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What are Flat Fee Listings? |
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Flat Fee or Limited Service listings are where you pay a flat fee to a dues-paying MLS subscriber to place your home on the MLS. Once on the MLS, the listing agent will generally have limited involvement in the rest of the transaction. Should the seller be ready, willing and/or able to arrange for the handling of his/her side of the transaction, the savings/benefit can be significant (3% minus the flat fee). Here’s how it works: List your home on the MLS and offer to pay a buyer’s agent commission (typically 3%) if they bring a buyer with price and terms acceptable to you. If, however, you sell your home without a cooperating broker or you find your own buyer, you owe no commissions!
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