Michigan buyer rebate companies like kermathrealty.com advertise percentage-based rebates: you pay the traditional 2.5-3% commission and get some back. After the NAR settlement in 2024, this model is outdated. You can now negotiate your buyer agent fee directly, and ShopProp charges a flat $1,995 starting fee for full-service managing broker representation.
The Percentage Rebate Problem
A percentage rebate sounds generous until you do the math. If your agent charges 2.5% on a $400,000 home ($10,000) and rebates 1%, you get $4,000 back but still pay $6,000. ShopProp charges $1,995 flat. You save $4,005 MORE than the rebate approach.
Michigan Savings by Price Point
$300,000 home: ShopProp $1,995 vs 2.5% minus 1% rebate = $4,500. ShopProp saves $2,505 more.
$400,000 home: ShopProp $1,995 vs $6,000 net. ShopProp saves $4,005 more.
$500,000 home: ShopProp $1,995 vs $7,500 net. ShopProp saves $5,505 more.
$750,000 home: ShopProp $6,995 vs $11,250 net. ShopProp saves $4,255 more.
Detroit, Ann Arbor, Grand Rapids, Bloomfield Hills
ShopProp is licensed in Michigan and provides full-service buyer representation across the state. Whether you are buying in Detroit, Ann Arbor, Grand Rapids, Bloomfield Hills, Saginaw, or Sterling Heights, you get managing broker oversight at a flat fee.
What Changed After NAR
Before the NAR settlement, buyer agent commissions were baked into the listing. Now buyers negotiate directly. This means you can choose a flat-fee managing broker instead of accepting whatever percentage the listing agent offers. The savings are real and immediate.
ShopProp has completed 300+ transactions across 8 states with $10M+ returned to clients. As featured in NPR, USA Today, and the New York Post.