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

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.

What is a Multiple Listing Service (MLS)?

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 if they produce the buyer. Sellers benefit by increased exposure to their property. Buyers benefit because they can obtain information about all MLS-listed properties while working with only one broker.

What is a For Sale By Owner (FSBO)

Abbreviated as FSBO, a home offered for sale without the assistance of a real estate agent. As a FSBO, you’re responsible for everything from start to finish. Pricing, staging, listing, marketing, negotiating, forms, contracts, legal compliance, and closing the transaction are your responsibility. FSBO’s receive a ton of calls from agents trying to get an MLS listing.

What is the difference between a Flat Fee MLS Listing and traditional 6% listing service?

The cost of the listing is a fixed amount not a percentage.
Upfront set up fees are common with Flat Fee MLS Listings.
Features are bundled differently and vary with different providers.
Flat Fee MLS Listings avoid conflicts of interest.

What is the difference between a Flat Fee MLS Listing and a FSBO?

We know the FSBO seller does all the work to avoid agent fees and commissions. For starters, to market any property in MLS, you have to pay a buyer agent commission of 50% of what would have been paid to a traditional 6% agent. When you go the bare bones Flat Fee MLS route, the broker at a minimum is responsible for creating the listing, scheduling open houses and making any updates. If you want additional help with pictures, lock box, signs, flyers, showing service, negotiating, closing, market analysis, you may pay more.

What questions should I be asking?

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)

What are my closing expenses?

It is critically important that you fully understand your costs and timing obligations before pricing your home, executing and negotiating a contract. Your agent 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.

How does the buyer agent get paid? Why am I paying his commission?

Buyer agent fees are always confusing. Real Estate is a unique industry in that the Seller sets and pays the representation fee for the Buyer. The compensation system was developed to encourage cooperation between Brokers and promote fairness. With this system, cooperating agents can know what earnings to expect without becoming a party to a transaction. The amount you pay is negotiated in your listing agreement.

What should I do to get my home ready to sale?

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. I walk into showings all the time and the garage is stacked floor to ceiling with Tupperware crates of removed clutter. Clean and make attractive all rooms, furnishings, floors, walls and ceilings. Make sure the basic appliances and fixtures work and get rid of leaky faucets and frayed cords. Make the house smell great.

Should I make repairs to sell my home?

Making repairs leads to a better sales price and a faster sell. It’s not always an easy decision about what to do and how much to spend. Your market analysis and agent should assist you in making repair decisions.

How will I see where my home is shown on the Internet?

It is simple, in considering listing services, enter the property address and Google search some of their active listings. After your listing is live, Google search your property address. You will see all the major sites on the first page. 

What are the steps involved in selling my home?

When making a decision to sell your home, you need to establish an asking price and understand your proceeds. While some sellers successfully sell their homes on their own, a For Sale By Owner (FSBO) arrangement is complicated and risky requiring a great deal of personal time and expertise through the process. For this reason, most people consider the fee paid to a real estate Broker worth the investment, for the convenience, time savings, and overall guidance provided. In choosing any MLS Listing Service, make sure you understand what will be provided and at what cost.

DFWCityhomes is an established Flat Fee MLS listing Service and Full Service real estate company that represents buyers and sellers in Watauga, Texas. Our clients receive a full service experience with agent representation at a fraction of the cost. Our simplified process is hassle free, proven, and effective.

Interested in learning more? Watch this video and click MLS Listing Services and Buyer Rebate Service to see how we may help you. Contact Us or Call (214)-207-0210 and we will explain to you how our services can save you time and money.

Our MLS Listing Services Features Include:

Fee paid to DFWCityhomes at the time of the in-home consultation for the setup of the listing and marketing for your home. See – What is your setup fee for? 

Flat Fee MLS Listing ServiceSell or Lease MLS Listing ServiceMLS Full Service ListingLuxury Home Flat Fee MLS Listing Service

Representation and support fee paid to DFWCityhomes at closing. We are at your service from beginning to end. See – What is Full Representation? What does that mean?

Flat Fee MLS Listing ServiceSell or Lease MLS Listing ServiceMLS Full Service ListingLuxury Home Flat Fee MLS Listing Service

$595 paid if the home is sold. $0 if leased.


The amount advertised and paid to the Buyers agent at closing as an incentive to sell your home. Buyer commissions are not regulated and we will offer any amount you are willing to pay. 3% is the recommended amount to pay the Buyers Agent to be competitive with other offerings.

Flat Fee MLS Listing ServiceSell or Lease MLS Listing ServiceMLS Full Service ListingLuxury Home Flat Fee MLS Listing Service
3%3% or 50%3%2% – 3%

The term of the Listing Agreement. If you are dissatisfied with our services or simply want to make a change you can cancel at any time without penalty as long as a commitment to a buyers agent has not been created with a purchase contract. Additional setup fees apply if extended.

Flat Fee MLS Listing ServiceSell or Lease MLS Listing ServiceMLS Full Service ListingLuxury Home Flat Fee MLS Listing Service
6 Months6 Months6 Months12 Months

We do not have hidden fees. Some discount brokers charge extra for signs, professional pictures, open house advertising, lock boxes and more.

We meet with you at your home to preview your property, offer suggestions to enhance your property, review your market analysis, listing agreement, marketing plan, further discuss and plan how we work together to sell your home.

We work with you to set a marketing strategy based on your needs. That impacts how quickly we get your home on the market and how it is priced.

We prepare a Comparative Market Analysis (CMA) of comparable sold properties to help determine the value of your home to generate the maximum interest and profit. We provide as much available market information from MLS as required to confidently let you establish your asking price. See – What is a Comparative Market Analysis? How do I get one?

You are assigned one point of contact at DFWCityhomes to work with you throughout the entire process.

We are at your service from beginning to end and operate with full transparency between you and ourselves on your behalf. See – What is Full Representation? What does that mean?

MLS is the electronic clearinghouse for brokers and agents to share listings. Our MLS is the Metrotex Association of Realtors covering all of Northeast Texas. Members are other brokers and agents that find your home for sale in MLS and bring buyers to preview and purchase. We gather information during your In-Home Consultation and setup your draft MLS Listing for your review and approval. See – What is the Multiple Listing Service (MLS)?

Leads generated from marketing your home are screened to find ready, willing, and able buyers for your home. How we process those direct leads is based on your listing service level.

We provide professional quality pictures for your flyer, MLS listing, and the internet. Up to 36 are allowed. See – Why are great pictures so important? and see our photography at work at – Our MLS Listing Service Photo and Video Gallery.

We provide a professional multi-color sign for your yard. See – What type of yard sign does DFWCityhomes provide? How we process those direct leads is based on your listing service level.

We provide a high security electronic Supra lock box that strictly limits entry and access to authorized licensed individuals. See – What type of lock box does DFWCityhomes provide?

With a smartphone a buyer that calls from our sign can enter your street number to hear an “Audio Tour” of your home. At the same time a text is sent with a link to view your listing on their phone. If desired, they can leave a message. How we receive and process those direct leads is based on your listing service level. Call (469) 507-2070 and enter 555 with your smartphone for a test run.

Your property information is transmitted to all major regional and national real estate portal websites and hundreds of local real estate company websites through MLS and our listing partner ListHub. See – Where is my home advertised on the Internet?

We promote your home on DFWCityhomes, YouTube, FaceBook, Linkedin, Instagram, Pinterest, and Twitter. You can help get the momentum going – On most of these social media and display sites you can Like, Tweet, Add a Comment, Follow, Rate, Reply, Pin and Post to your family, friends and acquaintances. It helps promote your home.

We provide a professional color flyer in PDF format for display and distribution in your home. For Full and Luxury Service levels we provide a display box and hard copy flyers or brochures.

Open houses are an opportunity to show your home to buyers that do not have representation, have an agent but are also looking on their own, or not quite yet ready to buy. We rely on the internet to bring in potential buyers and advertise your open house on MLS, Zillow, Realtor.com, broker and agent websites and many others. You can host your own open house events and at Full and Luxury Service levels we host your open house events. 

ShowingTime is the service agents use to schedule property showings. We set up ShowingTime completely for you and give you a password to make your updates. Feedback is requested after each showing and comprehensive reports regarding all activity on your property are provided. See – What is ShowingTime? at Full and Luxury Service levels we set up and monitor ShowingTime completely and make all updates for you.

All forms and contracts are approved for use by the Texas Real Estate  Commission and completed, prepared, and reviewed by DFWCityhomes with you for your approval.

Electronic signature is the modern, efficient, and most cost-effective way to do business. See – What is Electronic Signature? and I Have Never Used DocuSign, how do I sign a document?