How This Works!

 

Note: Not all Flat Fee MLS Companies are the same?

This is a common myth usually started by the inferior companies trying to sell the idea in hopes to justify their service and discredit the competition. Usually, they have an extremely low price to attract shoppers and over state the obvious to make it look like they have a lot of services. Another tactic is to omit what is included in their package leaving shoppers to guess or assume what is included. Probably, the worst tactic, is to sell a Flat Fee MLS package to non-suspecting customers for an area they do not cover. Unfortunately, this is a common method as we regularly receive e-mails asking if we can handle their customers for them.  (example)

 

5 Easy Steps to Listing Your Property on the Realtors® MLS.


1. Select your state on our Flat Fee MLS Coverage Map, or click the Drop Down Box, on our home page to see the areas we cover and the details of our Flat Fee MLS Listing package. 

2. After review, click the "Buy Now" button located below the details of our Flat Fee MLS Package. This will take you to our credit card processing company. A receipt will be emailed to you within a couple of minutes of your purchase.  

3. The Broker will then send the forms and information they will need to create your Realtors® MLS Listing. Note: In some cases, the Broker may be out of the office and it will take them a little longer to make contact with you.

4. Once you have returned the forms to the Broker, they will create your Realtors® MLS Listing within an hour or less.  Note: In some cases, the Broker may be out of the office and it will take them a little longer.

5. Your home is now LIVE on the Realtors® MLS. We will email, fax, or mail a copy of your Realtors® MLS Listing to you for review.      

 

 

Competition and Real EstateAntitrust Division

Consumers Can Save Thousands of Dollars in Commissions

Consumers who live in states permitting the option to choose innovative brokerage options, such as rebates or fee-for-service MLS-only packages, can potentially save thousands of dollars on commission payments.

This table shows that consumers can save more than $6200 in commissions on the sale of a median-priced home.

Table: Brokerage Options and Potential Savings on Home Sold for $184,334

Option
Seller’s Broker Commission
Buyer’s Broker Commission
Total Commission
Saving
Full-Service
(5.3% commission)
$4,885
$4,885
$9,770
$0
Buyer: Broker Rebates 1%
$4,885
$3,042
$7,927
$1,843
Seller: Fee-for-Service, MLS Only
$500
$4,885
$5,385
$4,385
Buyer and Seller Savings Combined
$500
$3,687
$4,187
$6,228

 

The source of this information is provided by:

The Department of Justice Competition and Real Estate Antitrust Division

http://www.justice.gov/atr/public/real_estate/commission_table.htm