Frequently Asked Questions
- Utah /
- Frequently Asked Questions
Not only are we REALTORS®, we are state licensed Real Estate Brokers, which is the highest designation an agent can become. It takes many classroom hours and years of experience to become a broker. Being a broker, you can own your company and sponsor other agents.
* All listings look the same on the MLS (Multiple Listing Service). We get a lot of clients that were listed with 6% agents, cancel with them and list with us. We even get a lot of agents listing with us because their brokerage will not give them a discount on their personal homes.
The key to selling a property is the listing price, not the listing agent. We can advise you on the listing price and the selling process.
Sometimes sellers think they are doing something different, but this is not the case.
We are listing on the same local MLS as any other agent, but instead of charging a 3% commission at closing we are charging you a low flat fee,
We have "unbundled" our services. You pay for the service that fits your needs. We are your listing agent. Your listing will look the same, as all other listings. How much you pay us to list is not mentioned on the MLS. The only commission listed on the MLS, is how much you are offering to pay the buyer or leasing agent.
We are your listing agent, but instead of working for a high commission, we are working for a flat fee. We provide all the same services as any agent. There are mulitple REALTOR® MLS's in Utah. We have memberships on all of them. You will be in the correct MLS for your area, and this is where we will be listing your property. Depending on the listing package, we can help you with pricing, contract review and contract negotiations. We are full service agents. We have done traditional 6% real estate in the past, but do it this way, because it is a fantastic service.
We are your listing agent, however if a buyer comes to you directly as an Un-represented Buyer. You can sell to them and not pay a buyer agent commission, but we are still your listing agent and still here to help you with the process (depending on listing package)
We have been doing this for many years and provide you all the tools for a successful sell, but ultimately the sell of your property depends on what you do. If you overprice your property, there is no magic any agent can do.
List 2 Sell - 4P's of selling
- Presentation (staging)
- Putting on the MLS
We have been doing this many years and sold thousands and thousands of properties. The only commission agents care about is theirs. How much they are offered is posted on the MLS. The listing agent commission is not posted on the MLS. You decide how much you are going to offer the buyer's agent. You are not a FSBO on the MLS. Your listing looks just like all other listings.
- Decide on a listing package
- Order directly on site or call to order
- You will get paperwork automatically, by email
- Send paper work and photos to us
- We log in and create listing on the MLS
- We will email you a link to the listing for proofing
- We ship or deliver sign and lock box if applicable - you should have within 2 business days
- We can do a market analysis, to help you with pricing upon request
- Once we have your listing info, you can be listed same day.
Click on a question below to see the answer.
What you will find with us is that you are talking directly with the broker that will be listing your property. We are the listing broker and care about you and our business. Many companies you find on the internet are 3rd party referral sites and not even located in your state. We have been REALTORS® for years and even sold real estate the traditional 6% way. We know the flat fee way is better and the reason we do listings this way.
Agents can call you directly with basic questions. Should agents or consumers call or email us with questions, we give them you contact info.
The only way any listing company or agent could put your info there, would be in the description of your property within the actual MLS. The MLS boards do not allow any phone numbers or web addresses within the description. Info to these sites is a data feed from the MLS and is total out of the listing agent's control. Should anyone contact us about your property, we will give them your contact info.
Most clients take their own photos, however if you want to hire a professional we can refer one to you. The cost of hiring a professional can range from $100-$200. Photos are important and may be money well spent.
You sign up online, you will be directed to the listing steps and once you get all the forms/photos back to us we can get you listed.
See BROKERAGE FEE / REALTOR INCENTIVES:
As a licensed broker. I am responsible for the Brokerage Fee / Realtor Incentives offered to cooperating Brokerages. (see. Listing Agreement SECTION 2. Brokerage Fee) The contracted Commissions / Compensation must be accounted for by escrow instructions to the Title Company. If no Brokerage Fee has been offered by Seller, the MLS minimum of $1 has been posted and offered by Listing Brokerage.
You may add to or modify your incentive amount at anytime by going to our web site https://www.utahbroker.com/modify-listing. The modification will apply to New Offers submitted.
We recommend that you offer a 3% BAC, however you may offer less if you like. Many agents will still show your property, but some will not and could put them in a "bad frame of mind."
The key to selling is the Price. If you offer a 7% BAC, but if you overprice your property, it will not sell. The number of showings you get is not a function of agents wanting to show, it is a function of buyers wanting to look.
Establish and maintain a positive track record in the marketplace.
Adhere to established standards of advertising and selling.
Tell the Truth
Honestly represent our product and services, including clear and adequate disclosures of all material terms.
Openly identify the nature, location, and ownership of the business, and clearly disclose all policies, guarantees and procedures that bear on a customer's decision to buy.
Abide by all written agreements and verbal representations.
Address marketplace disputes quickly, professionally, and in good faith.
Protect any data collected against mishandling and fraud, collect personal information only as needed, and respect the preferences of customers regarding the use of their information.
Approach all business dealings, marketplace transactions and commitments with integrity.