Save Thousands in Commission Selling and Renting Real Estate
MLS stands for Multiple Listing Service.
MLS a database that REALTORS® use to share information about their inventory with other
REALTORS®. Flat Fee MLS is a service where the listing side commission which is
a typically a percentage of the sale price is replaced with a low flat fee. For Sale By Owner
sellers like Flat Fee MLS listings because they cut commissions in half and in many cases eliminate
For information about Listing Real Estate in your local area, select your area
Since the 1970s, the National Association of
REALTORS® has been measuring what percentage of homes sell by
and what percentage sell By Owner. It has consistently averaged 85:15
to Owners respectively). So if you list a piece of real estate with a traditional REALTOR®, you get on average 85% of the market and if you list it For
Sale By Owner you get on average 15% of the market. Wouldn't it be better to get
100% of the market? The goal is to encourage competitive bidding in any
market as that drives up the price of your property. The odds of that
happening increase as the market size you cater to increases. When you
list For Sale By Owner, you never know whether you would have gotten a higher
bid had your home been listed in the MLS and exposed to the other 85%.
With a Flat Fee MLS listing, that other 85% can be attracted at an average commission of 2½%±¹. The odds are that the
interest of the other 85% of home buyers will get you back more than the 2½%
cost. Still with a Flat Fee MLS Listing, the commission is variable
meaning that a buyer's broker is only paid if one assists in the sale. So
if there is no buyer's broker's assistance, and the buyer is part of the 15%,
the cost is only our Low Flat Fee which is almost the same as a For Sale By
Owner sale. So think 100% because you deserve it.
¹ All commissions are negotiable. You may set your
commission lower or
higher at the time of listing as you see fit. We do recommend you choose a number close to the mean (average) for your area. The mean Commission varies by market and may be lower or higher in your area.
* Use of the term For Sale By Owner in conjunction with MLS, the phrase multiple listing service, or Realtor.com denotes that you fill out the forms "by owner" to list your property "for sale" with our licensed Broker. Our licensed broker in turn publishes your listing in the MLS's database which in turn feeds it to Realtor.com. It does not imply that you will be granted direct computer access to the MLS yourself or that this site is a representation of the MLS library of listings. All references to the term for sale would be interchangeable with for rent if you are listing a rental. Commissions are negotiable by law in all states.