Clever Real Estate
| Private | |
| ISIN | 🆔 |
| Industry | Real estate, Technology |
| Founded 📆 | 2017 |
| Founders 👔 | Ben Mizes, Luke Babich |
| Headquarters 🏙️ | , St. Louis , United States |
Area served 🗺️ | |
Key people |
|
| Products 📟 | Clever Offers, Clever Pro, Clever Title |
| Services | Real estate brokerage, referral network |
| Members | |
Number of employees | |
| 🌐 Website | listwithclever.com |
| 📇 Address | |
| 📞 telephone | |
Clever Real Estate is an American real estate technology company headquartered in St. Louis, Missouri.[1] Founded in 2017, the company operates a nationwide agent matching platform that connects home buyers and sellers with real estate agents who agree to reduced commission fees.[2][3] Its network includes more than 14,000 affiliated agents across all 50 states, and agents who work with the platform agree to offer discounted commission rates to clients who engage them through Clever.[4][5][6]
History
Clever Real Estate was founded in 2017 in St. Louis, Missouri, by entrepreneurs Ben Mizes and Luke Babich.[7][8] That same year, the company closed $500,000 in seed funding from Midwest venture capital firms and individual investors.[9]
In 2019, the company raised $2 million in a Series A funding round, followed by an $8 million Series B round in 2021.[10][11][12] By late 2021, Clever planned to increase its staff to approximately 200 employees and had expanded its agent-matching platform nationwide.[13]
In 2023, Clever launched Clever Pro, a business unit focused on partnerships with mortgage lenders and technology providers.[14] Later that year, Clever Pro partnered with HomeScout, a real estate search and engagement platform, to expand its offerings for lenders and servicers.[15][16][17]
In January 2024, Clever acquired Gravy Technologies, a renter rewards and savings application.[18][19]
Later in 2024, Clever launched Clever Title, a title and escrow subsidiary.[20][21][22]
Clever also operates Clever Offers, a platform that connects home sellers with institutional buyers and local investors. The platform is considered part of the wider house-buying sector, where companies typically acquire properties for cash to enable expedited, as-is sales.[23][24][25][26]
Recognition
In 2023, Chief executive officer Luke Babich was recognized with a Vanguard Award for contributions to housing innovation, while head of account management Tim Gaasch was named a recipient of the Insiders Award for operational leadership.[27][28] In 2025, Drake Shadwell, manager of Clever Offers, was included in HousingWire’s Rising Stars list.[29][30]
Products and services
Clever Real Estate operates in the discount real estate brokerage sector alongside companies such as Redfin and Ideal Agent.
Agent matching platform
The company’s core service is an agent referral platform. Industry reviews have noted that home sellers referred through Clever typically pay a 1.5% listing fee (minimum $3,000).[31][32]
Rather than charging agents directly for leads, Clever collects referral fees when transactions are completed. Partner agents pay the company a percentage of their commission after successfully closing a deal with a Clever-referred client.[33] In some states, Clever also offers cash-back rebates to buyers who use the platform to connect with participating agents.[34]
Clever Offers
Clever also operates Clever Offers, a free service that connects home sellers with institutional buyers and local investors interested in purchasing homes for cash. Sellers using the service can choose between accepting a cash offer or listing with an agent for a potentially higher sale price.[35][36]
Clever Title
In 2024, the company launched Clever Title, a title and escrow subsidiary. Industry coverage described the service as technology-focused and aiming to streamline closing processes and increase transparency.[37][38]
Clever Pro
Clever launched Clever Pro in 2023 as a product suite designed for mortgage lenders. Coverage has described the service as offering marketing tools and borrower engagement systems intended to assist lenders with lead conversion and customer engagement.[39][40][41]
See also
References
- ↑ "From St. Louis, Clever Real Estate works to disrupt the real estate industry". St. Louis Public Radio. December 14, 2021. Retrieved 26 August 2025.
- ↑ "Clever Real Estate Reviews". Anytime Estimate. June 10, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate review". Bankrate. April 21, 2023. Retrieved 26 August 2025.
- ↑ "Clever Real Estate review". Bankrate. April 21, 2023. Retrieved 26 August 2025.
- ↑ Anand, Priya (July 9, 2025). "Clever Real Estate Reviews: Is the 1.5% Fee Worth the Hype?". Houzeo. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "What is Clever Real Estate? Read This First". Houwzer. May 31, 2022. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "From St. Louis, Clever Real Estate works to disrupt the real estate industry". St. Louis Public Radio. December 14, 2021. Retrieved 26 August 2025.
- ↑ Jeannette, Cooperman (February 14, 2019). "How one Stanford graduate is transforming St. Louis housing and bridging the divide". St. Louis Magazine. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "Clever Real Estate Closes $500K in Seed Funding from Leading Midwest VCs". Entrepreneur Quarterly. December 12, 2017. Retrieved 26 August 2025.
- ↑ "Clever Real Estate Secures $2M in Funding". CityBiz. May 10, 2023. Retrieved 26 August 2025.
- ↑ "Clever Real Estate secures $2 million from strategic investors". OurQuadCities. May 10, 2023. Retrieved 26 August 2025.
- ↑ "Clever Real Estate Venture Capital Funding". VC News Daily. May 10, 2023. Retrieved 26 August 2025.
- ↑ "From St. Louis, Clever Real Estate works to disrupt the real estate industry". St. Louis Public Radio. December 14, 2021. Retrieved 26 August 2025.
- ↑ "Clever Real Estate launches new entity to bolster escrow services". Mortgage Professional America. July 27, 2023. Retrieved 26 August 2025.
- ↑ "Clever Pro, HomeScout team up". The Mortgage Note. September 8, 2023. Retrieved 26 August 2025.
- ↑ "Four of the top 20 mortgage servicers now partner with Clever Pro". Yahoo Finance. February 20, 2024. Retrieved 26 August 2025.
- ↑ "Oklahoma News 4". Oklahoma News 4. July 25, 2023. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "Clever acquires renter-assistance rewards app Gravy". Inman. January 8, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate Acquires Gravy Technologies". Cultivation Capital. January 9, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate launches title and escrow company". MortgageOrb. April 29, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate launches title and escrow company". The Title Report. April 26, 2024. Retrieved 26 August 2025.
- ↑ "Introduction of New Title and Escrow Subsidiary by Clever Real Estate". Note Servicing Center. April 29, 2024. Retrieved 26 August 2025.
- ↑ "House-buying companies: Are they legit?". Bankrate. August 8, 2023. Retrieved 26 August 2025.
- ↑ Warford, Michael (July 8, 2025). "10 Best Companies That Buy Houses for Cash". Real Estate WItch. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ Haddad, Michael (March 13, 2025). "Is Clever Offers a Good Way to Sell a Home for Cash?". HomeLight. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ Marcinuk, Steve (May 9, 2025). "Clever Offers Brings Trust and Transparency to the Cash Offer Market". KeyCrew Journal. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "2023 HW Insider: Tim Gaasch". HousingWire. October 2, 2023. Retrieved 26 August 2025.
- ↑ "2023 HW Vanguard: Luke Babich". HousingWire. December 1, 2023. Retrieved 26 August 2025.
- ↑ "2025 Rising Star: Drake Shadwell". HousingWire. June 3, 2025. Retrieved 26 August 2025.
- ↑ "Clever Executive Named a HousingWire Rising Star". Cultivation Capital. April 2, 2025. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "Clever Real Estate Reviews". HomeLight. July 2, 2025. Retrieved 26 August 2025.
- ↑ Julia, Del Rosario (April 21, 2025). "Top 8 Sources for Pay at Closing Real Estate Leads in 2025". The Close. Retrieved August 28, 2025. Unknown parameter
|url-status=ignored (help) - ↑ "What is Clever Real Estate? Read This First". Houwzer. March 15, 2023. Retrieved 26 August 2025.
- ↑ "Clever Real Estate Reviews". HomeLight. July 2, 2025. Retrieved 26 August 2025.
- ↑ "Clever Offers Review". HomeLight. April 5, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate Reviews". Houzeo. July 31, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate launches title and escrow company". MortgageOrb. April 29, 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate launches title and escrow company". The Title Report. April 26, 2024. Retrieved 26 August 2025.
- ↑ "Clever launches product suite for mortgage lenders". The Mortgage Note. August 10, 2023. Retrieved 26 August 2025.
- ↑ "Top mortgage companies are using Clever Pro". Cultivation Capital. February 2024. Retrieved 26 August 2025.
- ↑ "Clever Real Estate launches Clever Pro, driving more growth and profitability for mortgage lenders". The Globe and Mail. July 25, 2023. Retrieved 26 August 2025.
External links
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