If you have a seller that is looking to sell their home and prefers to have a quick closing, cash offer, then an instant buyer (I-Buyer) might be just what they are looking for. There are no headaches of listing and showing their home to potential buyers. Yes, they could usually make more by selling their home on the open market, but the convenience of working with an I-Buyer is very appealing to some sellers. Plus, they pay out great commissions for very little work. Your split with Park Place on these transactions are 75/25%, get more details on this split.

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The I-Buyer world has changed quite a bit over the last few years (Zillow Offers closed down in 2021 and RedfinNow closed in 2022), so below is an updated list of the companies that are actively making cash offers today, what they pay, and how to reach them. Some of them publish an agent referral fee and some don't, which we have noted for each one so you know what you are walking into before you talk to your seller.

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A Few Things to Know Before You Submit a Referral

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You are referring the seller, you are not representing them. Park Place agents do not list, show, or negotiate, so when you register one of these with an I-Buyer you are entering it as a referral through Park Place Realty Network and the receiving company handles the transaction from there. The referral fee is paid broker to broker to Park Place, and then we pay you your split.

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Register the referral before your seller reaches out to the company on their own. Almost every one of these programs requires the agent to be registered before the seller requests an offer or signs a purchase agreement, and if the seller gets there first, the fee is usually gone.

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Get the fee in writing. Referral fee amounts change and some of them vary market to market, so before you submit, confirm by email with the company what they are going to pay and forward that to us at admin@parkplacenetwork.com so we have it on file. If you are not sure whether a company qualifies, just call or email us first and we will look into it for you.

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I-Buyers With a Published Agent Referral Fee

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Offerpad

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Offerpad will pay out a full 3% (of the total purchase price) referral fee through their Agent Partnership Program if you have a seller that is looking to sell, and there is no membership or sign-up fee to participate. That is the highest published referral fee of any of the I-Buyers. You can view all of the markets that they are able to make an offer in here on their website. If you have a potential seller for them, you would need to talk with your seller to get all of the details and they would also need to provide you with 20 photos of their home. You can then take this data and input yourself as an agent with Park Place Realty Network and all the details here on their website. You can also reach them at 844-388-4539 or info@offerpad.com.

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Opendoor

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Opendoor is the other large I-Buyer and they are still actively buying homes. They don't pay out as much as Offerpad as they pay a 1% referral fee, though they have been running higher agent commission rates in certain markets and for agents who do volume with them, so it is worth asking. You can submit your referrals to Opendoor here on their website. Opendoor does not publish the markets that they are currently in as it varies. You would want to contact them directly at 888-352-7075 or support@opendoor.com to confirm before you promise your seller anything. Keep in mind they generally will not pay a referral fee if there was already an Opendoor offer request on that property within the last 180 days, which is another reason to register the referral before your seller goes to their website.

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Sundae

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Sundae is a marketplace instead of a single buyer, so your seller's home gets put in front of a large network of investors who bid on it, which often nets the seller more than one flat cash offer would. Their referral network is free to join and pays 25% to 30% of Sundae's gross commission (their commission can run up to 8% of the transaction), paid within a few days of closing. Because their fee is a percentage of their commission and not the purchase price, make sure you get the actual number in writing before you submit. You can sign up at referral.sundae.com or reach them at 800-214-4426 or info@sundae.com.

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Large Cash Buyers Where the Referral Fee Is Set Locally

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These are the biggest names in the cash offer business, but they are franchise or licensee networks, which means there is no single national referral fee. The local office sets it. Call the office covering your seller's area, ask whether they pay a referral fee to a licensed agent's broker and how much, and get the answer in writing before you submit anything.

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HomeVestors / We Buy Ugly Houses

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The largest cash home buying network in the country with over 1,100 independently owned franchises across 47 states and Washington D.C., and more than 140,000 homes purchased since 1996. You can find the franchise covering your seller's market at homevestors.com or webuyuglyhouses.com.

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We Buy Houses

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Not every company using the phrase "we buy houses" is connected to this one, so make sure your seller is dealing with the actual brand at webuyhouses.com. Their buyers are independent licensees who each set their own terms.

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HomeGo

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HomeGo makes same-day cash offers with flexible closing dates and currently buys in 21 states with over 30 offices around the country. You can reach them at homego.com.

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Express Homebuyers

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A national cash buyer that has been BBB accredited since 2004 with an A+ rating. expresshomebuyers.com

 

 

MarketPro Homebuyers

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MarketPro buys in the Mid-Atlantic along with Georgia and Florida, and they are known for a white glove service that includes clean-out, packing, and moving help, which can be a real selling point for an older seller. marketprohomebuyers.com

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Cash Offer Marketplaces (One Submission, Several Offers)

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These platforms take your seller's information one time and shop it to multiple I-Buyers and investors at once, which is useful when your seller is in a market that Offerpad and Opendoor are not currently buying in. Confirm the referral fee with each one directly, in writing, before you submit.

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Orchard Offers

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Orchard runs a cash offer marketplace that pulls offers from Opendoor, Offerpad, Homeward, and hundreds of local investors in their private investor network. orchard.com

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iBuyer.com

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An online marketplace founded in 2019 that matches sellers with cash buyers across a number of U.S. markets. ibuyer.com

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Houzeo Cash Offers

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Houzeo lets a seller compare several cash offers side by side and, if they don't like any of them, take the home to the open market instead. houzeo.com

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HomeLight Simple Sale

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HomeLight Simple Sale gets a cash offer from their investor network, usually within a few days. One word of caution here. HomeLight's business model normally runs the other direction, where the agent pays HomeLight a referral fee out of their commission rather than HomeLight paying one out. Before you submit anything to them, confirm in writing that they will pay a referral fee out to Park Place. homelight.com

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Buy Before You Sell and Cash Offer Programs

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These companies make a cash offer or a bridge cash offer so your seller can buy their next home before selling the current one. They are worth knowing about, but read this part carefully. Almost all of them pay the agent by having that agent represent the client and list the home, and Park Place agents cannot list or represent. So these only work for you if the company will agree to pay a straight referral fee to Park Place instead of putting you on the transaction. Some of them will. Ask, and if they say yes, get it in writing and send it to us.

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Homeward

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Homeward makes a cash offer on behalf of the buyer so they can compete without a financing contingency, and they also buy homes directly. Every one of their transactions comes in through an agent. homeward.com/for-agents

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Knock

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Knock's Home Swap uses a bridge loan so the seller can buy first and sell after, and their fees tend to run lower than the others in this category. knock.com

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Ribbon Home

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Ribbon was acquired out of the EasyKnock shutdown by Hurst Lending in 2025 and relaunched as a lender backed cash offer service. ribbonhome.com

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Flyhomes

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Flyhomes offers a cash offer and buy before you sell program in a number of major metros. flyhomes.com

 

 

Orchard Move First

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Orchard's Move First program lets the seller unlock a portion of their equity up front to buy the next home, then lists the old one. orchard.com

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Companies That Are No Longer Buying

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If your seller brings one of these up, they are out of the business and you should steer the conversation to the companies above. Zillow Offers shut down its I-Buyer program in 2021. RedfinNow shut down in 2022. EasyKnock, the sale leaseback company, closed abruptly in December 2024. Divvy Homes wound down as well. There is no referral fee available from any of them.

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Local and Regional Cash Buyers

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There are many other I-Buyer and cash buyer companies available, but not as large as the ones listed above. You can always do a Google search, type in the city, state, and the word I-buyer or "we buy houses" to see what pulls up. Contact them directly to see if they are paying cash offers in that specific market and also double check that they will pay out a referral fee to a licensed agent's broker for referring them out a potential seller lead. If so, Park Place will split this referral fee with you as a 75/25% split, same as the companies above. A quick word of caution on the small local buyers, some of them are wholesalers who will tie the property up and assign the contract rather than actually close on it, so ask whether they buy with their own funds and whether they have ever failed to close.

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How to Place One of These Referrals

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Talk with your seller first and get the full picture, the property address, condition, what they owe, their timeline, and why they want a quick close, because that will tell you which of these companies is the right fit. Then confirm in writing with that company what referral fee they pay and that your market is one they are currently buying in.

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Register the referral with the company under your name as an agent of Park Place Realty Network, and forward us a copy of the registration and the referral fee confirmation at admin@parkplacenetwork.com. We will follow up monthly until it closes, and once the company pays the referral fee to Park Place, we pay you your split within 10 days by ACH directly to your bank account (we would just need a blank check with VOID written on it) or by check in the mail, whichever you prefer.

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Questions

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If you have any additional questions, or you are not sure whether a company you found qualifies, please email us at admin@parkplacenetwork.com or call us at 407-878-0607 x1 and we will be happy to help you sort it out.

Referral fee amounts, market coverage, and company programs change often. Please confirm the current terms in writing with each company before you present anything to a seller.