What is a 1% commission realtor?

A 1% commission realtor is an agent or brokerage that will sell your house for 1% of the final sale price. In other words, if your home sells for $400,000, you would pay your realtor a $4,000 commission, not including the buyer's agent fee.

How can 1% commission agents charge such low rates?

Most 1% commission agents create savings by altering the traditional brokerage model in some way. For example, Clever partner agents are willing to provide full service for a lower commission because Clever sends them more business at no up-front cost. Other 1% commission brokers , like Redfin, create savings by using technology and a team-based service model so agents can handle a higher volume of customers.

How much can you save with a 1% commission realtor?

Working with a 1% commissioner realtor could mean saving thousands of dollars on your home sale. For example, if you sell your home for $500,000 at the typical 3% commission rate, you will pay $15,000 in commission fees alone. If you go with a 1% realtor instead, you’ll pay $5,000 — saving $10,000 on commission!

What are the top 1% commission real estate brands?

Clever Real Estate and Redfin are the best 1% commission real estate companies for most home sellers. Compared to other discount brands, Clever and Redfin offer the top overall combination of savings and service quality. Plus, they're available throughout the U.S., so you can save on commission no matter where you're selling.

Are 1% commission realtors worth it?

Yes, 1% commission realtors are a great option for home sellers looking to save money. We recommend working with a discount brand that offers the same level of service as a traditional brokerage. This gives you the best chance of finding a buyer quickly and selling your home for top dollar. See the full list of the top 1% commission companies.

What percentage do most realtors charge?

Traditionally, most realtors charge between 2.5–3% of the home's sale price. Sellers typically pay the listing agent's and the buyer's agent commission — so the total rate is usually 5–6%. Some realtors, like a 1 percent commission realtor, charge a lower listing fee. Learn more about the best 1 percent commission realtors near you.

Steve Nicastro

Managing Editor

Steve Nicastro is a Managing Editor at Clever Real Estate, the nation's leading real estate education platform for home buyers, sellers, and investors. Prior to joining Clever, Steve helped buyers and sellers navigate a challenging real estate market in Charleston, S.C., closing $6 million in transaction volume for 2020 and 2021.

Over his career, Steve has bought and sold over 30 homes with a total value exceeding $8 million. This includes 20 homes as a realtor, 7 as an investor, and 3 as a primary homeowner and for sale by owner (FSBO) seller. Steve successfully used a local flat fee MLS service to get the FSBO properties marketed online, saving on commission costs.

Steve also worked as a personal finance writer for NerdWallet for over 6 years. His work has been published at USA Today, The Associated Press, U.S. News, and the New York Times, among other online publications.

Expertise: Real estate commission, selling a house without a realtor, buying a home, real estate investing.

Education: Quinnipiac University

Credentials: Full-time, licensed real estate agent in the Charleston, S.C. market from 2019-22. Active real estate investor in North and South Carolina.

External interviews and quotes:

Yahoo Finance: Discussing the NAR settlement
US News: What the $2 Billion NAR Lawsuit Means for Homebuyers and Sellers
Consumer Affairs: Zillow Launches 1% Down Mortgage
The Mortgage Reports: Is an Assumable Home Loan Right for You? Q&A

Find more from Steve:

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