In the evolving landscape of real estate, Brokerless.com has emerged as a notable player, particularly for those seeking to navigate the market without traditional brokerage services. This article offers a comprehensive analysis of Brokerless, examining its legitimacy, functionality, services offered, advantages and disadvantages, competitors, and alternative options for potential users.
Is Brokerless.com Legit?
Yes, Brokerless.com is a legitimate platform. Founded in 2006 by Jack Laufer and headquartered in Weston, Florida, it operates as a referral service rather than a traditional brokerage. Users purchase a listing package through Brokerless, which then connects them with a licensed broker in their state to list their property on the MLS. Despite its legitimacy, users should be aware that additional fees may apply at closing and that the platform’s technology is considered outdated compared to competitors.
How Does Brokerless Work?
Brokerless functions as an intermediary between sellers and licensed brokers. After purchasing a listing package, users provide their property details to Brokerless, which forwards this information to a local broker. This broker then manages the listing on the MLS. It’s crucial for users to understand that they are dependent on their assigned broker for various tasks such as pricing adjustments and open house announcements, which can lead to potential delays and complications.
Brokerless Sign-up Process
The sign-up process is straightforward:
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- Select a listing package.
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- Provide property details.
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- Wait for your local broker to contact you.
Brokerless Services
Brokerless offers several services aimed at simplifying the home selling process:
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- Flat Fee MLS Listings: Starting at $99 for six months.
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- Referral to Local Brokers: Connects users with licensed agents who handle MLS listings.
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- Basic Support: While some customer reviews praise responsiveness, others highlight issues with unresponsive support staff.
Brokerless Reviews
Brokerless got 4.4 stars rating and 69 reviews in Google
Brokerless got Positive Reviews:
The review praises Brokerless, Inc. for providing a quick and easy listing process, a large network of real estate agents, and excellent service. Jack is specifically highlighted for offering helpful advice and matching the reviewer with the best local MLS. The service is highly recommended.
Brokerless got NegetiveReviews:
The review criticizes the listing service as the worst in the country, warning against false reviews. The reviewer, an investor with 15 years of experience, calls the company careless and unprofessional.
Brokerless Reviews: Pros and Cons
Pros
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- Cost Savings: Brokerless offers flat fee MLS listings starting at $99 for six months, making it significantly cheaper than traditional brokerage fees, which can be as high as 6% of the sale price.
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- User-Friendly Process: Many users report that the listing process is straightforward and quick, often completed in less than an hour. The platform allows sellers to submit their listings directly online.
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- Responsive Customer Service: Users have praised the owner, Jack Laufer, for his excellent customer service and quick response times. Many sellers felt supported throughout the process.
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- Nationwide Coverage: Brokerless operates across various states, providing access to multiple MLS listings, which broadens market exposure for sellers.
Cons
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- Limited Services: As a referral service, Brokerless does not provide comprehensive support like traditional brokers do. Users may miss out on essential services such as market analysis and negotiation assistance.
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- Dependence on Assigned Brokers: After purchasing a listing package, users are assigned a local broker whose quality and responsiveness may vary. This lack of control can lead to frustration if the broker does not meet expectations.
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- Potential Additional Fees: While the initial listing fee is low, there may be additional costs at closing or for add-on services that are not clearly outlined upfront.
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- Mixed Customer Experiences: Some users reported negative interactions with staff, citing rudeness or unprofessionalism, which contrasts sharply with the positive reviews many others have shared.
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- Outdated Technology: Critics have noted that Brokerless’s platform lacks modern features found in competitor services, which could hinder user experience and efficiency.
Brokerless Competitors
Brokerless faces competition from several other platforms that offer similar services:
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- Houzeo: Known for comprehensive services and superior technology.
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- CheapestMLS: Offers competitive pricing and extensive support options.
These alternatives may provide enhanced features that could better serve users’ needs.
Best Flat Fee Companies Near You
When considering flat fee MLS services, it’s advisable to explore local options that may offer tailored support:
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- Research local listings.
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- Compare pricing structures.
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- Read customer reviews for insights into service quality.
Other Options You Should Consider
In addition to Brokerless and its competitors, consider exploring:
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- Traditional Brokerage Services: For those who prefer full-service support despite higher fees.
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- For Sale By Owner (FSBO): If you’re comfortable managing the sale independently.
Should You List With Brokerless?
Listing with Brokerless can be an excellent choice for experienced sellers looking to save on commission fees. However, it is essential to weigh the pros and cons carefully.
