What Is A Discount Real Estate Agent?
A discount real estate agent is a real estate agent that will list your home for a discounted commission, saving you up to 50% of the traditional cost of selling a home.
There are several options you can choose from when you’re looking for a discount real estate agent. There are brokerages that specialize in discount listings, and there are other agents who will list your home but offer no additional service. Additionally, some real estate agents run a traditional business, but will also take a discount listing on the side if they are referred from Clever.
Clever partner agents still provide full service that includes professional photos, marketing on the MLS and hundreds of other sites, showings, open houses, and everything you need to get to closing. They understand that even though they are working at a discount, their business is growing due to the volume of Sellers Clever sends. Our partner agents also know that if they do a great job and receive good reviews, sellers are likely to use them to buy, where they make more commission.
If you’re looking to list your home with a local, full service agent for a flat fee of $3,000 for homes under $350,000, and 1% for more expensive homes, Clever can help. Call us at 1-833-2-CLEVER or complete our online form to get connected a top-rated local real estate agent that will list your home and let you save on commission.
Is there a difference between a discount real estate agent and a traditional agent?
Similar to traditional agents, discount real estate agents are either licensed agents or brokers. However, not all discount agents provide the same service that a traditional agent charges.
Some discount agents will simply list your house on the MLS, and won’t help you with marketing, pricing, photos, inspections, and other aspects of the transaction. Others will list your home and only provide limited service.
It’s important to ask your real estate agent exactly what services they will provide before you sign with any discount real estate agent or broker. If you choose to work with a Clever partner agent, you can rest assured that a top rated, local agent is going to provide full service.
How is Clever dfferent than other Discount Real Estate Companies?
Clever partners with agents around the country that agree to list your home for a discount, in addition to their traditional business.
They provide the exact same service that they provide to their traditional customers, including the use of their branding when listing your home, which means potential buyers will have no idea that you saved on commissions listing your home.
By not letting prospective buyer’s know that you listed your home for less, they won’t be able take that information into account and submit a low-ball offer.
Why do agents work with clever and discount their commissions?
One of the biggest costs for a real estate agent is marketing to find new customers. Agents that partner with Clever receive a constant stream of buyers and sellers, without having to spend time prospecting.
Working with Clever provides additional income, new connections, and increases their brand around town. Partner agents know that they will only receive clients from Clever if they maintain a high quality of service, and provide the exact same service that they would provide to their normal customers for this reason.
Clever looks to partner with agents in the top 5% in their local market, who want to make it into the top 1% for the recognition and awards that it brings. These agents understand the importance of their reputation, and provide the same great service to all of their clients, regardless of how much they paid in commission.
What Services Do Clever’s Partner Agents Provide?
Our partner agents provide a full suite of real estate services including, but not limited to, the following:
- Comparative Market Analysis
- Professional price opinion
- Provide staging tips and professional photos
- Listing on the MLS, Trulia, Zillow, Realtor.com, and many other real estate marketplaces
- Lead negotiations when an offer comes in
- Coordinate inspections, the title, escrow, and closing
- Offer advice every step of the way.
Sound like a full service listing? That’s because it is. Clever partner agents provide the exact same experience as a traditional agent, for a discount commission.
Clever Discount Real Estate Agent FAQs
How does Clever offer a discount commission and remain profitable?
Clever is able to offer a large discount and remain profitable because we’ve created a successful system that streamlines the process of buying and selling a home by connecting highly vetted, local agents with sellers and buyers.
Why do agents love working with Clever? Because they know that if they provide high-quality service that receives good reviews, we will send them a constant stream of business, so they never have to worry where their next deal is coming from.
How does the discount listing process work?
The discount listing process works exactly the same way as a traditional listing. Your agent will be with you every step of the way to close, and does everything to make your sale simple, stress-free, AND netting you some savings at close.
The process starts when you get connected with one of our partner agents. You can choose between a phone call or an in-person meeting. Your partner agent will provide a comparative market analysis (CMA), advise a list price for the home, and make recommendations for any repairs or upgrades that might increase the value of your home.
From there, your agent will be with you all the way through to closing, providing full service at every turn and saving you thousands at the closing table.
Does a discount real estate agent provide a lockbox and sign in the yard?
Yes. Your local agent will provide a lockbox and sign in the yard with their local brokerage. The only people who will know that you listed for a discount is you, your agent, and Clever.
Does a discount listing look different than traditional listing?
Most listings that aren’t led by a full service agent will look different, which makes buyer’s and their agents suspicious that you’re saving on seller commission. Clever is different.
Because we match you with a local real estate agent in your community that mostly does traditional listings, your listing will look identical other homes for sale in your market.
We believe that this is important. When prospective buyers know how much you’re saving on commission, they might factor that into their offer.
Does the listing include photos?
Yes, your partner agent will either take photos or hire a professional photographer. Some partner agents will even include a 3D home tour.
When is payment due?
With Clever, you only pay if your home sells. If your home doesn’t sell, you don’t owe us a dime.
Why is listing with an agent better than for sale by owner?
According to the National Association of Realtors, only 8% of homes sell For Sale By Owner. Of those, they sell for an average of $50,000 less than homes listing with an agent.
Clever allows you to receive the price increase that comes with a full service agent, while enjoying some of the savings on commission that comes from selling FSBO.
Are there any additional fees?
Clever has no hidden fees. In addition to the fee to your Clever partner agent, you still to pay a typical buyer fee that will be recommended by your agent.
Regardless of who you list with, you will still need to pay closing costs. Closing costs are usually substantially lower when you sell compared to when you buy.
Brian flips houses for his primary source of income. He’s got 3 homes completely remodeled and ready to be listed, yet high commission costs bring down the profits he can make on his houses.
Usually when Brian sells his homes, he’s used to paying 3% commission on the sell side and 3% on the buy side. But once he learns about Clever Real Estate, Brian gets a huge discount on all 3 homes and saves thousands. Not only that, but when he buys his next home to flip, by using Clever, he’ll get a rebate on commissions to help cover closing costs.
- Brian get’s to net more on the homes he flips
- When Brian buy’s with Clever, he saves even more on commissions
Joe bought a condo at the peak of the real estate bubble in 2007, and is concerned that his home is still worth less than he paid for it. Joe just took a new job in another state, and has to sell his home.
Joe has to buy a home in his new state, and doesn’t want to bring cash to the closing table in order to sell his new home. He needs that capital to renovate his new home and cover the down payment.
Joe is worried that paying commission to a real estate agent will be the difference between selling his home for a profit, and bringing cash to the closing table.
Money is tight and Joe begins to search for a new way to sell his home.
Joe finds Clever Real Estate and decides to give Clever a call. Joe gets connected with a local real estate agent that works for a discount.
Joe’s agent provides full service, and brings in a professional photographer that attracts tons of prospective buyers. His agent then helps him choose the best offer, and negotiate favorable terms.
Joe’s agent sells his home quickly, and the $9,000 he saved in commission is enough to provide a meager profit.
- Joe is able to buy a new home in another state
- Joe didn’t have to bring cash to the closing table
- Joe uses the profit from selling his home to help renovate his new home.
How can you help me find a discount real estate agent?
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