After the NAR settlement changed everything about real estate commissions, buyers finally have real power to negotiate their agent's fee — and keep the difference as cash back at closing.
Here's how it works in plain English, and why ShopProp buyers save an average of $15,000 per transaction.
The Old Way vs. The New Way
Before August 2024, buyer agents typically earned 2.5–3% of the home price — paid by the seller but built into the purchase price. A $750,000 home meant $18,750–$22,500 going to an agent you may have met once at an open house.
Now, buyer agent fees are negotiated directly. The seller may still offer compensation, but your agent's fee is between you and your agent. And that's where the savings happen.
What Is a Buyer Agent Rebate?
A rebate is the portion of the buyer agent commission returned to you at closing. If a seller offers 2.5% on a $600,000 home ($15,000) and your agent charges a flat fee of $1,995, you keep the $13,005 difference as a credit toward closing costs.
This isn't a gimmick. It's legal in 40+ states and explicitly endorsed by the Department of Justice as pro-consumer.
Why Most Agents Won't Offer Rebates
Traditional agents earn more when they charge a percentage. A 2.5% fee on a $800,000 home is $20,000. Why would they voluntarily cut that to $1,995?
They wouldn't — which is why you need a flat-fee buyer agent like ShopProp.
ShopProp's Flat-Fee Buyer Model
ShopProp charges a flat fee starting at $1,995 regardless of home price. On a $750,000 home where the seller offers 2.5% ($18,750), your rebate is $16,755. That's money back in your pocket at closing.
And unlike discount brokerages, ShopProp provides full-service representation with a managing broker — Rob Levy, who has closed 1,000+ transactions since 2007. As NPR, USA Today, and the New York Post have reported, flat-fee models like ShopProp are reshaping how Americans buy homes.
How Much Can You Save?
- $500K home: Save up to $10,505 vs. traditional 2.5% agent
- $750K home: Save up to $16,755
- $1M home: Save up to $21,005
- $1.5M home: Save up to $32,505
Use the ShopProp savings calculator to see your exact number.
States Where ShopProp Offers Buyer Rebates
ShopProp is licensed and active in Arizona, California, Colorado, Hawaii, Michigan, Texas, Virginia, and Washington. Whether you're buying in the Bay Area, Seattle, Austin, or Honolulu, the flat-fee model works the same way.
The Bottom Line
The NAR settlement gave buyers the right to negotiate. ShopProp gives buyers the savings. A flat fee starting at $1,995 means more of your money stays with you — not your agent.
Ready to see what you'd save? Try the calculator or get started at ShopProp.com.