FREQUENTLY ASKED QUESTIONS
Do I Have To Pay a Buyer's Agent Commission?
We set flat fee listings up with a 3% commission to be paid to a buyers’ agent (if applicable) in order to prevent you from getting “black-listed” by buyer’s agents
Because we offer 3% on all listings, 85% of our flat-fee listings sell within 40 days (at the time of this writing).
You may want to consider bumping the price of your home by that amount in order to cover that commission.
Do I Have To Pay A Buyer's Agent Commissions If I Find My Own Buyer?
No. No additional fees or commissions are paid if you find your own buyer.
Do I Have To Pay A Seller's Agent Commissions?
No. You pay a one-time Flat Fee for your MLS Listing By Owner.
What Is The MLS? (Multiple Listing Service)
The MLS is a large database that real estate agents & brokers use to find available homes for qualified buyers. In the
Nowadays the internet has changed the real estate industry completely. Every single real estate agent has an MLS search on his/
How Can The MLS Help Sell My Home?
On an hourly
An MLS listing means more offers on your property.
The truth is you can now place an MLS Listing By Owner and not owe a sellers’ agent 3% of your sale price. Please give us a call if you have any questions and we will gladly explain the how you will save thousands and benefit from a Flat Fee MLS Listing By Owner.
What Is the Difference Between a Full Service Listing and a Flat Fee MLS Listing?
With a traditional 6% full-service real estate listing, the listing agreement runs for 6+ months. The problem for you is that the full-service listing agreement is an ‘Exclusive Right to Sell’, which prevents the owner from selling the property “FSBO” during this listing period. With a full-service agreement, the seller has little control over the selling process. Typically, a 6% commission is paid out at closing and shared between the listing and selling agent.
With a Flat Fee MLS listing, the seller doesn’t pay a ‘listing commission’ which is generally half of the 6% equaling 50% of the total commission. With a Flat Fee listing, the agreement is an Exclusive Agency Listing which allows the owner to sell the property as a FOR SALE BY OWNER. The initial flat fee is used as a marketing fee for listing your property on your local MLS, Realtor.com and an extensive host of high volume public websites. With a Flat Fee MLS listing, if a buyer finds your property without the assistance of a real estate agent, then you would pay no commission – to anyone. Your only cost would have been the initial flat fee.