From its name you will realize that it is a discounted service broker. You will get what you pay for or sometimes less. For a fee they will put up the home on the MLS. You get very little in terms of service. Usually the sale will suffer and in many cases the homeowner/seller sells the home for less. Owners usually do the selling, showing, qualifications, etc. 9 times out of 10 the home won't sell and owners usually then sign up with a full service broker.

Beware of discount brokers, oftentimes that's all they have to offer; when working with a reduced commission very little marketing if any will be done on your behalf.

Anna
917-576-5376
abrocco@laffey.com

In Long Island, the seller does NOT deal with the potential buyers directly. The discount brokers offer out a very minimum amount of commission to the co-broker. With so many properties on the market these days, there will be very little cooperation between agents (no incentive) to show a home that is paying minimal for time invested.

Commission paid out is a very important tool to selling a home.

A discount broker usually charges a set fee or deeply discounted commission. The seller often deals with potential clients directly. The seller usually agrees to pay the customary co-brokerage rate for the area to the buyer's agent. There is no set co-brokerage rate as all commissions are negotiable. However, offering less than that will put you at a disadvantage to other homes offering full commision to the buyer agent.