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Best 1% Commission Realtors

1% commission realtors offer a discounted listing fee of 1% instead of the typical 2.5-3% that most traditional realtors charge.

The best discount brokerages that we reviewed charge a listing fee between 1-1.5%. We chose brokerages that offer low rates without compromising essential services.

Read on to find the best 1% commission realtors near you.

Best 1% Commission Realtors | How to Choose | Alternatives | Find a 1% Commission Realtor Near Me

The Best 1 Percent Commission Realtors of 2024

Company Home Bay Rating Best for Listing Fee Availability
đŸ„‡ Best Overall
4.8
Exceptional
Best Overall
1.5% ($3,000 min. fee)
Nationwide
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At homebay.com
3.3
Average
Tech-savvy sellers
1.5% (min. fee varies)
26 states + DC
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2.4
Fair
Cost over quality
1% ($5,000 min. fee)
FL, GA, TX
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2.1
Poor
High-value homes
1% (min. $2,500)
DC, FL, MD, NJ, PA, VA
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đŸ”„ Tip: We recommend shopping around to compare discount brokerages before hiring an agent. In most cases, it’s completely free to inquire with no obligation to work with an agent.

đŸ„‡ Best Overall

Clever Real Estate

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At homebay.com
4.8
Exceptional

Listing Fee

1.5% ($3,000 min. fee)

Editor’s Take

Overview

Clever Real Estate is the best option for most sellers who are looking for a low commission realtor. Clever matches you with multiple full-service agents from local brokerages, including top brands like Keller Williams and RE/MAX. You can interview as many agents as you’d like until you find the right fit, or you can walk away at any time. If you choose a Clever agent, you’ll pay a low 1.5% listing fee.

Find top agents near you today!

Pros

  • You get matched with top-producing local agents in minutes.
  • You get a 1.5% listing fee (half the usual rate) no matter which real estate agent you choose.
  • Clever’s agent matching service is free, with no obligation to commit to any realtor.
  • Clever’s network of 19,000 agents offers great selection compared to similar services like Ideal Agent and UpNest.

Cons

  • There’s no guarantee you’ll get matched with a specific local agent or brokerage.
  • Add-ons like professional home staging and drone photography may cost extra (agents will let you know exactly what’s included during listing presentations).

Clever Real Estate offers a lower commission without sacrificing quality. Through its free service, you can find top-rated agents in your area and sell for just a 1.5% listing fee (much lower than the average realtor commission rate).

How it works: You take a short online quiz (five questions) to help Clever understand your situation and preferences. Then Clever matches you with vetted agents in your market who are a good fit. If you don’t like the agents Clever recommends, you can request more matches until you find the right fit — or simply walk away.

Why it’s great: You can use Clever to compare top-producing local realtors from major brands like Compass, Century 21, and Coldwell Banker. Each realtor in Clever’s network has agreed to offer lower commission rates, which lets you focus on choosing the best agent instead of worrying about the price. You get the same savings no matter what.

Redfin

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At homebay.com
3.3
Average

Listing Fee

1.5% (min. fee varies)

Editor’s Take

Overview

Redfin is an established discount brokerage that offers solid savings compared to what most realtors charge. Its platform offers some useful tech extras, and you can potentially save more through buying and selling with Redfin.

But while Redfin gets you a lower commission and could get you a good sale outcome, it can be a risky choice if you don’t research its agents carefully. Not all of Redfin’s agents are high quality, and many are relatively inexperienced. If you’re interviewing a Redfin agent, compare them against a few other low commission real estate agents in your area to ensure you hire the most qualified agent for your budget.

Pros

  • You get a 0.5% listing fee refund if you also buy with Redfin within 12 months.
  • Redfin offers a few legit extras, like a 3D walkthrough and premium placement on Redfin’s home search tool.
  • The 1.5% listing fee offers solid savings.

Cons

  • Redfin agent quality and customer service are spotty.
  • You have limited agent selection compared to other companies.
  • Redfin’s minimum fees are very high in some markets.

Redfin is one of the more established discount brokerages. Its 1.5% listing fee offers legit savings compared to what most realtors charge. But those savings bring some potential risks.

Redfin agents typically handle three times more deals at once than the average realtor, which may explain the common customer complaints about bad service. And while Redfin has some solid agents, many others are inexperienced and just starting their real estate careers.

With only a few thousand agents nationwide, Redfin may provide only one or two options to choose from in your area. Its minimum fees also vary by market — some exceed $8,000. So depending on your location and your home’s value, you could end up paying more than the advertised 1.5%.

SimpleShowing

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At simpleshowing.com
2.4
Fair

Listing Fee

1% ($5,000 min. fee)

Editor’s Take

Overview

If you’re located in one of SimpleShowing’s markets and you find an agent you like, SimpleShowing’s commission savings can be worth it. Its 1% listing fee is one of the cheapest rates available, although the $5,000 minimum fee means you’ll only qualify for that rate if you’re selling a house worth at least $500,000. Sellers with homes below the $500,000 mark will pay more than the advertised 1%.

And while the listing fee for qualified sellers is appealing, it can come with a risk. A primary way SimpleShowing creates savings is by handling a higher volume of customers than a traditional brokerage, while using a smaller team of agents. This approach can potentially affect service quality.

Be sure to compare the agent SimpleShowing connects you with against a few others. Choosing the best agent for the job will impact your net sale proceeds more than saving 2% on commission.

Pros

  • Simpleshowing’s 1% listing fee can net you big savings.
  • The company is transparent about costs vs. services.

Cons

  • SimpleShowing has a relatively small number of agents to compare.
  • It’s available only in select cities in Florida, Georgia, and Texas.
  • The $5,000 minimum fee could mean you pay more than 1%.

SimpleShowing is a full-service real estate brokerage that offers low commission for sellers in Florida, Georgia, and Texas. The company relies on technology to bring costs down, charging a 1% listing fee to sell your home. It also offers help with closing costs for buyers.

Houwzer

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At houwzer.com
2.1
Poor

Listing Fee

1% (min. $2,500)

Editor’s Take

Overview

Houwzer’s 1% listing fee is one of the lowest in the industry. It has a reasonable minimum fee of $2,500 and a maximum of $10,000. The cap on the listing fee makes Houwzer an especially good deal if you’re selling a home for $1 million or more.

But it has the same drawbacks as other discount real estate brokerages like Redfin and SimpleShowing. It has a relatively small number of agents, so you can’t be picky when choosing your realtor. And like SimpleShowing, Houwzer uses a high-volume, team-based model that can impact the quality of service you receive.

Pros

  • Houwzer’s 1% listing fee is one of the cheapest realtor commission rates in the industry.
  • You can save a lot on homes over $1 million.

Cons

  • Your options are limited if you don’t like the first agent Houwzer sends you.
  • Houwzer agents handle a high transaction volume, which creates service quality risks.

Houwzer offers low commission rates and a variety of premium home selling services, including 25 HD professional photos and a virtual home tour. However, the company has a team-based business model. This means you’ll deal with several people from Houwzer at different steps in your transaction, which increases the risk of mistakes and miscommunication.

How Do Real Estate Agents Get Paid?

Real estate agents get paid a commission based on a percentage of a home’s sale price. The average total commission is 5.49%.

Average Real Estate Agent Commissions

Avg. Commission Cost for a $400,000 Home Sale
Seller’s Agent 2.8% $11,200
Buyer’s Agent 2.69% $10,760
TOTAL 5.49% $21,960
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The total commission is typically split between the buyer’s agent and the seller’s agent, with each receiving 2–3% of the total sale price.

If you paid the average commission rate on a $400,000 home sale, you’d owe the buyer’s and seller’s agents $21,960 of your profits.

Additional Costs for Sellers

Commission is usually the largest expense for home sellers, but there are other costs to consider:

  • Supplies and labor for home repairs and renovations
  • Closing costs like title insurance and prorated property taxes
  • The remaining balance of your mortgage

These expenses add up and cut into your profits significantly.

Since selling a house comes with so many costs, it can be worth it to save where you can. By working with a 1% commission realtor, you could save thousands on your home sale.

Who Should Choose a 1 Percent Commission Realtor?

Working with the right 1% commission realtor gives you the best of both worlds: lower costs than a traditional real estate agent without sacrificing quality service. Agents are professionals at marketing your home and selling it for more money than you could yourself.

Interview two to three agents before committing to anything, and make sure you’re not opting out of important services in exchange for a lower fee.

How Much Can I Save with a 1% Commission Realtor?

To illustrate how a 1% commission realtor can help you save, we crunched the numbers for a $400,000 home sale:

Traditional Agent 1% Commission Realtor
Seller’s Agent Commission (2.8% vs. 1%) $11,200 $4,000
Buyer’s Agent Commission (2.69%) $10,760 $10,760
Total Commission (5.49% vs. 3.69%) $21,960 $14,760
Total Savings $0 $7,200
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3 Things to Look for in a Discount Real Estate Broker

Even at 1% commission, your realtor is still making a good chunk of change on your home sale. They should be providing the same expertise and hands-on guidance you’d expect from a traditional realtor.

Look for these three things when working with a discount real estate broker:

💾 Pricing assistance: Discount realtors should help you price your home strategically by completing a comparative market analysis (CMS).

📾 Marketing services: At minimum, marketing services should include a listing description, photography, a listing on the MLS, and private and public showings.

📃 Negotiation and contract support: A real estate agent should help you negotiate upon receiving offers and throughout the due diligence period. They should also provide all legal paperwork and thoroughly explain all contract options and contingencies.

Make sure your real estate agent is contractually obligated to help you with these professional services. Otherwise, you may not get your money’s worth.

Warning Signs When Looking for a 1% Commission Agent

Not all 1% commission real estate agent services provide full service. Before you sign on with an agent, look for these red flags:

  • Minimum fees: Minimum fees can eliminate savings if your house is priced lower. For example, a listing company advertises a 1% commission fee, but they charge a minimum $6,000 commission. If you sold a $200,000 home, you would pay a $6,000 commission, which is 3% of the sales price (instead of the “promised” 1%).
  • MLS-only listing: Beware that some discount realtors only list your home on the MLS and leave you to figure out the rest. You don’t need to commission a real estate agent to do that. You can pay a simple flat fee to get your house on the MLS and do the rest of the sale yourself.
  • No local agents: A discount realtor unfamiliar with your neighborhood and the local market can’t give you good advice on comps or pricing. They may overprice or underprice your home and cost you money because they lack local experience.
  • Spotty availability: An agent who doesn’t respond to calls or emails quickly doesn’t take your business seriously and won’t work hard to sell your home.

Alternatives to a 1 Percent Commission Realtor

Discount agents are much less expensive than traditional brokers. Plus, they offer more support than for sale by owner (FSBO) sales, cash buyer companies, and iBuyers. But if you’re not sold on a 1% commission realtor, consider these other options.

Sell For Sale by Owner

Many homeowners want to save money on real estate agent commissions by selling the home themselves.

However, it isn’t easy. People who sell for sale by owner (FSBO) still have to pay to list the home, market it, manage paperwork, and hire a real estate attorney or title company to manage closing. You’ll also likely still pay a buyer’s agent fee, since nearly 90% of buyers use a real estate agent or broker to buy their home.

» MORE: Is Selling for Sale by Owner on Zillow Worth It?

Sell to a Company that Buys Houses for Cash

Companies like We Buy Houses, We Buy Ugly Houses, and Sundae buy houses quickly for cash. They’re generally interested in homes sold as is that they can quickly fix and flip.

For homeowners desperate to liquidate a dilapidated home as fast as possible, cash home buyers can be a valid option. However, sellers rarely get fair market value for their homes.

Cash buyers pay as little as 50% of the home’s fair market value, so the reduced effort isn’t worth the reduced profit for most sellers.

Sell to an iBuyer

An iBuyer (or instant buyer) is a real estate company that sells and buys homes automatically through technology. Opendoor and Offerpad are two well-known, nationwide iBuyers. The service can make or accept an offer within 24 to 48 hours using algorithms to calculate home values. It’s unlikely you’ll get anything close to fair market value, but iBuyers can get cash in your hand quickly. Most transactions with iBuyers close within two weeks.

Sell with a Traditional Real Estate Broker

Selling your home with a traditional broker is the typical selling experience. Traditional real estate agents provide all the services you expect, but they’ll likely charge closer to a 2.5-3% listing fee on your home sale.

Find 1 Percent Commission Realtors Near Me

Not all 1% commission realtors are available nationwide. Once you identify what’s available in your area, we recommend shopping around.

Clever make it easy to meet top-rated local agents with experience and a proven track record in your neighborhood. Unlike other low commission companies, Clever’s agents work for well-known brokerages like Keller Williams, Century21, and RE/MAX. You’ll get the same white glove service at a fraction of the cost!

đŸ€ Meet Trusted Real Estate Agents with Clever đŸ€
Looking for an agent? Clever Real Estate’s licensed concierge team can introduce you to pre-vetted agents near you! You’ll choose between top-rated agents from major brokerages like Keller Williams, RE/MAX, and more. Best of all, you’ll save thousands, thanks to Clever’s affordable 1.5% listing fees.
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FAQ about 1 Percent Commission Realtors

Is 1% a good estate agent fee?

A 1% listing fee could help you save thousands in agent commissions. But it could also be a bad deal in disguise. Before you sign a listing agreement with a 1% commission realtor, make sure the agents are offering full service and that the company has a good reputation on third-party review sites.

What does list for 1% mean?

“List for 1%” means you’ll pay a listing agent or company 1% of your home’s sale price in exchange for help selling the home. Very few companies, however, offer full service and a 1% listing fee. When you see “list for 1%,” make sure you dig deeper into the company to understand what “1% service” means to them.

How much is 1 percent commission?

A 1% commission is 1% of the sale price of your home. A 1% commission on a home that sells for $350,000 would be $3,500.

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