Are 1% Real Estate Agents Worth It?
AuthorKelsey Heath. Date:
What if you could cut your agent commission in half – or even down to 1%? On a $500,000 house, that’s handing over $25,000-$30,000 of your equity. But over the last few years, a disruptive new model has emerged – agents who offer full service for commissions as low as 1%. In the real estate industry, the concept sounds almost too good to be true, especially for the same real estate services. Yet an emerging group of real estate agents and discount real estate brokers are offering full-service real estate transaction support for a fraction of the typical cost. These real estate companies claim to provide full-service services to list properties for commissions as low as 1% of the sales price. The major players in this space include: While availability and minimums vary, each discount real estate brokerage gives sellers nationwide an option to sell their property with lower real estate commissions, but … Continued
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