"Typically" what happens with a cut rate brokerage is that they throw it up on the MLS, but put the buy side commission out at a lower percentage (1%?) then is customary for the area. This means that agents WILL NOT show your home.
I was licensed for over 20 years, and I had to bring in a certain percentage commission to the brokerage on every transaction. Thus, if my "side" of a deal was less then the percentage that the broker required, I would have had to make up the difference from my own pocket. If the cut rate broker put the buy side out at 1% I would have walked away PAYING 1% from my own pocket to my brokerage to close that sale. Why would I show that listing when it will cost me money to sell it? Make certain you know what you are going to get from the reduced commission broker, and percentage they are putting out to buy side on MLS. At 1% or even 1.5% your house will not be shown. Real Estate commissions should not really "cost" you money as a good agent should be making up that percentage in the quality of the offer that they bring you. Keep in mind with today's interest rates and difficulties getting mortgages, and home/flood insurance as required by lenders, a quality deal is one that will close and is about a whole lot more then price alone. Get a good "quality" agent or you might get burned at the 11th hour by a deal that can't close.
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