A traditional listing service, also known as a full-service listing service, refers to the practice of hiring a real estate agent or broker to represent a seller in the sale of their property. Under this type of listing service, the agent or broker typically charges a commission fee, which is usually 5% – 6% of the sale price of the property. The commission fee is usually split between the seller’s agent and the buyer’s agent, which means that both agents have a financial incentive to negotiate the highest possible sale price for the property.