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 | |
|---|---|---|---|---|---|
|
đ„ Best Overall
Clever Real Estate |
Exceptional
|
Best Overall
|
1.5%
|
Nationwide
|
Find Agents |
Redfin |
Average
|
Tech-savvy sellers
|
1.5%
|
26 states + DC
|
Learn More |
SimpleShowing |
Fair
|
Cost over quality
|
1% ($5,000 min. fee)
|
FL, GA, TX
|
Learn More |
Houwzer |
Poor
|
High-value homes
|
1%
|
DC, FL, MD, NJ, PA, VA
|
Learn More |
đ„ Tip: We recommend shopping around to compare discount brokerages before hiring an agent. In most cases, itâs completely free to inquire with no obligation to work with an agent.
Listing Fee
Active Since
Customer Rating
Editor’s Take
Overview
Clever Real Estate is the best option if you want to sell with a top agent and save on realtor fees. Cleverâs agent network has over 19,000 top-producing realtors (a larger selection than most competitors offer). You can choose your agent from several matches the company sends you. Its low listing fees are also some of the most competitive in the industry. When you find an agent through Clever, you save thousands of dollars compared to what youâd pay if you found the agent on your own.
Find top agents near you today!
Pros
- Strict vetting requirements mean you’ll get matched with experienced, top-producing agents.
- Guaranteed 1.5% listing fee, no matter which agent you use.
- Multiple agent matches come straight to your inbox and are easy to compare.
Cons
- Specific local agent or brokerage matches are not guaranteed.
- Some premium services (like 3D home tours or drone photography) may cost extra.
Clever Real Estate is a service that connects sellers and buyers with experienced, full-service real estate agents. Sellers who work with Clever pay a pre-negotiated 1.5% listing fee.
Reputability: To ensure high-quality service, Clever only partners with top-performing agents who have at least five years of experience, a proven track record of success, and positive customer reviews. With a 5/5 rating across thousands of online reviews and an A+ rating from the Better Business Bureau, Clever has established itself as a reliable and trusted resource in the real estate industry.
How to sign up: You can sign up for Clever by submitting your information on its website. Clever will send several agent matches to your inbox based on your zip code, home price, and preferences. You can choose to interview any of the agents. If you’re not satisfied with the initial matches, you can request more.
Services and fees: If you choose to work with a Clever agent, you will receive full service and support, including pricing advice, professional photography, MLS listing and description, and negotiation assistance. When your home sale is complete, you will pay a 1.5% listing fee. Buyers who work with Clever do not pay anything, and eligible buyers can receive a $250 rebate at closing.
Listing Fee
Active Since
Customer Rating
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 Redfinâs agents are high quality, and many are relatively inexperienced. If youâre 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 Redfinâs 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 â some exceed $8,000. So depending on your location and your homeâs value, you could end up paying more than the advertised 1.5%.
Listing Fee
Editor’s Take
Overview
If youâre located in one of SimpleShowingâs markets and you find an agent you like, SimpleShowingâs 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.
- Itâs 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.
Listing Fee
Active Since
Customer Rating
Editor’s Take
Overview
Houwzerâs 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 youâre 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 donât 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 youâll 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 homeâs sale price. The average total commission is 5.49%.
Average Real Estate Agent Commissions
| Avg. Commission | Cost for a $400,000 Home Sale | |
|---|---|---|
| Sellerâs Agent | 2.8% | $11,200 |
| Buyerâs Agent | 2.69% | $10,760 |
| TOTAL | 5.49% | $21,960 |
The total commission is typically split between the buyerâs agent and the sellerâs agent, with each receiving 2â3% 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 youâre 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 | |
|---|---|---|
| Sellerâs Agent Commission (2.8% vs. 1%) | $11,200 | $4,000 |
| Buyerâs Agent Commission (2.69%) | $10,760 | $10,760 |
| Total Commission (5.49% vs. 3.69%) | $21,960 | $14,760 |
| Total Savings | $0 | $7,200 |
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 youâd expect from a traditional realtor.
Look for these three things when working with a discount real estate broker:
đž Pricing assistance: Discount realtors should help you price your home strategically by completing a comparative market analysis (CMS).
đž Marketing services: At minimum, marketing services should include a listing description, photography, a listing on the MLS, and private and public showings.
đ 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 wonât 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 youâre 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. Theyâre 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 homeâs fair market value, so the reduced effort isnât 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. Itâs unlikely youâll 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!
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đ€ Meet Trusted Real Estate Agents with Clever đ€
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 youâll pay a listing agent or company 1% of your homeâs 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.
