The Real Estate Center at Texas A&M University recently released a study by two distinguished professors. Ford is co-founder of the marketing research firm MarketStat and a lecturer in the College of Business at the University of Texas at San Antonio. Dr. Rutherford is the Elmo Burke Jr. Chair in Building Development and Professor of Finance in the College of Business at the University of Texas at San Antonio.
Their study studied more than 55,000 transactions from the Dallas Fort Worth Metroplex area, and concludes that Discount Service Brokers netted much less than Full Service agents, negating any savings gained by lower comissions. In fact, not only did they sell their homes for less money, it took them significantly longer to sell their properties, if at all.
Bottom line is if it seems like a Deal, it might be a Bust. Read the entire linked article.