Houwzer is a discount real estate brokerage that offers reduced price listing fees for sellers along with buyer rebate for buyers. Houwzer is owned by one corporate entity and does not operate franchises in the US.
Buyers and sellers work with Houwzer to buy or sell their home. Houwzer provides the buyer or seller with an agent team who helps them with every stage of the process for buying and selling.
Houwzer charges a flat fee of $5,000 for sellers. Sellers that also buy with Houwzer receive a $2,500 rebate.
Houwzer primarily generates revenue through real estate commissions from buyers and sellers paid on a successful home purchase or sale. Houwzer also generates money through ancillary services such as mortgage.
Houwzer is privately held.
Homie employs agents as full-time employees. As a result, agents are paid a salary and smaller sales commission by the brokerage rather than being paid entirely based on sharing commissions via a traditional commission split.
Houwzer employs agents as full-time employees rather than independent contractors.
As of early 2021, Houwzer had just over 50 agents.