What is the traditional real estate agent fee?
Typically, commissions are based on a percentage of the home’s sale price. On average, homeowners can expect to pay between 4.5 – 6% of the home’s sales price in commission, with 2% – 3% going to the buyer’s agent and the rest to the seller’s.
For example, if you list a home for $200,000 with a traditional real estate agent, you can expect to pay around $12,000 in total. $6,000 of the sales price will go to the listing agent and $6,000 will go to the buyer’s agent.
In the case of Clever, you should expect a $3,000* flat fee to your listing agent and 2-3% of the buyer’s.
*1% on homes over $350,000.