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.
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 transaction.
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.
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.
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 a low 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 clients who are looking for help buying or selling a home.
Offering a low commission allows us to achieve a significant volume, which keeps costs down.
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.
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 local company. 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, 6% listing.
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?
93% of For-Sale-By-Owners don’t sell, and those that do, often sell for less than they would have with a licensed real estate agent. Clever lets you saves on commissions 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. However, We recommend that you offer a commission to a buyer’s agent to incentivize them to bring qualified buyers.
John and Mary are having a baby, and want to sell their home and buy a larger house to raise their new baby. 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 a larger home.
John and Mary begin looking at homes, and aren’t sure what they will be able to afford.
John and Mary find out 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.
- 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.
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 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 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 low-commission real estate agent?
Clever has local low commission partner agents nationwide! To get connected with a low commission agent in your area, fill out a simple online enquiry, or call us at 1-833-2-CLEVER.
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