Ideal Agent Review 2022 Reviews

Ideal agent is a free referral service that connects real estate agents with sellers looking for discounted realtors. 

Table of Contents

What Is Ideal Agent?

How Does Ideal Agent Work?

Is Ideal Agent legit?

How does Ideal Agent make money?

Is Ideal Agent really 2%?

Is IdealEstate worth the money?

How much does Ideal Agent cost?

Summary

What Is Ideal Agent?

Ideal Agent is a free service that connects homeowners to real estate agents in their local area. More specifically the agents they connect homeowners with are real estate agents that are offering discounted real estate services. This means that as the seller you may be able to get a real estate agent to list your home for a commission rate as low as 2% of the sale price. This is 1% lower than the standard commission that real estate agents usually charge for listing your home. 

What makes the Ideal Agent platform even better is the fact that the realtors they work with are all in the top 1% of agents in their area. This means that between all of them you are guaranteed to get an agent with a decade or more of experience. 

How Does Ideal Agent Work?

As a seller, using Ideal Agent is relatively simple. Starting off you will need to go to the Ideal Agent website and fill out a short form found there. The details you will need to include are your address, type of property or residence, the sale price, and the timeframe in which you would like to sell. For Ideal Agent to be able to contact you back you will also have to include your personal information, including your phone number and email address. Based on the information you provide Ideal Agent will then match you with expert agents who can assist you with your request. 

After being matched, your personal information is passed on to the Realtor you matched with. They will be the ones to contact you so that you can proceed with the sale of your property. What is great about all of this is that if at any point you feel like it wasn’t a good match you aren’t required to work with that agent. There is no fee for the matching service, which means that you won’t be losing any money if you choose to not proceed with the agent suggested by Ideal Agent. 

The first two steps in the Ideal Agent process are: 

1. Going to the website and filling out the short contact form
2. Communicating with your real estate agent match. 

This makes Ideal Agent an extremely easy service to use whenever you are looking for a real estate agent. It will also make it easier for you to sort through potential deals and find the cheapest real estate agent that can simultaneously also offer you the best type of service. 

While working together with your real estate agent, you should expect to receive the same full brokerage services you would have received if the agent was not found through Ideal Agent. This should include:

• Market analysis and research report, which will help you understand the housing market in your area
• Discussions on the timeline for the sale of your property
• Arrangement of professional photography for your property 
• Listing your home on MLS and other websites
• Advertise and Market your home, both online and offline
• Help you sort through offers and send through counter-offers
• Assist you with the closing procedures 

Is ideal agent legit?

Ideal Agent is a legitimate company. This may seem a bit weird for some people because the sellers are not charged for the service that Ideal Agent provides. Still, the service is completely legit. More importantly, all of the agents that Ideal Agent will connect you with have been completely vetted and are guaranteed to have expertise and knowledge that will help you sell your house faster. 

How does Ideal Agent make money?                             

While the seller of a property is not required to pay money to use the Ideal Agent website, they will still be required to pay the commission of the agent that they found through the platform. Normally, that commission fee that is paid to the real estate agent is in part given to the Ideal Agent platform. This is because, without Ideal Agent, the realtor would have never gotten the referral or the client that paid for their commission. 

One of the main benefits of using Ideal Agent to find your realtor is the fact that the realtors you find through the platform will give you a listing commission fee of 2%. It is out of that 2% that Ideal Agent will receive some payment. It is important to note here, that the platform does not disclose the exact amount that they are receiving in exchange for the referral. 

Is ideal agent really 2%?

Ideal Agent in itself is not really 2%, the percentage to how much ideal agent costs for you is actually 0% since you will not be required to pay to use their service. This is because Ideal Agent is a free platform that anyone can use to get access to the perfect real estate agent for their home. The process for doing so is simple, all you would need to do is follow the steps outlined below. 

1. Visit the Ideal Agent Website

2. Fill Out the short online form regarding the property that you are interested in

3. Start communicating with the agent that Ideal Agent has put you in contact with. 

While the Ideal Agent service is free for sellers what is not free is the real estate agent’s services, which will be charged at 2%. The listing fee as it is often called is the commission that the seller’s real estate agent will request for their services. These services include: 

• Arranging for professional photographs of the property to be taken
• Creating the listing for the property
• Uploading the listing on real estate websites and MLS
• Marketing and advertising the property online and offline, and arranging for open house events
• Negotiating the offers that come in
• Assisting the seller with the closing procedures for the sale of their property

When considering all of the services that the real estate agent will be called to complete, the 2% becomes a reasonable amount for an agent to request. What’s more, 2% is a far lower commission rate than what is average in the real estate world. Currently, the average listing commission for real estate agents is between 2.5 and 3%. Most commonly, real estate agents will request 3% for their commission. This is not the case with real estate agents that sellers find through Ideal Agent. With Ideal Agent, all of the agents that the sellers come in contact with will be charging 2%. It is because of this reason that Ideal Agent is often associated with the idea of 2% realtors. 

However, one thing to remember as the seller is that just because the seller’s real estate agent has agreed to complete this service at a discount, it doesn’t mean the buyer’s real estate agent will also be working for a discounted price. This means that the 2.5 to 3% that is normally the cost of a buyer’s real estate agent will still fall on the shoulders of the seller. Therefore, the seller should expect to pay for the real estate agent’s commission of 4.5 to 5% of the total sale price of the house. 

• Ideal Agent is a completely free referral service
• Real Estate Agents working with Ideal Agent are in the top 1% in their area
• Real Estate Agents found through Ideal Agent will charge 2% for their services
• The seller is responsible for paying for both the seller’s and the buyer’s real estate agents. 
• Any real estate agent found through Ideal Agent should offer full real estate services. 

Is Ideal Estate worth the money?

Ideal Estate is a platform for real estate agents. The website advertises the services offered by IdealEstate as services concerning the networking capabilities of real estate professionals. Essentially, the platform acts as a way of bringing all the real estate agents that have signed up together. The IdealEstate pricing will vary depending on the type of account that you want to have. 

Currently, the lowest monthly amount that one can spend towards IdealEstate is $39.99 per month. Alternatively, users can be billed annually at $359.88. 

For those who are looking to become more well connected with real estate professionals in their area and nationwide, signing on for IdealEstate may seem like the perfect option. On the platform, there are not only real estate agents, but also over 50 other professionals that work in the field of real estate. This means that by joining the IdealEstate network you will be able to meet up and connect with many other real estate professionals. 

Determining whether IdealEstate is worth the money is a completely personal choice. While for some people gaining access to a network can make the money spent on the platform seem well spent, for others the platform offers nothing unique. Especially for those who are well established and who already have made a name for themselves and have a setup career the IdealEstate platform may not have a lot of appeal. For this reason, some do not consider IdealEstate to be a good way of spending your money and connecting with other real estate professionals. 

1. IdealEstate is a platform that connects real estate professionals
2. The IdealEstate subscription can either be billed monthly or yearly
3. The lowest subscription cost for the IdealEstate website is $39.99 per month or $359.88 yearly

How much does Ideal Agent cost?

Ideal Agent does not cost anything, the service offered is completely free. This means that anyone can use the website to find the perfect real estate agent to sell their property. While the service does not require any payment directly from the seller, Ideal Agent does take payment from the real estate agent that the seller was referred to. It is necessary to note here, that commission both by the seller and by the real estate agent is normally only paid after the sale of a property has been fully completed. 

Sellers who choose to use Ideal Agent should not be suprised when they are made to pay the following two commission costs relating to the same of the property. 

• The Seller’s real estate agent commission rate
• The Buyer’s real estate agent commission rate

While the Ideal Agent service, which is a referral service does not require any payment for the service that it provides and while the real estate agent found through Ideal Agent will only charge 2% for their services, that does not mean that the seller should not be ready to pay some extra costs. Those costs are related to the buyer’s real estate agent, who is normally paid by the seller.

When the commission of the buyer’s real estate agent, 2.5 to 3%, is put together with the commission of the seller’s real estate agent, 2%, the amount that is resulting from this addition shows that the seller should be ready to pay somewhere between 4.5 and 5% for the real estate agents that assisted them with the sale of their property. It is also important to remember here that while high, this commission could result in the seller saving money because of Ideal Agent’s lower seller commissions.

 Summary

Ideal Agent is a free service that connects sellers with the perfect real estate agents in their area. The real estate agents suggested through the platform will charge 2% for their services and they will be thoroughly vetted. This means that any real estate agent that you start using after Ideal Agent’s referral is guaranteed to be an expert that can assist you with selling your home in no time.