Most real estate companies charge a traditional 6% commission and in return, they agree to place your home in the
Multiple Listing Service, market your property in newspapers, magazines, hold open houses and Broker's opens, and do all the leg work in the transaction when an offer is received. This 6% commission is usually split 50/50 between the Listing Agent and the Buyer's Agent.
With your Flat Fee Broker's guidance, you can cut this traditional 6% real estate commission in half by doing the work of the Listing Agent, yet still paying a competitive 2.5% to 3% Buyer's Agent commission to the agent who brings an acceptable offer. Since the flat fee includes placing the Seller's property information into the Multiple Listing Service (MLS), thousands of agents will be alerted to the listing. The Seller may advertise as he/she sees fit, and if a Buyer is procured by those efforts, no commission is paid. In this scenario the Seller will be a For Sale By Owner.
Not only will your property be on the MLS, but it will also appear on
Realtor.com, and most real estate company websites. Statistics show that a majority of Buyer's now consistently use an online search to find a property to purchase. With the powerful tools of the internet and the MLS, you have the resources needed for a successful sale.
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