Hey Grapevine, Texas. What is a flat fee MLS listing?

A “Flat Fee MLS Listing” refers to the practice in the real estate industry of a seller entering into a service agreement with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.

Today, through more than 800 local and regional MLS associations across the USA, brokers share information on properties they have listed and invite other brokers to cooperate in their sale in exchange for compensation.

Abbreviated as FSBO, a home offered for sale without the assistance of a real estate agent. FSBO’s receive a ton of calls from agents trying to get an MLS listing.

The cost of the listing is a fixed amount not a percentage.
Flat Fee MLS Listings avoid conflicts of interest.

The FSBO seller does all the work to avoid agent fees and commissions. With our service, we help you want with pictures, lock box, signs, flyers, showing service, negotiating, closing, market analysis, and good old advice.

What are all the fees and commissions? (Avoid hidden fees)
Do you help with pricing strategies? (Get a market analysis and explanation)
How will you market my property? (MLS, photos, web sites, sign, flyer)
How will you schedule appointments? (You or a showing service)
What is your track record? (Past performance, how many deals are you working)
How do you provide representation? (Who is the point of contact, who handles negotiation)
Do I have to speak to buyers and their agents? (You or agent)
Do you provide transaction and closing assistance? (You or agent)
How long will it take to get my listing in MLS? (Days or weeks)
How do you communicate with me? (Email, text, phone, help desk)

Your REALTOR® should help you understand your closing expenses at the time of the listing based on your approximate list price. When an offer is received, contract terms can be different based on timing and terms and another evaluation is required to correctly understand the offer in hand.

Real Estate is a unique industry in that the Seller sets and pays the representation fee for the Buyer. The amount you pay is negotiated in your listing agreement.

The way you sell a home and live in a home are different things. The foremost number one thing to do is, “declutter” counters, walls and rooms.

Making repairs leads to a better sales price and a faster sell. Your market analysis and REALTOR® should assist you in making repair decisions.

After your listing is live, Google search your property address. You will see all the major sites on the first page. 

Ask your REALTOR^®, most people consider the fee paid to a REALTOR^® worth the investment, for the convenience, time savings, and overall guidance provided.