Clever Real Estate, an innovative real estate technology company, has become a trailblazer in negotiating discounted commission rates for home sellers. With over 20,000 successful negotiations since 2017, Clever has solidified its position as an industry authority, especially in light of recent headlines surrounding agent commission rates.
A recent landmark case involving the National Association of Realtors (NAR) has brought the issue of commission rates to the forefront. In response, Clever has taken the lead in advocating for transparency and empowering home sellers with knowledge. Through extensive surveys and studies, Clever discovered that there is a widespread misunderstanding among Americans regarding commission rates and who is responsible for paying the buyer’s agent.
Contrary to popular belief, 66% of non-homeowners and 42% of home sellers are unaware that they are expected to cover the buyer’s agent commission. This lack of awareness has fueled the misconception that buyers can save money by not working with an agent. Additionally, 55% of sellers believe they should not be obligated to pay the buyer’s agent commission.
Despite these misconceptions, Clever’s research indicates that the majority of homeowners prioritize avoiding high realtor commission rates when selling their homes. Approximately 28% of sellers choose to forgo an agent in an attempt to save on fees. However, it is worth noting that 72% of sellers who did work with an agent believe that a good agent is worth every penny of their commission.
By analyzing data from 625 agents nationwide, Clever found that the average total commission rate is 5.49%. Interestingly, 61% of agents reported that their commission rates have remained unchanged over the past five years. This data demonstrates the stability of commission rates within the industry.
“Clever has established itself as the leading organization in negotiating commissions with realtors across the United States,” shared Clever Co-Founder and CEO Luke Babich. “Our commitment remains focused on providing buyers and sellers with top-quality service at the lowest rates. We are dedicated to maintaining our position as thought leaders in the realm of commission rates.”
In the midst of the ever-evolving real estate industry, Clever has managed to save customers a staggering $140 million in realtor fees. The company boasts an average rating of 5.0 stars based on over 2,600 verified customer reviews on Trustpilot, solidifying its unwavering commitment to customer satisfaction.
As discussions surrounding realtor commission rates continue, Clever remains at the forefront, offering unparalleled expertise and reshaping the landscape of the industry.
1. What is Clever Real Estate?
Clever Real Estate is a real estate technology company that aims to connect people with trustworthy advice and the best solutions for their real estate journey. Their primary offering is a realtor matching platform that allows home sellers and buyers to compare personalized realtor matches and save on typical fees.
2. How many negotiations has Clever conducted since 2017?
Clever Real Estate has negotiated discounted rates for over 20,000 home sellers since 2017.
3. What percentage of non-homeowners and home sellers are unaware of the buyer’s agent commission?
According to Clever’s surveys, 66% of non-homeowners and 42% of home sellers are unaware that they are expected to pay the buyer’s agent commission.
4. What percentage of sellers believe they should not be obligated to pay the buyer’s agent’s commission?
55% of sellers believe they should not be obligated to pay the buyer’s agent’s commission.
5. How much has Clever saved customers on realtor fees?
Clever has saved customers over $140 million on realtor fees.
6. What is the average total commission rate among agents?
The average total commission rate among agents, based on Clever’s data, is 5.49%.
7. How has Clever positioned itself amidst ongoing conversations about Realtor commission rates?
Clever has positioned itself as a thought leader on the topic of commission rates, advocating for transparency and empowering buyers and sellers to make informed decisions.