Most buyers don’t realize they’re leaving thousands on the table. The seller pays a buyer’s agent commission of 2.5% — that’s $40,000 on San Mateo’s median $1,600,000 home. Traditional agents pocket it all. ShopProp charges a flat fee from $4,995* and returns the difference to you as a real estate rebate. On a $1,600,000 home, that’s up to $35,005 back at closing.
* Buyer fees range from $4,995 to $7,995 depending on service tier. All tiers include managing broker involvement.
Based on a $1,600,000 home with 2.5% buyer’s agent commission ($40,000)
| Brokerage | Their Fee | Your Rebate |
|---|---|---|
| Traditional Agent (2.5%) | $40,000 | $0 |
| Redfin (partial rebate) | ~$28,000 | ~$12,000 |
| TurboHome | $7,500 | $32,500 |
| ShopProp | from $4,995* | up to $35,005 |
* Buyer fees range from $1,995 to $7,995 depending on service tier and price range. All tiers include managing broker involvement. See full tier details below.
When a home sells, the seller typically pays both the listing agent and the buyer’s agent. The buyer’s agent commission — usually 2.5% of the purchase price — is baked into the transaction. Most buyers never see this money.
With ShopProp, you get full buyer representation for a flat fee starting at $4,995. The remaining commission — up to $35,005 on a $1,600,000 San Mateo home — is returned to you at closing as a real estate rebate. It’s disclosed on the settlement statement and can be applied to closing costs, your down payment, or received as a credit.
This isn’t a gimmick or a reduced-service model. ShopProp has completed over 4,000 transactions since 2007, with a managing broker involved in every one. You get expert representation and the industry’s largest rebate.
Other brokerages charge a percentage of the home price — meaning the more expensive your home, the more they take. ShopProp’s flat fee means your rebate grows with the price. A $1,600,000 home in San Mateo yields up to $35,005 back.
Your rebate comes with complete buyer services: market analysis, property tours, offer strategy, negotiation, inspections, and closing coordination. No shortcuts, no DIY components.
Rob Luecke, managing broker with 19 years of experience and backgrounds in construction and finance, oversees every transaction. You’re not working with a junior agent — you’re getting senior-level expertise.
4,000+ transactions since 2007. ShopProp pioneered the flat fee rebate model in the Bay Area and now serves San Mateo buyers with the same proven approach. Every rebate is transparent and legally documented.
When you buy a home in San Mateo, the seller typically pays a 2.5% buyer's agent commission — that's $40,000 on a $1,600,000 home. Traditional agents keep it all. ShopProp charges a flat fee starting at $4,995 and returns the rest — up to $35,005 — directly to you at closing as a real estate rebate.
On a $1,600,000 home in San Mateo with a 2.5% buyer's agent commission, ShopProp's real estate rebate is up to $35,005. That's the commission ($40,000) minus ShopProp's flat fee (from $4,995). Your exact rebate depends on the commission offered and your service tier.
Yes. Real estate rebates are fully legal in California. ShopProp has provided rebates since 2007 with full transparency. Every rebate is disclosed on the closing statement and can be applied toward closing costs or received as a credit. Every rebate is disclosed on the closing statement. The rebate can be applied to closing costs, your down payment, or received as a credit.
Transparent pricing — choose the tier that fits your needs. All tiers include managing broker oversight.
| Seller Tiers | Fee | What’s Included |
|---|---|---|
| Free | $0 | MLS listing only |
| Essentials | $1,995 | Photography, MLS, marketing basics |
| Full Service | $4,495 | Full marketing, negotiation, closing support |
| Concierge | 1% | Premium staging, enhanced marketing, white-glove service |
| Buyer Representation | Fee Range | Details |
|---|---|---|
| Under $700K | $1,995 – $5,995 | Rest of buyer commission returned as rebate |
| $700K – $1M | $3,995 – $6,995 | Rest of buyer commission returned as rebate |
| $1M – $2M | $4,995 – $7,995 | Rest of buyer commission returned as rebate |
| Over $2M | $7,995 (flat) | All services included — full rebate of remaining commission |
See your exact savings with our commission calculator, or talk to a managing broker today.
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