What is a 1% Commission Real Estate Agent?
A 1% commission real estate agent will list your home for 1% commission, saving you nearly 50% of the traditional cost of selling a home.
There are two options you can choose when you’re looking for a 1% commission real estate agent. There are discount brokerages that only do 1% commission listings, and there are some agents that run a traditional business, but will also take a 1% listing if they are referred from Clever.
If you’re looking to list your home with a local, full service agent for 1% commission or less, Clever can help. Clever charges a flat fee of $3,000 for homes less than $350,000, and a 1% fee for more expensive homes. Call us at 925-964-3909 or complete our online form to get connected a top rated local real estate agent that will list your home for 1% commission.
Is there a difference between a 1% commission agent and a traditional agent?
1% commission agents are licensed real estate agents or brokers, just like their traditional counterparts. However, not all discount agents provide the same service that a traditional 6% 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.
It’s important to ask your agent exactly what services they will provide before you sign with any 1% commission real estate agent or broker.
How is Clever Different than other 1% Commission Real Estate Companies?
Clever partners with agents around the country that agree to list your home for 1% 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 real estate 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 1% Commission 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
- 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 only 1% listing commission.
Clever 1% Commission Real Estate Agent FAQs
How does does Clever charge such a small fee and still make money?
Clever is able to charge a 1% commission fee 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 1% commission allows us to achieve a significant volume, which keeps costs down.
How does the 1% commission listing process work?
The 1% commission 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 1% commission real estate agent provide a lockbox and sign in the yard?
Yes. Your local real estate agent will provide a lockbox and sign in the yard with their local company. The only people who will know that you listed for 1% commission is you, your agent, and Clever.
Does a 1% commission listing look different than a traditional listing?
Most listings with discount agents 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 save on commissions like for sale by owner, but provides you with an expert real estate 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 commission to a buyer’s agent to incentivize them to bring qualified buyers.
Joe and Darcy are having a baby, and want to sell their starter home and move across the city to a bigger house in a better school district. Their desired neighborhood is expensive, and it will be a challenge to come up with the down payment. Joe and Darcy need every penny from the sale of their home to help afford their new house.
They can’t afford to pay 6% to a real estate agent, and still have the cash for a down payment on a larger home.
Joe and Darcy 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, 1% commission Real estate agent that lists their home for only 1%.
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 high commissions 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 just a 1% commission.
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 1% commission real estate agent?
Clever has partner agents nationwide! To get connected with a 1% commission real estate agent in your area, fill out a simple online inquiry, or call us at 925-964-3909.
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