Traditional realtors typically charge a 5% to 6% commission, which can result in significant expenses for sellers. However, low commission real estate agents provide a more affordable alternative, charging only 1% to 2% of the home sale price. By finding low commission agents near you, you can save money and ensure cost-effective transactions for selling your property.
Key Takeaways
- Low commission real estate agents offer a cost-effective alternative to traditional realtors.
- By charging a lower commission, these agents can help sellers save money on transaction expenses.
- Locating low commission agents nearby ensures convenience and accessibility.
- Choosing a low commission agent can lead to cost-effective transactions and maximize your profit.
- Research and evaluation are essential when selecting the right low commission agent for your needs.
Next, let’s explore the benefits of low commission real estate agents in more detail.
The Benefits of Low Commission Real Estate Agents
Low commission real estate agents offer several benefits, including cost savings. By charging a lower commission, these agents help sellers keep more of their profits from the sale. They provide an affordable option for homeowners looking to minimize their expenses without sacrificing the quality of service. With the assistance of low commission agents, sellers can achieve their goals of selling their property while saving money.
One of the primary advantages of working with low commission agents is the opportunity for significant cost savings. Traditional real estate agents typically charge a commission ranging from 5% to 6%, which can amount to a substantial expense for sellers. In contrast, low commission agents charge only 1% to 2% of the home sale price as their commission. This difference can result in thousands of dollars in savings for sellers.
Low commission agents provide an affordable alternative without compromising on the quality of service. Sellers can benefit from cost savings while still receiving professional guidance and support throughout the selling process. They can enjoy the advantages of working with experienced real estate professionals who understand the local market and can assist with pricing, marketing, negotiations, and contract management.
It’s important to note that opting for a low commission agent does not mean sacrificing the level of service. Many low commission agents offer a comprehensive range of services that are comparable to those provided by traditional agents. They can help with tasks such as property valuation, listing creation, marketing, and coordinating showings. Additionally, they provide guidance and assistance during the negotiation and contract finalization stages of the transaction.
Low commission agents enable sellers to achieve their goals of selling their property while saving money. The cost savings realized from working with these agents can be utilized for various purposes, such as covering moving expenses, making home improvements, or even contributing to the purchase of a new property.
Testimonial:
“Working with a low commission agent was a game-changer for me. I saved a significant amount of money on the commission, which allowed me to have more funds available for my next home purchase. The service and support I received exceeded my expectations, and I highly recommend considering a low commission agent for anyone selling their property.”
– Amy Thompson, satisfied seller
Choosing a low commission agent provides sellers with the opportunity to maximize their profits and make their real estate transactions more financially favorable. With the combination of cost savings and quality service, low commission agents offer a compelling option for homeowners looking to sell their properties without breaking the bank.
| Benefits of Low Commission Real Estate Agents | Traditional Real Estate Agents |
|---|---|
| Cost savings | 5% to 6% commission |
| Quality service | Comprehensive guidance and support |
| Comparable services | Property valuation, listing creation, marketing, negotiations, and contract management |
| Flexibility with funds | Utilize savings for moving expenses, home improvements, or new property purchase |
Top Low Commission Real Estate Agents Ranked
We have reviewed and ranked the top low commission real estate agents in your area. These agents have been evaluated based on their cost-effectiveness, customer support, and technology. By choosing one of these agents, you can ensure that you are working with a reputable and reliable professional who will provide quality service at a lower commission rate.
Houzeo – America’s #1 Flat Fee MLS Service
When it comes to listing your home and saving on commission fees, Houzeo is the top choice. As America’s #1 Flat Fee MLS service, Houzeo offers homeowners the lowest commission rates available. With maximum savings, 5-star customer support, and cutting-edge technology, they make the selling process streamlined and hassle-free.
No need to worry about high commission rates eating into your profits. With Houzeo, you can keep more money in your pocket while still receiving exceptional service. Their flat fee MLS service allows you to list your home on multiple platforms, reaching a wider audience of potential buyers. This increased exposure can lead to a quicker sale and a higher selling price.
Houzeo offers different packages to suit your specific needs. Whether you choose the Bronze, Silver, Gold, or Platinum package, you’ll receive the level of assistance required to sell your home successfully. Each package comes with its own set of features and benefits, ensuring you get the best value for your money.
Here’s a breakdown of the different packages offered by Houzeo:
| Package | Features |
|---|---|
| Bronze | Basic MLS listing |
| Silver | MLS listing with additional marketing tools |
| Gold | MLS listing, professional photos, virtual tour, and social media promotion |
| Platinum | MLS listing, professional photos, virtual tour, social media promotion, and a yard sign |
As you can see, Houzeo offers a range of services to help you sell your home effectively. With their flat fee MLS service and lowest commission rates, you can save money and maximize your profits. And with their exceptional customer support and advanced technology, you can feel confident that you’re in capable hands.
Don’t miss out on the opportunity to work with America’s top-ranked Flat Fee MLS service. Choose Houzeo for a cost-effective and efficient selling experience.
With Houzeo, you can list your home at the lowest commission rates and get the exposure you need to attract buyers. Their commitment to excellence and technological innovation sets them apart from the competition. Take advantage of their services and start selling your home today.
SimpleShowing – Tech-Powered Affordable Real Estate Brokerage
SimpleShowing is a tech-powered affordable real estate brokerage that offers low-cost, hassle-free services to home buyers and sellers. With a 1% commission, they provide home valuation, professional photography, syndication of listings, negotiations, and paperwork. They also offer free property reports, a user-friendly website, and a mobile app for easy scheduling of showings. SimpleShowing is a budget-friendly option for those looking to save on commission fees.
Why Choose SimpleShowing?
- Low Commission: With a 1% commission, SimpleShowing offers affordable brokerage services, allowing sellers to keep more of their profits.
- Hassle-Free Experience: SimpleShowing takes care of the entire selling process, from home valuation to negotiations, making it convenient for sellers.
- Advanced Technology: SimpleShowing utilizes cutting-edge technology to streamline the selling process, ensuring efficiency and effectiveness.
- Free Property Reports: SimpleShowing provides free property reports, enabling sellers to gain valuable insights into their local market.
- User-Friendly Website and Mobile App: SimpleShowing offers a user-friendly website and mobile app, making it easy for sellers to schedule showings and manage their listings.
“SimpleShowing provides a cost-effective solution for sellers, offering quality services at a low commission rate.”
Comparing Commission Rates
Here’s a comparison of SimpleShowing’s commission rate with other real estate brokerages:
| Real Estate Brokerage | Commission Rate |
|---|---|
| SimpleShowing | 1% |
| Traditional Brokerage A | 5% |
| Traditional Brokerage B | 6% |
As seen in the table above, SimpleShowing offers significantly lower commission rates compared to traditional brokerages. This allows sellers to save a substantial amount of money during the selling process.
Ideal Agent – Referral Service for Low Commission Agents
When it comes to selling or buying a property, finding the right real estate agent can make a significant difference in the success of your transaction. With Ideal Agent, you can connect with licensed agents who offer low commission rates, ensuring a cost-effective and efficient process.
As an agent matching service, Ideal Agent has built a vast network of brokers who specialize in low commission rates. These agents charge a competitive 2% commission for their full-service package, allowing you to save on traditional high fees. By working with Ideal Agent, you gain access to an extensive pool of qualified agents who are committed to providing exceptional service at a more affordable rate.
One of the key advantages of Ideal Agent is their ability to negotiate commission rates upfront. They understand the importance of transparency and work closely with agents to ensure you receive the best possible deal. Their dedicated concierge service will guide you through the entire process, answering any questions and providing valuable support along the way.
It’s important to note that in addition to the agent’s commission, Ideal Agent charges a referral fee. While this may increase the overall cost of the transaction, the convenience and peace of mind that come with finding a reliable low commission agent make it a worthwhile investment.
“Ideal Agent made it incredibly easy for me to find an agent who offered a low commission rate. The concierge service was fantastic and helped me navigate the entire process. I highly recommend their services to anyone looking to save on commission fees.”
-Sarah Johnson, Satisfied Ideal Agent User
By leveraging Ideal Agent’s agent matching service, you can take advantage of their extensive network and find a licensed real estate agent who offers a competitive 2% commission. With their transparent negotiation process and dedicated concierge support, Ideal Agent simplifies the search for a low commission agent, ensuring a smooth and cost-effective experience.
Reasons to Choose Ideal Agent:
- Access to a large network of low commission agents
- Upfront negotiation of commission rates
- Dedicated concierge service for personalized support
- Efficient and cost-effective way to find a licensed agent
| Pros | Cons |
|---|---|
| Wide selection of low commission agents | Referral fee increases overall cost |
| Transparent negotiation process | Some agents may not be available in all areas |
| Dedicated concierge support |
Redfin – Discount Real Estate Brokerage with Advanced Technology
Redfin is a discount real estate brokerage that stands out for its cutting-edge technology and advanced online platform. With a strong presence in over 80 markets across the United States, Redfin offers a cost-effective option for sellers looking to minimize their expenses while still receiving professional assistance throughout the selling process.
Redfin’s innovative tech platform and mobile app provide users with instant access to a wealth of real estate information, making it easier than ever to search for properties, track market trends, and connect with knowledgeable agents. This advanced technology empowers sellers to make informed decisions and stay ahead of the competition.
When you choose Redfin as your discount brokerage, you can benefit from their competitive 1% listing fee when you both buy and sell through them. This discounted commission rate allows you to save significantly on selling costs, putting more money back in your pocket.
Redfin’s full-service agents are dedicated to providing top-notch service and support throughout the entire selling process. They offer premium placement on the Redfin platform, ensuring maximum exposure for your listing. Additionally, professional photos and 3D walkthroughs help showcase your property and attract potential buyers.
| Redfin Features | Benefits |
|---|---|
| 1% listing fee | Significant cost savings compared to traditional commissions |
| Advanced tech platform and mobile app | Access to real-time market data and personalized insights |
| Full-service agents | Expert guidance and support throughout the selling process |
| Premium placement on Redfin | Increased visibility and exposure for your listing |
| Professional photos and 3D walkthroughs | Engaging visuals to attract potential buyers |
While Redfin offers many advantages, it’s important to note that they have some limitations. Customer reviews are mixed, highlighting both positive and negative experiences. Additionally, Redfin’s agent selection may be limited in some areas, which could impact your options when choosing a local representative.
Despite these limitations, Redfin’s nationwide coverage, advanced technology, and discounted commission make them a viable option for sellers looking for a cost-effective and convenient real estate experience.
Houwzer – Discount Real Estate Brokerage with Salaried Agents
In the realm of low commission real estate agents, Houwzer stands out as a discount brokerage offering a unique approach to buying and selling properties. Unlike traditional commission-based agents, Houwzer utilizes salaried agents, ensuring that their focus is solely on providing exceptional service to clients without the pressure of earning a higher commission.
Houwzer offers a competitive 1% commission rate, significantly lower than the industry average. This allows homeowners to save a considerable amount of money on commission fees while still receiving a full range of services for selling their homes.
Their full-service package includes a comprehensive suite of features such as 25 professional photos, a virtual tour, listing on the Multiple Listing Service (MLS), and geo-targeted mailers. These tools are designed to attract potential buyers and maximize exposure for your property, increasing the chances of a successful sale.
While Houwzer’s services are undoubtedly cost-effective, it’s important to note that they may have some limitations. Limited coverage in certain areas and a potential lack of personalized support are factors to consider when choosing a discount brokerage like Houwzer. However, if you’re looking for a budget-friendly option that still provides professional assistance, their lower commission rate and comprehensive service package make them a compelling choice.
In a market where every penny counts, Houwzer’s discount real estate brokerage with salaried agents offers homeowners the opportunity to save money without compromising on the quality of service. By leveraging their expertise and cost-effective approach, you can navigate the selling process smoothly and maximize your financial returns.
| Brokerage | Commission Rate | Additional Services | Geographical Coverage |
|---|---|---|---|
| Houwzer | 1% | 25 professional photos, virtual tour, listing on MLS, geo-targeted mailers | Limited coverage in select areas |
| Redfin | 1% | Full-service agents, premium placement on Redfin, professional photos, 3D walkthrough | Nationwide, covering 80+ markets |
| Houzeo | Varies by package | Flat fee MLS listing, customer support, cutting-edge technology | Nationwide coverage |
| SimpleShowing | 1% | Home valuation, professional photography, listing syndication, negotiations, paperwork | Available in select states |
Factors to Consider When Choosing a Low Commission Agent
When it comes to selecting a low commission real estate agent, there are several important factors to take into consideration. While cost savings are undoubtedly a priority, it’s crucial to strike the right balance between affordability and the level of service provided. By carefully evaluating these considerations, you can make an informed decision and ensure a successful selling process.
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- Expertise and Local Market Knowledge:
Consider the agent’s expertise and experience in your specific local market. A knowledgeable agent who understands the unique dynamics of your area can provide invaluable insights and guidance throughout the selling process.
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- Availability and Responsiveness:
Assess the agent’s availability and responsiveness. Selling a property requires timely communication and prompt action. Look for an agent who is accessible and committed to keeping you informed every step of the way.
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- Track Record of Successful Sales:
Evaluate the agent’s track record of successful sales. A proven history of achieving desirable outcomes for sellers is an indicator of an agent’s competence and ability to deliver results.
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- Commission Rate:
Find an agent who offers a reasonable commission rate while still delivering the necessary support and guidance. While low commission agents can save you money, be cautious of extremely low rates that may compromise the level of service provided.
“Choosing a low commission agent requires careful consideration. It’s important to strike a balance between cost and service, ensuring you find an agent who can provide the necessary expertise, responsiveness, and proven track record while offering an affordable commission rate.”
By taking these factors into account, you can confidently select a low commission agent who meets your needs and ensures a smooth and cost-effective selling process.
| Factors to Consider | Description |
|---|---|
| Expertise and Local Market Knowledge | An agent’s understanding of the local real estate market can provide valuable insights and guidance. |
| Availability and Responsiveness | Assess an agent’s accessibility and commitment to timely communication throughout the selling process. |
| Track Record of Successful Sales | Evaluate an agent’s history of achieving desirable outcomes for sellers. |
| Commission Rate | Find an agent who offers a reasonable commission rate while providing the necessary support and guidance. |
Choosing the right low commission agent is a crucial decision that can significantly impact your selling experience. Carefully consider these factors to ensure a successful and cost-effective transaction.
Alternatives to Low Commission Agents
If low commission agents are not the right fit for your needs, there are alternative options to consider. By exploring these alternatives, you can find a selling strategy that aligns with your goals and preferences. Here are two alternatives to low commission agents:
- Negotiating Commission Rates with Traditional Agents: Negotiating the commission rates with traditional agents can often lead to cost savings. While the standard commission rate may be 5% to 6%, discussing and bargaining the rate with the agent can potentially lower it. This negotiation can be done by demonstrating your knowledge of market conditions, comparable sales, and the demands of the selling process. By employing your negotiation skills, you can find a mutually beneficial agreement that reduces the commission while still receiving the support of an experienced agent.
- FSBO (For Sale By Owner) Listings: For those who are confident in their ability to sell their home independently, FSBO listings provide an alternative to using a real estate agent. With FSBO, you take on the role of the agent by marketing, showing, and negotiating the sale of your property. This approach eliminates the need for a traditional agent, allowing you to save on commission fees. However, it’s crucial to consider the challenges and responsibilities that come with FSBO, such as pricing the property accurately, handling legal paperwork, and navigating the negotiation process yourself. By making an informed decision based on your knowledge, resources, and available time, you can determine if FSBO is the right choice for you.
Both negotiating commission rates and FSBO require careful consideration of the pros and cons. Ultimately, the decision should be based on your comfort level, knowledge of the real estate market, and overall objectives. Whether you choose to negotiate with a traditional agent or pursue an FSBO listing, the aim is to achieve a successful and financially advantageous sale.
Quick Comparison
| Negotiating Commission Rates | FSBO Listings |
|---|---|
| Can lead to cost savings by reducing commission rates. | Eliminates the need for a real estate agent and saves on commission fees. |
| Requires negotiation skills and market knowledge. | Requires substantial knowledge of the real estate market and selling process. |
| Provides the support and guidance of an experienced agent. | Requires taking on the responsibilities of marketing, showing, and negotiating the sale independently. |
| May have limitations in the level of flexibility regarding commission rates. | Requires careful consideration of pricing, legal paperwork, and negotiations. |
Tips for Maximizing Profit When Selling Your Home
To maximize profit when selling your home, it’s important to take strategic steps to ensure you get the highest possible sale price. Here are some essential tips to keep in mind:
- Prepare Your Home: Before listing your home, make sure it is in its best possible condition. Complete any necessary repairs or updates to improve its appeal and value.
- Stage Your Home: Create a welcoming and aesthetically pleasing environment for potential buyers. Consider decluttering, rearranging furniture, and adding tasteful decorations to highlight your home’s best features.
- Price Strategically: Research market conditions and comparable sales to set a competitive and realistic price for your home. Avoid overpricing as it can deter potential buyers.
- Market Effectively: Utilize both online and offline marketing strategies to reach a wider audience. Showcase professional photos of your home, highlight its unique selling points, and utilize social media platforms to generate interest.
- Work with a Knowledgeable Agent: Consider partnering with a knowledgeable and experienced real estate agent who can provide valuable guidance throughout the selling process. They can help you navigate negotiations, market dynamics, and maximize your profit.
By following these tips, you’ll be well on your way to maximizing profit when selling your home.
The Importance of Research and Evaluation
When it comes to selecting a low commission real estate agent, proper research and evaluation are crucial. Taking the time to gather information and make informed decisions can significantly impact the success of your home selling journey. Research and evaluation encompass various aspects, from reading customer reviews to considering an agent’s experience and track record. By following these steps, you’ll be better equipped to find the right agent who can help you achieve your goals.
Read Customer Reviews and Feedback
One essential step in your research process is to read customer reviews and feedback about potential low commission agents. This valuable insight can provide you with a sense of an agent’s reputation and the level of service they offer. Look for patterns in the feedback, paying attention to both positive and negative experiences shared by previous clients. These reviews can give you a clearer picture of what to expect when working with a particular agent.
Consider Experience in Your Local Market
Experience matters when it comes to selling real estate. Look for agents who have extensive experience in your local market. They will have a better understanding of the area’s pricing trends, buyer preferences, and effective marketing strategies. An agent with local expertise can provide valuable guidance throughout the selling process and ensure that you’re positioned for success in your specific market.
Evaluate Success in Past Sales
An agent’s past sales performance is an essential factor to consider. Look for agents who have a track record of successful sales in your area. This information can demonstrate their ability to negotiate deals, attract buyers, and close transactions effectively. When evaluating an agent’s success, consider factors such as the average time it takes for their listings to sell and the percentage of the listing price they typically achieve.
Interview Multiple Agents and Ask for References
Don’t be afraid to interview multiple low commission agents before making a decision. Each agent has a unique approach, and it’s crucial to find someone who aligns with your needs and preferences. During the interview process, ask about their marketing strategies, their availability to answer questions, and their communication style. Additionally, ask for references from previous clients. Talking to past clients can provide valuable insights into an agent’s professionalism, effectiveness, and dedication to their clients.
By thoroughly researching and evaluating potential low commission agents, you can make an informed decision and select the right agent to help you sell your home. Remember, this process plays a significant role in your overall experience and the success of your home sale.
Conclusion
Low commission real estate agents offer a cost-effective solution for sellers looking to maximize their profit while still receiving top-quality service. By exploring the options available, conducting thorough research, and negotiating where possible, homeowners can optimize their transactions and achieve their financial goals. Whether you choose to work with a low commission agent, negotiate with a traditional agent, or explore alternative selling methods, the ultimate aim is to secure a successful and financially advantageous home sale.
When considering low commission agents, it’s important to balance the potential cost savings with the level of service provided. Conducting thorough research, reading customer reviews, and interviewing multiple agents can help you find a reputable and reliable professional who will guide you through the selling process. This ensures that you receive the necessary support and expertise while keeping commission fees low.
By maximizing profit when selling your home, you can make the most of your investment. Take the time to properly prepare your home for sale, considering repairs, updates, staging, and strategic pricing. Working with a knowledgeable and experienced real estate agent can also make a significant difference in negotiating and achieving the highest possible sale price. Ultimately, by carefully selecting the right agent, conducting thorough research, and implementing effective selling strategies, you can create a cost-effective and financially rewarding transaction.
FAQ
What are low commission real estate agents?
Low commission real estate agents are professionals who charge lower commission rates compared to traditional realtors. They offer cost-effective options for sellers, allowing them to save money on commission fees while still receiving quality service.
How much commission do low commission agents typically charge?
Low commission agents usually charge between 1% to 2% of the home sale price, which is significantly lower than the 5% to 6% commission charged by traditional realtors. This reduced commission rate helps sellers keep more of their profits.
What are the benefits of working with low commission real estate agents?
Low commission real estate agents provide several benefits, including cost savings. By charging lower commission rates, they help sellers maximize their profits from the sale. Additionally, they offer affordable options for homeowners looking to minimize their expenses without sacrificing the quality of service.
How are the top low commission real estate agents ranked?
The top low commission real estate agents are ranked based on their cost-effectiveness, customer support, and technology. These rankings provide you with valuable information when choosing an agent, ensuring you work with a reputable and reliable professional who offers quality service at a lower commission rate.
Who is Houzeo?
Houzeo is America’s top-ranked Flat Fee MLS service. They offer homeowners the lowest commission rates for listing their homes. With packages ranging from Bronze to Platinum, homeowners can choose the level of assistance they need at an affordable price. Houzeo provides maximum savings, 5-star customer support, and cutting-edge technology to streamline the selling process.
What services does SimpleShowing provide?
SimpleShowing is a tech-powered affordable real estate brokerage that offers low-cost, hassle-free services to home buyers and sellers. With a 1% commission, they provide home valuation, professional photography, syndication of listings, negotiations, and paperwork. SimpleShowing also offers free property reports, a user-friendly website, and a mobile app for easy scheduling of showings.
What is Ideal Agent?
Ideal Agent is an agent matching service that connects sellers and buyers with licensed real estate agents. They work with a large network of brokers who charge a 2% commission for their full-service package. Ideal Agent negotiates commission rates in advance and provides a dedicated concierge to guide sellers through the transaction process. While they charge an additional referral fee, Ideal Agent offers the convenience of finding a low commission agent in your locality.
What is Redfin known for?
Redfin is a discount real estate brokerage known for its advanced tech platform and mobile app. They cover 80+ markets in the US and offer a 1% listing fee when you buy and sell through them. With full-service agents, premium placement on Redfin, professional photos, and a 3D walkthrough, Redfin provides a cost-effective option for sellers.
How does Houwzer work?
Houwzer is a discount real estate brokerage that uses salaried agents instead of traditional commission-based agents. With a 1% commission, they provide 25 professional photos, a virtual tour, listing on MLS, and geo-targeted mailers in their full-service package. While there may be limitations, such as limited coverage and lack of personalized support, Houwzer offers a cost-effective way to sell a home with a lower commission rate.
What factors should I consider when choosing a low commission agent?
When choosing a low commission real estate agent, consider factors such as their expertise and experience in your local market, their availability, and their track record of successful sales. It’s important to find an agent who offers a reasonable commission rate while still providing the necessary support and guidance throughout the selling process.
What are the alternatives to low commission agents?
If low commission agents are not the right fit for your needs, you can consider negotiating commission rates with traditional agents to save on fees. For those confident in their ability to sell independently, FSBO (For Sale By Owner) listings eliminate the need for an agent altogether. It’s important to weigh the pros and cons of each alternative and choose the approach that aligns best with your goals and preferences.
How can I maximize profit when selling my home?
To maximize profit when selling your home, ensure it is in its best condition by completing any necessary repairs or updates. Stage your home to make it more appealing to potential buyers. Price your home strategically based on market conditions and comparable sales. Lastly, consider working with a knowledgeable and experienced real estate agent who can provide guidance and negotiate on your behalf to achieve the highest possible sale price.
Why is research and evaluation important when selecting an agent?
Researching and evaluating low commission real estate agents is crucial to find the right fit for your needs. Read customer reviews and feedback to gauge their reputation and level of service. Look for agents with experience in your local market and examine their track record of successful sales. By conducting thorough research and evaluating your options, you can make an informed decision and find an agent who will meet your needs.
Why are low commission real estate agents a cost-effective option?
Low commission real estate agents are a cost-effective option because they charge lower commission rates compared to traditional realtors. By choosing a low commission agent, you can save money on commission fees while still receiving quality service. This allows sellers to maximize their profits and have more control over their expenses throughout the transaction.
