Farmington: one flat $6,500 listing fee. Not 6%.
One flat fee, the whole job. A $400,000 Farmington sale runs about $24,695 in traditional commission and closing fees, versus about $16,795 with SHIFT - a $7,900 difference.
Buying in Farmington instead? SHIFT rebates 20% of the buyer-side commission back to you at closing.
The $6,500 is paid at closing, and only if the home sells. There is one additional cost: a $695 brokerage administration fee, also paid at closing - nearly every Minnesota brokerage charges one. Nothing else. The $400,000 example above is illustrative, not a market statistic, and assumes a 2.4% buyer-agent offer, which is the seller's choice and always negotiable. 282 closed sales, $4.3M+ saved for clients since 2020.
MN
Farmington
RECENTLY SOLD
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Address
Sold Date
Property Type
Configuration
Price
17031 Eastwood AVE #38, Farmington, MN 55024
Townhouse
2 Beds2 Baths1,518 SqFt
$ 260,000 $ 255,000 2.0%
Listed by Joshua Kirchert of LPT Realty, LLC
816 9th ST, Farmington, MN 55024
Townhouse
2 Beds2 Baths992 SqFt
$ 197,000 $ 190,000 3.7%
Listed by Scott MacDougall of LPT Realty, LLC
403 11th ST, Farmington, MN 55024
Single Family Home
3 Beds2 Baths1,584 SqFt
$ 370,000 $ 365,000 1.4%
Listed by Joshua Kirchert of LPT Realty, LLC
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