Clever Real Estate Reviews 2022

Clever Real Estate is a top real estate brokerage referral service that can help buyers and sellers save money in 2022.

Table of Contents

What is Clever Real Estate?

How does Clever Real Estate work?

Is Clever Real Estate agency legitimate?

Who owns Clever Real Estate?

Is Clever Real Estate worth it?

How much can sellers save with Clever?

How much can buyers save with Clever?

How much can I save with Clever?

Is Clever Real Estate free?

How does Clever make money?

Why do agents work with Clever for lower rates?

Do Clever agents really provide full service?

Summary

What is Clever Real Estate?

Clever Real Estate is a fully online national brokerage that actively works to bring sellers and buyers together. Their service works through a referral system where Clever agents will connect other agents, homeowners, and sellers to each other. This helps pair up both sellers and owners with the perfect agent to ensure that they will be able to successfully sell or buy a home.

How does Clever Real Estate work?

Clever works by connecting real estate agents to buyers and sellers in their areas looking for the perfect agent. In return for that service, Clever will get a commission on the agent’s full-service listing fee of $3,000 or 1% if the final sale of the property is for more than $350,000.

Getting started with Clever Real Estate is a fairly easy process.

1. You will need to enter their website listingwithclever.com
2. Enter your postcode to find agents in your area
3. Select whether you are looking to buy or sell a property
4. Choose the type of property that you are interested in
5. Select what is the quality you are most looking for in an agent
6. Determine your budget
7. Set a timeline in which you want to have completed the transaction
8. Add your contact details

The entire process of getting started with Clever Real Estate should not take you any longer than 5 minutes. In fact, as all of the questions that you need to answer are based on a list of options, going in and selecting the ones that fit you should not only be simple but it can be done from any device. Once you have completed all of the steps listed above Clever will recommend agents in your area that could help you reach your goal of selling or buying a property that much faster.

Is Clever Real Estate agency legitimate?

Clever Real Estate is a completely legitimate real estate brokerage. Clever does not work in the way that most real estate brokerages do, this is because Clever does not in itself have its own set of agents. Instead, it has several agents that it collaborates with and those buyers and sellers who sign on with Clever will be given a list of agents that are recommended by clever. For potential sellers and buyers having that list of referred to agents can be extremely important as it can help them determine which one is best for their needs.

While the way that Clever Real Estate works may seem unconventional and different from the way that most real estate agencies work, its legitimacy stands undisputed as many positive reviews are praising the service and the results, they got because of it.

Who owns Clever Real Estate?

Clever Read Estate is owned by its co-founder and CEO Ben Mizes. The company’s other co-founder is Luke Babich. Both of the co-founders of Clever Real Estate appear to still have an active role in the company working as the CEO and COO of Clever respectably.

Is Clever Real Estate worth it?

As Clever charges a lower listing commission rate than most companies and the results from the service seem to be almost unilaterally positive, there would be no reason to claim that the service is not worth it. Repeated customers seem to be gaining even more for the service and the fact that they keep coming back to it shows that they find value in it. The average customer review of Clever Real Estate is also extremely high at 4.9 out of 5 stars. All of these elements are put together to make it clear that Clever is a great company to use as a buyer or a seller.

How much can sellers save with Clever?

Sellers are usually the ones to benefit the most from Clever as they can save a few thousand dollars. Normally, the biggest savings factor is the listing fee which is only $3,000 or 1% for properties that sell for $350,000 or more. When compared to the 2.5 to 3% that is the standard listing fee commission rate, one can see why sellers using Clever would benefit from large savings. According to the Clever website when compared with 3% listing fee agencies it was determined that the average seller would save around $9,600 from any sale that they made on Clever. When considering the total closing costs needed for home those $9,600 become all the most important as they can help cover some of the other closing needs for the sale of their property.

How much can buyers save with Clever?

Buyers can also save some money by using Clever Real Estate through cashback. Clever offers a 0.5% cashback on the purchase price in 41 out of the 50 U.S. states. This means that depending on the final purchase price of the property that the buyer is getting they could be receiving a few thousand dollars back. Once again, as closing and moving can both be expensive processes having that extra amount returned can be really important for buyers.

• Cash Back for real estate purchases is only legal in some states
• Does not require lender approval normally
• The cashback is issued as a check
• All eligible purchases are guaranteed the cashback in full

How much can I save with Clever?

How much you will be able to save with Clever Real Estate will vary as you will be able to save different amounts as the buyer or the seller of the home. What is also important to note is that as Clever mainly works with percentages the exact amount that you will be able to save will depend on the purchase price of the property that you are either buying or selling.

As the buyer when using Clever you will be eligible to receive a 0.5% cashback on the purchase price of the property. The one major condition for this is being in one of the 41 states that Clever offers cashback in. Depending on the final price that you paid for the property that 0.5% can actually amount to a few thousand dollars and as such it should not be considered an insignificant amount, but rather it should be seen as great savings.

As the seller, using Clever is going to save you a lot more money than the amount saved by the buyer. This is because where the buyer is receiving 0.5% in cashback the seller has to pay a commission of only 1% instead of 3%. This means that sellers using Clever will save 2% on commission fees for real estate agents. On average, Clever has determined that most buyers will save $9,600 through their sales if they use the website referral service. However, that amount could be even larger if the purchase price of the house is higher than the one used for the estimate.

If you are looking to save money from the sale or the purchase of a property, then using Clever can be a great way of doing it. The website offers a few different ways of either saving through reduced rates or earning back through cashback and as such, for those wishing to save money, Clever can be the ideal online platform.

Is Clever Real Estate free?

The Clever Real Estate service, which is the service that recommends to you a number of top real estate agents in your area is entirely free. Clever will provide you with a list of potential agents that you could use, but you are under no obligation to contact or sign on with any of them. The only time that you will be called to pay the 1% commission rate as the seller, is if you find an agent that you want to work with and you end up selling your home with Clever. In situations such as this you will be required to pay for the sale of your property, but not for the referral service that Clever had provided.

How does Clever make money?

While the Clever referral service is free, how Clever makes money is through the commissions that are charged when a house is bought or sold through the website. This is because agents who sign on with Clever Real Estate agree to give Clever a portion of the commission that they get paid. This is often beneficial for real estate agents as even with those lower commission rates they are often able to boost their sales and thus make more at the end of the day, even with the lower commission rates.

Why do agents work with Clever for lower rates?

There are many reasons for agents to choose to work with Clever Real Estate, and the main ones of those are the following.

1. High transaction volumes

Clever can bring in a lot more clients for real estate agents. For those looking to establish a name for themselves, or those simply looking to boost their sales, being in a partnership with Clever can help establish them further as it will drive up their transaction amounts.

2. Zero Upfront Costs

If a real estate agent chose to use a marketing campaign to boost the number of clients that they have, then they would very likely be forced to pay upfront for all the costs of the campaign and advertisements. In stark contrast, Clever only gets paid a small amount when the agent closes on a deal. This can in the long run save real estate agents a lot of money.

3. Low-Risk

Because there is no cost involved with using the Clever Real Estate Service, there is also almost no risk associated with using this service. This is because unlike with advertisements, agents using Clever will be sent high levels of transactions and they will only be made to pay for the ones that they close a deal on. This makes Clever a low-risk way of agents boosting their sales, transactions, and reputation.

4. Boost visibility and reputation

As agents close on more transactions they become more and more well known in their area. This is especially important for local real estate agents looking to establish themselves. Oftentimes, this new drive-in business will also mean that they will be able to outgrow their current business or that they will soon be able to sustain themselves without needing the boost in transactions offered by Clever.

Do Clever agents really provide full service?

Clever Partner Agents should provide 100% full brokerage services. From supporting sellers with the creation of their listing to selling their home, your real estate agent should be there every step of the way. Similarly, the buyer’s real estate agent will also be there to show them homes that they may be interested in and to help the buyer put through offers on the houses that they are interested in. Regardless of the lower commission rate, your agent should be willing and able to do everything that they would have normally done if you had found them outside of Clever.

Summary

Clever real estate is a referral service that focuses on connecting buyers and sellers with some of the top real estate agents in their areas. Clever as a service can provide big savings for both the seller and the buyer and those using their service should be able to get the full real estate service that they need for a fraction of the cost. Agents will also benefit from using Clever as it can boost their transactions and reputation.