How do discount brokers differ?
Some individuals who have previously gone through the home buying experience choose to go with a discount broker to assist in their real estate transaction. A discount broker usually charges a lower commission rate (sometimes it can be as low as 1%) or can offer a list of other services that you would pay for as you used them; some will charge by the hour. If a discount broker represents both the buyer and seller it does not remove the potential for conflict of interest. While some franchise operations offer discounts and agents are often free to charge less as they see fit, most discount brokers are independents or discount chain operations.
