Saturday, January 19, 2008
Flat fee MLS
Flat fee MLS (sometimes referred to as "flat rate mls" or "fixed fee mls") refers to the practice in the real estate industry of placing pertinent information about a property for sale into the database of the local Multiple Listing Service (MLS) for a set fee or dollar amount as opposed to a commission based on the sales price of the property.
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2 comments:
Actually for a low Flat Fee you get a bit more than simply "placing pertinent information about a property for sale into the database of the local Multiple Listing Service (MLS)"
Most of the time you get:
Realtor.com
6 Months of MLS listing
1 photo in the MLS
1 photo in Realtor.com
Retain the right to sell on your own
Often you can get for a small additional fee:
More photos
Home Tours
More time
Home warranty
Selling assistance with the paperwork
Closing assistance
Competitive Market Analysis
You must be careful. ALL STATES work a bit different. There are MANY MLS's within a state and most of the time ALL MLS work a bit different. Make sure you search until you find the ACTUAL FLAT FEE BROKER. Don't just stop at the advertiser. Ask, "Are you the actual broker for (fill in your state)." If the answer is "No" or "I have a network of brokers", then keep searching. You need the real answers, not how things typically work.
In Michigan, Greater Michigan Realty is the largest Flat Fee Real Estate Company and our Silver Package is often the typical standard package offered by the advertisers.
Gary (Flat Fee MLS) Moody
www.greatermichiganrealty.com
FSBO MLS is taking over the real estate market. Listing on the MLS by owner is the best way to sell your home. All it takes is a few bucks and you can sell for sale by owner on MLS.
For Sale By Owner MLS | Flat Fee MLS | Florida FSBO MLS | San Diego Flat Fee MLS
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