What Is A Flat Fee Real Estate Agent?
A flat fee real estate agent or flat fee realtor will list your home for a flat fee, which can save you up to 50% -of the traditional cost for a sell-side real estate agent.
There are several flat-fee real estate options you can choose from including, but not limited to, the following:
- Flat Fee Real Estate Brokerages: Real estate brokerages that specialize in flat-fee listings with limited service.
- Flat Fee Agents Providing Partial Service: Agents who simply list your home on the MLS with no additional service.
- Flat Fee, Full Service Agents: These agents provide the same service as they would in the traditional sense. Many of these agents will still run a traditional business, but will take flat fee listings on the side if they are referred from Clever.
Clever only works with agents that fit the full service, flat fee model. These agents generally work for name brand brokerages, and will provide the exact same full service to all their clients at a flat rate.
Here’s how Clever stacks up against the competition:
If you’re looking to list your home with a local, full service agent for a flat fee, Clever can help. Our partner agents provide full service that includes a Comparative Market Analysis (CMA), professional photos, marketing on the MLS and hundreds of other sites, showings and open houses, as well as everything you need to get through to closing.
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 for a flat fee.
Is there a difference between a flat fee real estate agent and a traditional agent?
Some 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.
It’s important to ask your agent exactly what services they will provide before you sign with any flat fee real estate agent or broker.
Because of the flat-fee, many agents will slash the services they provide to their clients. However, there are agents that use technology to streamline their process, work with more customers, and provide an outstanding service at the same rate no matter the price of the home. When it comes to selling your home, make sure to do your research so that you’re agent is providing you the most value possible.
The bottom line when comparing traditional agents versus Clever flat fee agents is savings:
How is Clever Different Than Other Flat Fee Real Estate Companies?
Clever partners with agents around the country that agree to list your home for a flat fee, in addition to their traditional business.
Our agents provide the exact same service that they provide to their traditional customers, and use their branding and yard sign when they list your home.
This means that potential buyers will have no idea that you saved on commissions listing your home, and won’t be able to use that information in their offer.
We believe that saving money on commissions is great, but only if you still receive the high-quality service and seamless experience that results from the traditional commission. To ensure that you will have a stress free sale, Clever is very careful about which agents we allow on our partner network.
Why Do Agents Work With Clever for a Flat Fee Commission?
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 an agent’s brand in their local market. Partner agents know that they will only receive clients from Clever if they maintain a high quality of service.
Clever looks for agents that are ranked in the top 5% of their local markets, and want to grow their business to reach the top 1% for the awards and recognition that comes with. These agents love that Clever provides them a constant stream of buyers and sellers ready to dive into real estate. Our agents care about their reputation, and know that happy clients are the #1 way to continue to grow their business.
What Services Do Clever’s Flat Fee Partner Agents Provide?
Our partner agents and realtors provide the following services:
- Comparative Market Analysis
- Professional price opinion
- Staging tips
- Professional photos
- Listing on the MLS, Trulia, Zillow, Realtor.com, and hundreds of other sites
- Help negotiating when an offer comes in
- Coordinate inspections
- Coordinate title
- Coordinate closing
- Help with any unexpected bumps along the road.
If this sounds like a full service listing, that’s because it is. Clever partner agents provide the exact same experience as a traditional agent, for a flat fee.
What are home sellers saying about Clever flat fee agents?
Clever Flat Fee Real Estate Agent FAQs
How Does Clever Charge Only $3,000 and Still Make Money?
Clever is able to charge a small flat fee and remain profitable because we’ve created a system that streamlines the process of connecting buyers and sellers of real estate with great agents. Our low rates allows us, and our agents, to achieve a significant volume while keeping costs down.
At Clever, we spend our time assisting potential sellers and buyers. When the time is right, we connect these individuals with our agents. This helps our partner agents by not having to focus on looking for new clients, which means they can spend more time helping you buy or sell a home.
Agents love working with Clever because it grows their business and gets more signs in yards. They also know that if they do a great job selling your home, there is a good chance that you will use them to buy your next home, where they will make more commission.
How Does the Flat Fee Listing Process Work?
The flat fee listing process works exactly the same way as a traditional listing. Your agent will be with you every step of the way to close doing everything they can to make your sale simple, stress-free, and netting you the most cash at closing as possible.
The process starts when Clever connects you to one of our partner agents, which you can interview by phone or in-person. Your agent will assess your home and provide a comparative market analysis (CMA) that let’s you know how your home compares to others in the area, and recommends a listing price.
If you decide to move forward, the process is the same as working with any other agent. Your agent will coordinate photos, marketing, showings, open houses, and everything you need to get through to closing.
The only difference – when you get to the closing table, you’ll save thousands on commission!
Does my Clever Partner Agent Provide a Lockbox and Sign in the Yard?
The short answer, yes. Your local agent will provide a lockbox and sign in the yard with their brokerage. This means that no one will know that you listed for a flat fee except you, your agent, and Clever.
Does a Flat Fee Listing Look Different Than a Traditional Listing?
Most flat-fee or fixed fee listings listings look different than usual, which means it’s obvious to most experienced real estate agents 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 to a normal traditional listing.
We believe that this makes a big difference in the sale price of your home. With other flat-fee brokerages, everyone can see that you’re saving thousands on commission. Buyers might attempt to work that into their offer. With Clever, they won’t find out until they see the settlement statement, and the deal is done.
Does a Clever Listing Include Photos?
Yes, your partner agent will take photos or hire a professional photographer. There is no limit on the number of photos your agent will take.
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.
We don’t charge anything upfront because we’re confident that our partner agents will do a great job getting your home sold!
Why are Flat Fee Agents Better Than For Sale By Owner?
According to the National Association of Realtors, only 8% of homes are sold For Sale By Owner, and those homes sold for an average of $50,000 less than homes sold through an agent.
Clever provides the savings on commission that encourages sellers to list FSBO, but offers the expert advice and service of a top rated agent that can help your home sell for more.
If you list with a Clever partner agent you will experience the benefits of both FSBO and a traditional agent. Now That’s Clever!
Are There Any Additional Fees?
Clever has no hidden fees. In addition to the fee paid you your Clever partner agent, you still need to offer the typical buyer fee. Your agent will recommend what that fee is.
Regardless of which company you list with, you will still need to pay closing costs. Usually closing costs are much lower for the seller than the buyer.
Occasionally your agent will recommend other repairs or improvements that will increase the value of your property before you sell.
Brian and Sarah are having a daughter and want to sell their small home to buy a larger one and raise their family. Money is tight, and they need all of the proceeds from the sale of their house to use as down payment on their new, bigger house.
They can’t afford to pay 6% to a real estate agent and be able to afford the home they need to raise a family.
Brian and Sarah begin looking at homes and aren’t sure what they will be able to afford, or which areas have the best school districts for their children.
John and Mary contact Clever Real Estate, and get connected to a local agent that lists their home for a flat $3,000 fee.
Their home sells, and the extra $7,000 they save on commission helps them fund their down payment for a new, larger home.
Their Clever Partner Agent also showed them which areas have the best school and are close to public transportation.
When buying their new home, their Clever Partner Agent also provided them a small commission rebate, which allowed them to buy points on their mortgage, made their new home more affordable, and helped them save money on their monthly mortgage payments.
- John and Mary are able to buy their dream home.
- They avoided high commissions and preserved their equity.
- John and Mary were able to afford a large home in a better school district for their new baby.
- They saved money on both selling the old house and buying their new home.
Joe bought a home at the peak of the real estate bubble in 2007 and is concerned that he is still underwater on his mortgage. Joe just took a new job in another state, is forced to sell his home so he can move to another state.
Joe doesn’t have the cash saved up to pay for the down payment on a new home or bring capital from the closing table when he sells his old one.
Joe is very concerned that the commission from selling his home will mean he can’t afford a similar home in his new town.
He begins to search for other ways to sell his home and save on commission.
While Joe is researching, he discovers Clever Real Estate, and decides to give it a shot. He gets connected to a fantastic local agent who visits his home, gives him a better idea of what his home is worth, and concludes how much he can expect to walk away with at close.
Joe likes what he hears and decides to list with a Clever partner agent.
Joe’s agent sells his home quickly, and the $9,000 he saved in commission actually provides a small profit at the closing table.
- 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 pay the down payment on his new home
How Can Clever Help Me Find a Flat Fee Agent?
Clever has local flat fee partner agents nationwide! To get connected with a full service, local agent that will list your home for a flat fee, fill out our simple form, or call us at 1-833-2-CLEVER.
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