Compare SimpleShowing and Sold.com
For Sellers
For Buyers
Answer: SimpleShowing is a full-service real estate agent that offers savings to homebuyers and home sellers while Sold.com is a referral fee network that enables broker-to-broker collusion with use of blanket referral agreements
Buying and Selling with SimpleShowing
SimpleShowing is a multi-state savings broker, offers consumers listing savings and buyer’s refunds in select areas across Florida, Georgia, Alabama.
SimpleShowing Pricing
SimpleShowing offers listing savings to sellers ($5,000 flat listing fee) and commission refunds to buyers (50% of the Buyer's Agent Commission). After the first five showings, the buyer’s refund will decrease 5% for each set of five showings requested. Buyer’s refund is subject to a minimum net commission of $3,500.
Listing Services
- MLS Listing
- Zillow, Trulia, etc. Listing
- Accept and Deliver All Offers and Counteroffers
- Hold Open Houses
- Professional Photography
- Professional Floor Plans
- Yard Signage Installation
- Spare Key Lock-box Installation
- Schedule Inspection Services
- Schedule Private Showings
- Closing Duties
Buyer's Agent Services
- Find the Property
- Accept and Deliver All Offers and Counteroffers
- Recommend Other Professionals
- Attend Inspection Services
- Schedule Private Showings
- Negotiate Needed Repairs
- Closing Duties
SimpleShowing Editor's Review:
SimpleShowing is a consumer-focused flat fee real estate broker. As a listing agent, SimpleShowing works with a seller to prepare homes for listing, including taking professional photos, pricing homes, and publishing marketing materials.
SimpleShowing lists all homes on the local MLS as well as typical MLS Aggregators. SimpleShowing maintains a well-designed online platform that allows sellers to communicate with all parties involved in a sale.
As a buyer’s agent, SimpleShowing works with buyers to find a home, schedule inspections, negotiate repairs and finalize the purchase.
SimpleShowing further offers unrepresented buyers to make direct offers to sellers. When a self-represented buyer approach SimpleShowing about seller’s listing, SimpleShowing waives the 2.5%-3% Buyer’s Agent Commission in favor of the seller.
SimpleShowing Direct option allows parties to save a significant amount in buy-side commissions, but also requires the buyer to accept the potential downside of dual representation.
Theoretically, a buyer can make an offer that is 2.5%-3% less than a competing offer from an agent-represented buyer, however, the buyer also loses all benefits of individual representation and forfeits an option to get a buyer’s refund from their agent.
Company extensively uses the current technology to help book showings with better coordination. SimpleShowing offers overall great value to consumers looking to buy or sell a home.
Where does SimpleShowing operate?
Selling with Sold.com
WARNING: Unlawful Kickbacks, Broker-to-Broker Collusion, False Marketing, Wire Fraud, Price Fixing.
Sold.com) is a broker-to-broker collusion scheme, where "partner agents" unlawfully agree to pay massive kickbacks to receive your information and engage in market allocation, consumer allocation, false advertising, unlawful kickbacks, wire fraud, and price-fixing practices in violation of, inter alia, 18 U.S.C. § 1346, 18 U.S.C. § 1343, 15 U.S.C. § 1, 15 U.S.C. § 45, 12 U.S.C. § 2607, 12 C.F.R. § 1024.14. As a consumer, you will always significantly overpay for Realtor commissions subject to hidden kickbacks and pay-to-play steering promoted in this scheme.
United States federal antitrust laws prohibit consumer allocation and blanket referral agreements between real estate companies.
Be smart; do not allow your information to be "sold as a lead" to a double-dealing Realtor in exchange for massive commission kickbacks paid from your future home sale, or your future home purchase.
Sold.com is a referral fee network designed to collect fees by matching consumers with local real estate agents willing to participate. Sold.com operates as a licensed real estate brokerage in California under BRE License #01937601, but it does not produce any services that are typically offered by real estate agents and does not represent consumers when selling real estate in any State.
When consumers submit information to Sold.com, this information is simply sold to real estate agents who are willing to pay for it with a 30% share of their commission.
Sold.com Pricing
Sold.com revenue comes from referral fees.
Listing Services
- This Service Does Not Represent Sellers
Buyer's Agent Services
- This Service Does Not Represent Buyers
Sold.com Editor's Review:
On paper, Sold.com seems to have a great idea – to provide its users with the best way to sell a home, but in reality, it is a referral network designed to steer consumers toward agents and other services willing to pay a cut of their commission back into the network.
Sold.com states that it is an “unbiased” and consumer-focused service, but the actual model turns out to be much less effective - Sold.com is a California licensed real estate broker that collects a 30% referral fee from all real estate agents that participate.
This fee makes it hardly a free service for anyone since referral fees are inevitably passed down to consumers. More importantly, Sold.com applies this pay-to-play bias towards all matching results, meaning, only real estate agents that have agreed to pay a referral fee are displayed in match results for consumers.
Sold.com audits all transactions because it needs to find out how much money real estate agents receive in commissions, inevitably collecting private details of consumer’s agreement for home purchase or sale.
Sold.com plays fees down to consumers - it states directly that the service is 100% free, but at the same time, it rigidly locks every participating real estate agent into 30% referral fee attached to the back-end of every contract. As a licensed real estate agent that doesn’t perform any real estate services or takes any responsibility for the transaction, it is not entirely clear how this process works under the Business and Professions Code and RESPA.
Clearly, real estate agents only sign-up with Sold.com because the price of the referral fee can be easily incorporated into their client's agreement with excessive commissions. Sold.com receives the second lowest score because this service is clearly biased and it claims to provide the complete opposite of what it actually does.