Discount Real Estate Brokers: How to Find a Top Realtor for Less

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By Ashley Simon Updated February 28, 2024

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Discount real estate brokers are companies or agents who sell your home for less than the average real estate agent commission rate. Most discount brokers create savings by charging a 1-2% listing fee, which is less than the average listing fee of 2.83%.

If you want to save on realtor commission and are considering hiring a discount real estate brokerage, there are a lot of options out there. But not all offer the same level of service, savings, and value.

This guide breaks down all the top discount real estate brokers: learn the costs, pros and cons, and which brands are available where (many discount real estate companies are only available in certain regions and cities).

Just looking for agents with discounted rates near you? Get proposals sent straight to your inbox from local agents charge a 1.5% listing fee. Compare agents from the discount brokerages below, plus top realtors from major brands like Compass and Century 21 who have agreed to offer lower rates.

The 5 top discount real estate brokers in the US

Company
Listing Fee
Availability
1.5%
Nationwide
Find Agents
On listwithclever.com
Great savings, but some risks
1.5%
26 states (select markets)
Good agents, but limited choice
2%
Nationwide
Best for listing fee savings
1%
AL, AR, CA, CO, FL, GA, IA, KY, LA, MS, MO, NC, PA, SC, TN, TX, UT, WA
Best for buyers in high-end markets
1.5%
CA, CO, CT, FL, MD, MA, NJ, NY, PA, TX, VA, WA

How did we rank these brokers?

Best overall

Clever Real Estate

Find Agents
On listwithclever.com
4.8
Our rating

Listing Fee

1.5%

Customer Rating

5/5 (3,180 reviews)

Editor's Take

Pros & cons

Overview

Clever Real Estate is the best option for most sellers looking for an agent. The company matches you with multiple experienced, full-service agents so you can find the right fit, and it offers a low 1.5% listing fee no matter which agent you choose.

Find top agents near you today!

Pros

  • Get matched with top-producing local agents in minutes.
  • Guaranteed 1.5% listing fee (half the usual rate).
  • Free agent matching service with no obligation to commit to any realtor.
  • Large agent network offers great selection compared to similar services.

Cons

  • No guarantee you’ll get matched with a specific agent or brokerage.
  • Add-ons like professional home staging and drone photography may cost extra.

What it is: Clever Real Estate offers a lower commission without sacrificing quality. Through its free service, you can find top-rated agents in your area and sell for just a 1.5% listing fee (much lower than the average realtor commission rate).

How it works: You take a short online quiz (five questions) to help Clever understand your situation and preferences. Then Clever matches you with vetted, top-performing agents in your market who are a good fit, including realtors from major brands like Compass, Century 21, and Coldwell Banker. If you don’t like the agents Clever recommends, you can request more matches until you find the right fit — or simply walk away.

Customer reviews: 5/5 (3,180 total reviews)

Locations: Clever is available nationwide.

Great savings, but some risks

Redfin

Learn More
On listwithclever.com
4.5
Our rating

Listing Fee

1.5%

Customer Rating

4.8/5 (156,106 reviews)

Editor's Take

Pros & cons

Overview

Redfin is a reputable discount real estate brokerage that offers significant savings, particularly if you buy and sell with the brokerage. But watch out for high minimum fees, which vary by market and can be high in some areas. Redfin's agents also work with a lot of clients, and they don’t always have time to provide as much hands-on service as you may need.

Read the full Redfin review.

Pros

  • Low 1.5% listing fee offers excellent savings.
  • Clients who buy and sell with Redfin can save even more.
  • Easily manage your listing online or via Redfin’s app.

Cons

  • Agents might not be experienced in your local market.
  • High minimum fees in certain markets may limit your actual savings.

What it is: Redfin is a discount brokerage with salaried agents who work under its brand name.

How it works: All Redfin agents charge a 1.5% listing fee. If you buy and sell with Redfin, you can get a 0.5% rebate, bringing your listing fee down to 1%.

Customer reviews: 4.8/5 (156,106 total reviews)

Locations: Redfin is available in Washington D.C. and most major cities in the following states: Arizona, Arkansas, California, Colorado, Florida, Hawaii, Illinois, Indiana, Maryland, Massachusetts, Minnesota, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia.

Did you use Redfin? Leave a review for the chance to win a $250 Amazon gift card.
Good agents, but limited choice

Ideal Agent

Learn More
On listwithclever.com
4.5
Our rating

Listing Fee

2%

Customer Rating

4.9/5 (7,007 reviews)

Editor's Take

Pros & cons

At a Glance

Ideal Agent is a solid option if you’re looking for a top agent. The company vets its realtors thoroughly, so you’ll likely get a quality agent. But you won't save as much on realtor fees as you could with other companies.

Read the full Ideal Agent review.

Pros

  • It's easy to get matched with a real estate agent.
  • The 2% listing fee is lower than the traditional rate.
  • Customer service gets excellent reviews.

Cons

  • You likely won't get to choose which agent you work with.
  • There are no savings for buyers and limited savings for sellers.
  • There's limited ability to manage your listing online.

What is it: Ideal Agent is a real estate brokerage that matches buyers and sellers with real estate agents.

How it works: Ideal Agent has strict performance criteria for the agents it lets into its network. This vetting process means you're more likely to be matched with a top agent, although it also means there are fewer agents overall to choose from.

Ideal Agent also has a cash buyer program where it solicits cash offers for your home from various investors.

Customer reviews: 4.9/5 (7,007 total reviews)

» Read our full Ideal Agent review

Locations: Ideal Agent is available nationwide.

Did you use Ideal Agent? Leave a review for the chance to win a $250 Amazon gift card.
Best for listing fee savings

1 Percent Lists

Shop Alternatives
On listwithclever.com
4.6

Listing Fee

1%

Customer Rating

5/5 (385 reviews)

Editor's take

Pros & cons

At a Glance

1 Percent Lists offers a solid combination of savings and full service. If you're located in one of its service areas, read customer reviews and check Zillow transaction data to ensure you don't end up with an inexperienced real estate agent.

Read the full 1 Percent Lists review.

Pros

  • The 1% listing fee is among the lowest in the industry.
  • You get full-service support, including professional photography, an MLS listing, and contract negotiation.
  • You can list on multiple MLSs for more exposure.

Cons

  • Not all brokerages offer home buyer rebate incentives (check with your local franchise if this is important to you)

1 Percent Lists is a full-service real estate brokerage. Agents provide the same services as traditional realtors (professional photography, MLS listing, contract negotiation, etc).  Buyers can work with 1 Percent Lists and won't pay any fees.

Did you use 1 Percent Lists? Leave a review for the chance to win a $250 Amazon gift card.
Best for buyers in high-end markets

Prevu

Learn More
On listwithclever.com
4.0
Our rating

Listing Fee

1.5%

Customer Rating

5/5 (602 reviews)

Editor's Take

Pros & cons

Overview

Prevu is a solid option if you're buying an expensive property. You can receive up to 2% of the home's purchase price as a rebate; the full 2% is only available on properties over $1.25 million. Sellers will pay a 1.5% listing fee (about half the traditional rate). But watch out for minimum fees that vary by market and can be high, limiting your actual savings.

Read the full Prevu review.

Pros

  • Eligible buyers get a rebate of up to 2%.
  • Sellers can save with the 1.5% listing fee.
  • The company offers significant savings on high-value homes.

Cons

  • Only homes over $1.25 million qualify for the full 2% buyer rebate.
  • Minimum fees undercut seller savings.
  • Prevu has a small agent network, which means you could get stuck with a lackluster realtor.

What it is: Prevu is a discount brokerage that connects buyers and sellers with agents.

How it works: Prevu agents offer the same general range of services and support as traditional agents. The main difference is that the agents are salaried employees of the Prevu brand. As a seller, you will pay a 1.5% listing fee to your Prevu agent, which is about half of what traditional agents charge. The company also advertises a buyer rebate of up to 2% for buyers who find a home with a Prevu agent, although the rebate is subject to minimum fees and other requirements.

Customer reviews: 5/5 (602 total reviews)

  • Google: 5/5 (591 reviews)
  • Yelp: 4.5/5 (11 reviews)

Locations: Prevu is available in select markets in Washington D.C. and the following states: California, Colorado, Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Texas, Virginia, Washington.

Find discount real estate brokers near you

Sometimes your best option is a local discount broker in your area that offers lower commission rates.

If you're looking for a discount real estate broker in your local market, we've put together comphrensive guides for all 50 states and Washington, DC. Use the table below to navigate to your state and find the perfect discount broker.

How to choose a discount realtor

When choosing a discount real estate agent, think about what services are important to you, and make sure the agent offers the right set of services to fit what you need.

For example, 23% of recent sellers said they wanted an agent who could help price their home competitively and effectively market it to buyers. [1]

Other useful services a discount agent may offer include:

  • Helping you sell within a specific timeframe
  • Advising improvements to make your home more sellable
  • Assisting with paperwork, inspections, and negotiations
  • Providing photography and video.

If you're on the fence about an agent after an initial interview, talk to a few more candidates. Pay attention to each agent's past sales and customer reviews.

⚡ Get the best agents at a better rate. Use our free agent matching tool to find a great agent and take advantage of our 1.5% listing fee. Compare top local realtors from major brands like Keller Williams and RE/MAX — with no added fees or strings attached.

What is a discount real estate broker (and how do they work)?

A discount real estate broker is a licensed realtor who passes on savings to home buyers and sellers by charging lower total commissions than traditional brokers.

The current average real estate commission is 5.49%. In an average real estate transaction, that fee is split, with a 2.83% listing fee going to the seller's agent and 2.66% going to the buyer's agent.

Most of the time, the seller is responsible for paying the entire commission fee, though sometimes the buyer's agent fee will be split or paid by the buyer. In 2023, nearly half (48%) of buyer's agents were compensated by the seller.[1]

Discount brokers typically offer savings by reducing the listing fee. For example, both Redfin and Clever Real Estate charge a 1.5% listing fee, which is less than the average listing fee of 2.83%. If you were selling a $500,000 home, you'd save around $6,650 by working with an agent from one of these brands.

Even if you work with a discount broker, you'll likely still have to offer the full buyer's agent fee. It incentivizes agents to show your home to their clients. And since the majority of buyers work with an agent, this is your best opportunity for finding a qualified buyer quickly and selling your home for full price.[1]

How do discount realtors get paid?

Many discount realtors get paid just like traditional real estate agents: through real estate commission fees paid by the seller at closing. Agents who partner with Clever Real Estate, for example, charge customers a 1.5% listing fee at closing.

Other discount realtors, such as agents that work for Houwzer and Trelora, are employed by the company directly and are paid a salary.[2] Redfin uses a dual approach: agents earn a base salary but are also eligible to receive performance-based bonuses.[3]

How much can you save with a discount realtor?

The amount you can save with a discount realtor depends on three main factors:

We'll cover the first two points first — home price and listing fee — then we'll discuss how savings can vary based on where you live.

This first table breaks down how much you'll save at different price points based on the listing fee charged by your discount realtor. Most discount real estate brands charge 1–2% (for context, the average listing fee nationwide is 2.83%). That can seem like a small discount at first, but it actually breaks down into a significant dollar amount, especially at higher price points.

How much you save based on listing fee paid

Home price2% listing fee1.5% listing fee1% listing fee
$250,000$1,800$3,050$4,300
$500,000$3,600$6,100$8,600
$750,000$5,400$9,150$12,900
$1,000,000$7,200$12,200$17,200
Show more
Savings are calculated in comparison to the national average listing fee of 2.72%.

Now, it's important to break it down by location. Average commission rates vary depending on where you're located.

The average listing fee in New York, for example, is 3.00%. If you sell your $500,000 home with a realtor who charges a reduced fee of 1.5%, you'd save about $7,500 in realtor fees.

A seller based in Utah with the same priced house would save $4,000 (based on South Dakota's average listing fee of 2.30%).

Discount real estate broker alternatives

If you're on the fence about selling with a discount real estate broker, you may be better off trying one of these alternative sales types.

Alternative optionDescription
Sell without a realtor or with a flat fee MLS company.Save big on realtor fees. Good for people with real estate experience who don't mind a big time commitment.
Sell to a cash home buyer.Sell in as little as a week. Good for homes in poor condition.
Sell to an iBuyer.Sell in as little as a week. Good for homes in move-in ready condition.
Negotiate realtor fees yourself.Pay a lower listing fee with an agent of your choice. May be an option if you're selling an expensive home in a hot market.

Risks of working with a discount real estate broker

The best discount real estate brokers, like Redfin and Clever, provide full-service, just like a traditional broker. But service levels can vary by agent and brand.

Ultimately, the risks boil down to the individual agent you work with — and you run the same risks with traditional agents as you do with discount brokers. Example: you may end up with an agent who works hard and provides full service — or you may end up with someone who phones it in

Additionally, depending on where you live and what brands are available in your area, you may not have lots of discount agents to choose from.

The best way to have a great experience with your discount realtor? Always prioritize the best agent over the lowest price. If you're on the fence about an agent, listen to your gut. Don't go with a subpar agent just for the discount. And ask what services they offer before signing a contract.

👋 Next step: Talk to an expert

If you're weighing your options for buying or selling a house, Clever can help!

Our fully licensed concierge team can answer your questions and provide objective advice on getting the best outcome with your sale or purchase.

When you enter your info below, we'll ask you a few questions about your situation via a short form. Then our concierge team will be in touch shortly to help.

This service is free, and there’s never any obligation to move forward with us.

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About our discount real estate broker recommendations

Data on average real estate commission rates is based on a survey of 630 of our partner agents, in which we asked them to indicate the typical rates for both buyer's and seller's agents in their area.

🔬 Our research process

Clever has helped thousands of home sellers find great low commission real estate agents and save on realtor fees. Our Editorial Team also spends hundreds of hours each year researching other discount brands and crafting in-depth reviews to help home sellers compare their options and find the right fit for their needs and price range, whether that's Clever or another service.

Our rigorous research process involves reading thousands of customer reviews, mystery shopping local offices to fact-check marketing claims and uncover details not listed on the company's website, and updating our rankings regularly to ensure we give consumers the best — and most accurate — information about low cost real estate agents available on the web.

Our primary goal is to empower you to make smarter real estate decisions, achieve your goals, and, ideally, save some money while you're at it. To that end, we strive to deliver highly objective, helpful guides that offer practical advice to sellers with different experience levels and with homes in different locations and price ranges.

Selling a house is one of the biggest financial transactions you'll ever make. We want to provide you with the information you need to have the best possible outcome, even if that means you ultimately choose to work with one of Clever's competitors.

Learn more about Clever's editorial policy.

Article Sources

[1] National Association of Realtors – "Home Buyers and Sellers Generational Trends Report". Updated 2023.
[2] Houwzer Real Estate – "Our Agents".
[3] Redfin Real Estate – "How are Redfin Agents paid?".

Authors & Editorial History

Our experts continually research, evaluate, and monitor real estate companies and industry trends. We update our articles when new information becomes available.

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