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What is a Flat Fee MLS Listing

Flat Fee MLS Listings are a fast growing way to sell your home using a Realtor®. You get the same placement in the multiple listing service (MLS) and appear on multitude of internet websites just as you would with traditional commission-based listings. In fact, the services are often exactly the same or sometimes greater than those offered by traditional or "full-service" brokers

Flat fee listings often allow you to select only the options you feel are most important in selling your home. This means that choosing inclusion in MLS and on the internet you take advantage of the most effective marketing that sells 80-90% or more of homes. Adding a sign reaches the local market and drive-by shoppers, thus expanding your coverage even more. This allows the seller to drive their selling experience just as they would when selling by owner but avoids the expected price reduction that many buyers are looking for once they see the for sale by owner sign. Generally, buyers have no knowledge of what you are paying for your listing because the listing appears with little or no different than a traditional listing. This is especially when a flat fee option including assistance in negotiating is chosen.

You save money because you only pay a small fixed fee at the time of listing. You pay a commission only to one side of the transaction rather than both sides. This can save you almost half of what you would pay for a traditional company. Additionally, most flat fee companies will not charge any fees other than the initial flat fee if the buyer does not have a Realtor® representing them. This typically happens if a buyer contacts you directly or if the buyer contacts the Flat Fee company directly.

Flat fee listing appeal to for sale by owner sellers and those looking for full representation at a discounted price. With the flat fee approach, you can choose how much you want your Realtor® to do and only pay for those services you want.

Just as with traditional real estate companies, the quality and skill of each Flat Fee Listing company varies and will be very important to your experience with a flat fee listing. Look for things like speed of placement on the MLS, money-back guarantees, and available customer service to help determine if a particular company is right for you.

As a leading provider of Flat Fee MLS listings, we strive to offer the best service at a great price. See our Program Details page for more information.



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