Flat Fee MLS Listing
Flat fee MLS (Multiple Listing Service) listing is a type of real estate service where a seller pays a flat fee to a real estate broker or agent to list their property on the local MLS. The MLS is a database of properties for sale that is used by real estate agents and brokers to find properties for their clients.
With a flat fee MLS listing, the seller pays a one-time fee to have their property listed on the MLS, but they do not pay a commission to the listing agent when the property is sold. This allows sellers to save money on commission fees while still getting their property listed on the MLS, which is a powerful marketing tool for reaching potential buyers.
Flat fee MLS listing services vary in terms of the services provided and the fees charged, but they typically include a listing on the local MLS, as well as additional marketing services such as a property listing on popular real estate websites, professional
photography, and a yard sign.
Flat Fee REALTOR®
A flat fee REALTOR ® is a real estate agent or broker who offers to sell a property for a flat fee, rather than the traditional commission-based fees. In a traditional real estate transaction, the agent's commission is typically a percentage of the final sale price of the property, usually around 5-6%.
With a flat fee REALTOR ®, the seller pays a fixed amount to the agent or broker to handle the sale of their property. This fee can vary depending on the services provided by the agent, but it is typically lower than the traditional commission-based fee. For example, a flat fee realtor might charge a few thousand dollars for their services, regardless of the final sale price of the property.
Flat fee realtors typically offer a range of services, such as listing the property on the MLS, handling negotiations with buyers, and assisting with paperwork and closing. However, it's important to note that sellers may still need to pay other fees related to the sale, such as closing costs and buyer's agent commissions.
Flat fee REALTORS ® can be THE BEST option for sellers who are comfortable handling some aspects of the sale themselves and want to save money on commission fees. However, it's important to research and compare different flat fee REALTORS® to ensure that they provide the necessary services and have a good track record of success.
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