I'm not sure there is an exact definition of the term "discount broker". It might be hard to describe what a discount broker does or does not do for clients and customers. I think the term has become somewhat of a gray area. I mean if I advertise that I will take less than what I usually ask for on a listing, if the clients are going to turn around and use me to purchase a new home, does that make me a discounter? If I am willing to give past clients a lower commission rate than I would normally ask for, am I a discounter?

The agents/brokers that offer "full service" (another relative term) for listings at $399, can't be making any money. They have to be using that as an advertising ploy and then doing the old "bait and switch" . Somebody please tell me how this is helping the general public, sellers buyers, agents, brokers. I mean GM could built a no frills car and sell it for $5,000 but would it meet the safety requirements, gas mileage requirements, etc.