Flat Fee MLS Listing
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What are the best Flat Fee Companies?
We looked into flat fee advertising, and we believe using a full service flat fee broker is the best option for selling your house.
The newest way to market real estate is through flat fee MLS listings or discount REALTORS®. We have spent the time to write unbiased evaluations of various flat fee businesses. While some businesses are based in their respective regions, others are elsewhere. Some businesses are what are referred to as third party referral services. In other words, they accept your order and send it to the state's lowest-bidding company.
What is Flat Fee MLS Listing?
Flat Fee MLS Listing is when a seller enters into a "à la carte service agreement" with a real estate broker, who takes a flat fee rather than a percentage of the selling price for the listing side of the transaction. The services that a traditional real estate brokerage provides are usually unbundled by an MLS brokerage, and the property is listed for sale in the local MLS à la carte without requiring the seller to take advantage of all services. Flat Fee services range from MLS only to full service.
What is the history of flat fee listing?
A Flat Fee listing on the MLS would provide the seller with a listing just like any other listing with the difference being they maintained freedom to sell on their own and had to deal directly with inquiring agents all the way through contract and closing. At first, there was an uprising by full service Real Estate companies because this service would surely cut their ability to monopolize the MLS and the ability to get Exclusive Right of Sale Listings where no matter what they would get a commission. The FTC eventually stepped in and ruled that the Flat-fee model be able to remain in place because it gave the home sellers another option which would save them money and introduce more competition to the marketplace. In addition, the seller benefits from being syndicated to other site feeds like Zillow, Trulia, Realtor.com and around 100 other web sites which is automatic once it is on the MLS.
I have never sold this way?
If you have ever listed on the MLS, then you have listed this way.
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.
Am I listing as a for sale by owner on the MLS?
You are not listing your property yourself.
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 is only one REALTOR® MLS in Connecticut, 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.
If a buyer comes to you directly as a FSBO - FOR SALE BY OWNER you can sell to them and not pay a buyer agent commission, and we will still help you with the process.
Do agents show flat fee listings?
Yes, agents will show your listing. You are not a "flat fee or fsbo" listing on the MLS. All listings look the same.
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 Connecticut 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.
Can I sell myself and not pay a commission?
If a buyer comes to you directly, without a buyer's agent, there will be NO buyer agent commission and NO more commission due to us. However most buyers do work with agents.
What are the most popular sites downloaded by the MLS?
There are thousands of sites that download from the MLS but the 2 most popular are realtor.com and zillow