Discount Real Estate Brokerage?

What Is Discount Real Estate Brokerage?
By Pierre Mouchette | Real Property Experts LLC

Also known as “rebate” real estate services, discount brokerages are not new.   These brokerage businesses have been around for a long time under various names.  Due to the cost of using a real estate broker and the diminishing resale value of the for-sale property, these brokerages are resurfacing in increasing numbers.

What Do Discount Brokerages Do?
Discount brokerages offer streamlined services for less commission.  
 
What Type of Commissions Do These Discount Brokerages Charge?
Discount brokerages discount using the following methods

• Charge the full commission but provide the client with a credit at closing (one to two percent).
• Some discount brokerages simply charge a flat fee to get the property on the MLS and a small fee upon closing to cover the legal and administration costs that they incurred.