How Flat Fee MLS Listing Works to Sell Your Home for Less Cost

How a Flat Fee Listing Differs From a Full Service Realtor®

In a standard real estate transaction with a Realtor®, the seller agrees to compensate the Realtor® a percentage of the sale price, typically 6% for a house. The Realtor® then places your property in the Multiple Listing Service, offering half(3%) of their commission to any agents that finds a buyer for the property.

In a flat fee MLS listing, you pay a broker a flat fee to place your listing into the MLS. The broker will still offer the 3% to any agents who find a buyer, as required by most Multiple Listing Service boards. The savings would be in the form of 3% of the sale price, minus the fee you paid up front.

The Savings Can Be Great!

If you were sell your home for $200,000, using a Realtor® you would have to pay $12,000 in commission, $6,000 to the Realtor® you listed your property with, and $6,000 to the agent who found a buyer for you.

If you used a flat fee listing, your commission owed would be $5,999, for the flat fee MLS listing broker(using Silver Basic MLS Listing program or Gold Advanced MLS Listing program as an example), and $6,000 to the agent who found a buyer for you.

By using a flat fee MLS service instead of a full service agent, you would save $6,001!

Find a Buyer Yourself, Keep you Buyer's Agent Commission!

As an added benefit, many flat fee brokers, including ADDvantage, let you keep the 3% commission a buyer's agent would receive if you found a buyer yourself. Most full service Realtors® would keep the full 6% commission for themselves in that situation!

Check out all of our available plans by clicking here.

This chart will show how much you can save with flat fee MLS!

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