%. However, with a flat-fee agent, you could expect a flat rate for the same service, sometimes as low as $3,000. You may be able to find a full service flat-feeīroker who will sell your home for much less, especially if your home is of high value.įor example, on a $300,000 home, you could expect to pay $9,000 in commissions to a traditional listing agent (3% of the sale). Traditional agents charge an average of 3% on the sale of your home. Pros of Flat-Fee Brokersĭepending on the value of your home and the services provided, you’re likely to save a lot of money by opting for a flat-fee broker. Some flat-fee agents or brokers offer full service, others offer a la carte options which may include individual pricing for staging, listing and marketing, showings, and the actual sale. While traditional real estate agents are paid a percentage of the final sale price as their commission, flat-fee real estate brokers charge a single rate for services - or flat rate - no matter the home’s selling price. Here’s more about flat-fee agents and some other options available in the state. “Reach to get the best of both worlds - a full-service agent local to California at a flat rate with no hidden fees. Taking a look at the exact offerings of each agent can help you decide which option best suits your needs. Flat-fee agents charge the same flat rate to home sellers no matter the value of the home, while traditional agents are paid commissions as a percentage of the home’s selling price. Flat-fee real estate brokers in California have recently become much more common.
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