Faira is a multi-state savings broker, offers consumers listing savings and buyer’s refunds in select areas across Washington, Arizona and California.
Faira offers savings to sellers (charges 0.5% platform fee to the buyer with an optional 1% listing fee) and commission refunds to buyers (2% of the purchase price).
For its in-house listings platform offers self-represented buyers a 2.5% independent buyer discount, to account for the fact that there is no need for Buyer's Agent Commission (BAC) expense for self-represented buyers.
However, we recommend that all Buyers work with their own competitive buyer's agent who offers a buyer's refund. Faira also offers Premium Listing option for a 3% listing fee.
Faira is a consumer-focused real estate agent that successfully represents consumers across Washington, Arizona, and California and offers sizeable savings.
Faira listing service includes posting home on the MLS and MLS Aggregator services, professional photos in addition to all typical services offered by a traditional real estate agent.
Faira gives sellers access to a well-designed dashboard with great communication features. The pricing model at this brokerage may be an issue for some Buyers and Agencies who are unable to work with it due to the "platform fee" structure.
Buyer's commission rebate structure is also subjective with ambiguously defined savings. What is considered standard real estate services are advertised by Faira as Premium for a significantly larger fee.
While Faira does offer sizeable savings for Buyers and Sellers, we find that some service offerings by Faira are difficult to substantiate, especially when it comes to its Premium listings.
TRELORA is a multi-state savings broker, offers consumers flat fee listing savings and buyer’s refunds in Denver, CO, and Seattle, WA.
TRELORA offers listing savings to sellers ($3,000 in Denver, CO and $4,000 in Seattle, WA - flat listing fee) and commission refunds to buyers (2.5%-3% Buyer’s Agent Commission refund minus $3,000 in Denver, CO and $4,000 in Seattle, WA - buyer representation fee.)
TRELORA’s $500 Initial Listing Fee is non-refundable.
TRELORA is a consumer-focused flat fee real estate broker. As a listing agent, TRELORA works with a seller to prepare homes for listing, including taking professional photos, pricing home, and publishing marketing materials. TRELORA claims that its agents are in the top 1% nationwide, where every agent handles 30x the number of home sales as the industry average.
TRELORA lists all homes on the local MLS as well as typical MLS Aggregators. When self-represented buyers approach TRELORA about seller’s listing, TRELORA waives the 2.5%-3% Buyer’s Agent Commission in favor of the seller or the buyer. This allows parties to save a significant amount in buy-side commissions, but also requires the buyer to accept the potential downside of dual representation.
As a buyer’s agent, TRELORA works with buyers to find a home, schedule inspections, negotiate repairs and finalize the purchase. TRELORA offers overall great value to consumers looking to either buy or sell a home.