What is a 1% Listing Fee?
A 1% listing fee is when a real estate agent decides to list your home for only 1% commission, saving you nearly 50% of the traditional cost of selling a home (typical buyer fee still applies).
There are 2 options you can choose when you’re looking for a 1% listing. There are discount brokerages that only do 1% listing fees, and there are some agents that run a traditional business, but will also take a 1% commission listing if they are referred from Clever.
If you’re looking to list your home with a local, full service real estate agent with a 1% listing 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 1833-2-CLEVER 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% listing and a traditional listing?
Some real estate agents that offer discounted listing fees will just list your house on the MLS, and won’t help you with marketing, pricing, photos, inspections, and other aspects of the transaction.
Other agents (including Clever partner agents) will provide full service for one percent, and give you the exact same service as a traditional listing.
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% Listing Fee Companies?
Clever works with local real estate agents across the country, who also have a traditional business with higher commission rates.
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% Listing Fee Partners Agents Provide?
Our partner agents provide the following services:
✔️Comparative Market Analysis
✔️Professional price opinion
✔️Listing on the MLS, Trulia, Zillow, Realtor.com, and hundreds of other sites
✔️Help negotiating when an offer comes in
✔️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%.
How does does Clever charge such a small fee and still make money?
Clever is able to charge a 1% listing 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% listing 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 Clever partner 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 1% commission is you, your agent, and Clever.
Does a listing with a Clever partner agent look different than a traditional listing?
Most 1% 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 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.
Spencer and Alyssa are having another child, and want to sell their first 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. They need every dollar from the sale of their home to be able to buy a home big enough to support their growing family.
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.
Alyssa and Spencer begin looking at homes, and aren’t sure what they will be able to afford.
Alyssa finds out about Clever Real Estate after reading their blog online, and decides to get connected to a local agent that lists their home for only 1%.
Their home sells, and the extra $7,000 they save on commission allows them to pay their down payment, and purchase their new home in their desired location.
Their real estate agent also provided them a small commission rebate, allowing them to buy points on their mortgage.
✔️Spencer and Alyssa are able to buy their dream home
✔️They avoid high commissions
✔️ Spencer and Alyssa were able to afford a home in a better school district for their new baby
Elliot bought a beautiful new home last year, and spent thousands renovating it exactly how he wanted. Unfortunately for Elliot, he just got a new job across the country, and he is now forced to sell his home in order to move. Elliot put a lot into the home, and is worried that paying high commissions will destroy his equity.
Elliot 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 his down payment.
Elliot 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.
Elliot gives Clever Real Estate a call, and gets connected with a local real estate agent that works for just a 1% Fee
Elliot’s agent sells his home quickly, and the $10,000 he saved in commission is enough to provide a small profit.
✔️Elliot is able to buy a new home in another state
✔️Elliot didn’t have to bring cash to the closing table
✔️Elliot uses the profit from selling his home to help renovate his new home.
How can you help me find an agent that will list my home for 1%?
Clever has local 1% commission partner agents nationwide! To get connected with a local agent, just fill out a simple online enquiry, or call us at 1833-2-CLEVER.
Now That’s Clever.