How Do Discount Real Estate Services Work? Also referred to as “rebate” or “internet” real estate services, discount brokerages are not new. These discount services are provided by Real Estate and Mortgage Broker Houses.
Real Estate Brokers – list your property and at closing, the buyer or seller receives money back in the form of a rebate. The rebate in many instances comes from the real estate agent’s commission. The going rate for a real estate agent’s commission on the buyer and seller side is 3 percent apiece (6 percent total).