What Is A Low Commission Real Estate Agent?
A low-commission real estate agent is a real estate agent that will list your home for a reduced commission fee, 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 real estate agent that offers a reduced commission. There are low commission brokerages that only do discount listings, low-commission agents who just list your home and offer no additional service, and there are some agents that run a traditional business, but will also take a low-commission listing on the side if they are referred from Clever.
If you’re looking to list your home with a local, full-service agent for a flat fee of $3,000 for homes less than $350,000, and only 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 agent that will list your home for a low commission.
Our partner agents will still provide full service that includes professional photos, marketing on the MLS and hundreds of popular sites, showings, open houses, negotiations, and everything you need to get to closing.
Is there a difference between a low-commission agent and a traditional agent?
Low-commission real estate agents are licensed agents or brokers, just like their traditional counterparts. However, not all discount agents provide the same service that a traditional 6% agent charges.
Some low-commission agents will simply list your house on the MLS, and won’t help you with marketing, pricing, photos, inspections, and other aspects of the real estate process.
It’s important to ask your real estate agent exactly what services they will provide before you sign with any low-commission real estate agent or broker.
How is Clever Different than other Low-Commission Real Estate Companies?
Clever partners with agents around the country that agree to list your home for a reduced commission, in addition to their traditional business.
They 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.
Our partner agents are experienced, and already provide full service to their clients for their current real estate business, and will treat your home exactly the same as they treat the other properties they list.
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 for agents ranked in the top 5% in their area, that are looking for more business to reach the top 1%, and the recognition that comes with it. These agents take their reputation very seriously, and provide great service to all of their clients, regardless of commission, because they know that happy clients are the number one source of new business, and continued referrals from Clever.
What Services Do Clever’s Low-Commission Real Estate Agent Partners Provide?
Our partner agents 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
- Coordinating inspections
- Coordinating the title
- Coordinating 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 substantially lower commission.
Clever Low Commission Real Estate Agent FAQs
How is Clever able to charge such a small fee and still make money?
Clever is able to offer a low commission and remain profitable because we’ve created a successful system that streamlines the process, and provides a constant stream of sellers for our partner agents.
Offering a low commission allows us to achieve a significant volume, which keeps costs down. We spend all of our time finding sellers, so our partner agents can spend all of their time helping you buy or sell a home.
How does the low commission listing process work?
The Clever 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 do everything they can to make your sale simple, stress free, and net you the most cash at closing as possible.
The process starts when we introduce you to your Clever partner agent(s). You can interview them over the phone, or schedule an in person meeting where the agent can assess your home, and provide a Comparative Market Analyss (CMA). From there, if you decide to move forward, the process works exactly the same way as any other listing.
Your agent will provide full service, all the way to close.
Does a low commission 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 brokerage. The only people who will know that you listed for less is you, your agent, and Clever.
Does a low-commission listing look different than traditional listing?
Most discount listings look different, and it’s obvious to everyone 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 listing.
By not letting anyone know that you’re saving on commission, we believe that this prevents buyers from seeing your savings and attempting to low-ball an offer.
Does the listing include photos?
Yes, your partner agent will take photos or bring out a professional photographer.
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?
Only 8% of all homes sold were sold FSBO, and those that do often sell for less. According to the National Association of Realtors, FSBO homes sold for an average of $199,000, while homes sold with an agent sold for an average of $249,000.
Clever lets you saves on commission like for sale by owner, but provides you with an expert agent that will help you sell your home for more.
Are there any additional fees?
Clever has no hidden fees. In addition to our listing fee, the typical buyer fee still applies. Your agent will let you know what that fee is in your local market. You will also be responsible for closing costs. Normally, closing costs are much less for the seller than they are for a buyer. You can learn more about closing costs here.
John and Mary are having a baby, and want to sell their home and buy a larger house to raise their family. Money is tight, and John and Mary need all of the proceeds from the sale of their house as a down payment on their new house.
They can’t afford to pay 6% to a real estate agent, and be able to afford the larger home they need to raise a family.
John and Mary begin looking at homes, and aren’t sure what they will be able to afford.
John and Mary find out about Clever Real Estate, and get connected to a local real estate agent that lists their home for a lower commission than normal.
Their home sells, and the extra $6,000 they save on commission allows them to pay their down payment, and purchase their new home.
Their real estate agent also provided them a small commission rebate, allowing them to buy points on their mortgage. They even have some capital left over to furnish their baby’s room.
- John and Mary are able to buy their dream home
- They avoid high commissions
- John and Mary were able to afford a home in a better school district for their new baby
Joe bought a home 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 for the down payment on his next home.
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.
Joe gives Clever Real Estate a call, and gets connected with a local real estate agent that works for less commission than normal.
Joe’s agent sells his home quickly, and the $9,000 he saved in commission is enough to provide a meager profit. Joe is thrilled that he doesn’t have to bring cash to the closing table, and will be able to purchase the home he wants in another state.
- 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 I find a low-commission real estate agent?
Clever has top rated, local partner agents nationwide! To get connected with a top rated agent in your area that will list your home for a low commission fill out a simple online inquiry, or call us at 1-833-2-CLEVER.
Full Service. Flat Fee. Now That’s CleverGet a Free Assessment