A flat $2,500, often zero, because Homey took the commission out of the deal.
In August 2024, the National Association of Realtors settled a landmark antitrust lawsuit for $418 million and agreed to fundamentally change how buyer's agent commissions work. The result: every buyer in the U.S. must now sign a written representation agreement before touring homes, and they must explicitly agree to how their agent will be compensated.
This sounds like good news, but for most buyers it created new confusion. Suddenly they're being handed dense legal agreements to sign before they can even walk through a front door. Many buyers don't understand what they're signing, whether they can negotiate the terms, or whether they're locking themselves into paying a high commission they can't afford.
Homey was built for exactly this new world. Our buyer representation agreement takes two minutes to complete, uses plain language, and defaults to our flat-fee structure, not a percentage of the home's sale price. You know exactly what you're agreeing to, and you're never surprised at closing.
How Homey's Buyer Agreement Compares
Traditional Agent Agreement
2.5–3% of purchase price
$12,500–$15,000 on a $500K home
Homey Buyer Agreement
HomeyUp to $2,500 flat (drops to $0)
With 2+ qualifying vendors hired: $0
What our agreement requires from you
The Incentive Problem
Traditional brokers earn a commission based on the sale price. Sounds reasonable, until you think about what that actually incentivizes.
A buyer's agent makes more money when you pay more for a home. They have zero financial incentive to negotiate your price down. Their incentive is to get you to the closing table as fast as possible, at whatever price gets the deal done.
This isn't about bad people. It's about a broken structure. When the person advising you has a financial stake in the outcome, the advice is never truly neutral.
Buyer's Agent
Their incentive
You pay MORE
Your interest
You pay LESS
⚠️ Conflict of interest
Riley (Homey AI)
Their incentive
You get BEST outcome
Your interest
You get BEST outcome
✓ Fully aligned
The Solution
We didn't tweak the old model. We replaced it.
Every fee, every cost, every step of the process is visible to you in real time. Your financial snapshot shows exactly where your money is going. No hidden commissions. No surprises at closing.
Homey charges buyers a flat $2,500 transaction fee, drops to $0 with 2+ qualifying vendors. No percentage of the home price, ever.
For every qualifying vendor you hire through Homey (photographer, stager, mover, cleaner, contractor, landscaper), your buyer fee drops by $1,250. Hire two or more and it's completely waived. You get great service AND pay nothing.
Search homes, submit offers, negotiate, schedule inspections, hire professionals, sign contracts, track your money, and close, all in one platform.
Most platforms leave you to figure it out. Homey gives you Riley, an AI expert available 24/7. And if you ever want a human, our live broker support connects you with a licensed professional.
Homey includes built-in wire fraud protection. We alert you when closing approaches, walk you through wire verification step-by-step, and help protect your money at the most vulnerable point in the transaction.
Buyer Fee: How It Drops to $0
$2,500
0 qualifying
$1,250
1 qualifying
$0 🎉
2+ qualifying
The Math
Move the slider to see how much you could save with Homey.
Traditional Model
Homey
Your potential savings with Homey
$4,165
On the median U.S. home ($410,000), Homey can save you up to $20,050 compared to traditional commissions.
Trust & Safety
Homey doesn't earn a commission on your sale price. We have no incentive to push you toward a higher price or a faster close. Our revenue comes from vendor subscriptions, meaning we succeed when our vendors provide great service, not when you overpay.
Every vendor on our marketplace is vetted. Every review is from a real Homey user. And Riley's advice is never influenced by who pays us. When Riley suggests a vendor, it's because they're a good fit. Full stop.
Buyer Fee Questions
Buyers: $2,500 flat, drops to $0 with 2+ qualifying vendors. When you buy and sell through Homey, both fees are $0.
With Homey your only cost is a flat $2,500, and it drops to zero when you book two pros through Homey, like your mover and cleaner. A licensed HomeyPro reviews every offer before it goes out.
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