That Was Then, This Is Now | Low Commission Realtor | Full Service ...

Real estate brokers cooperate with each other to get homes sold.? One broker may list a home, while another broker brings the buyer.

Real estate brokers post their listings on the MLS as a way to offer compensation to cooperating brokers if they find a buyer for their listing.? This compensation is called the Buyer?s Agent Commission.

Traditionally?

The traditional broker charges you a total commission for a handling every aspect of your home sale from listing to closing.? This is called Full Service.

A full service real estate broker then offers a part of the commission to the real estate broker who brings the buyer.

Until recently, real estate brokers have had the upper hand on For Sale By Owner sellers because of the Multiple Listing Service (MLS).? The MLS is a real estate broker?s secret weapon for selling homes.

The MLS is how brokers offer compensation to each other and how they share information about what homes are for sale.

The only way to have your home posted on the MLS is through a real estate broker.?

Now?

The only way to have your home posted on the MLS is still through a real estate broker.

But you can be on the MLS without paying a full service commission.? A Flat Fee MLS listing is an alternative to the traditional full service way of selling your home.

With a Flat Fee MLS listing, you become a For Sale By Owner on ?steroids.?

How does it work?

• Find a Flat Fee MLS broker in your state
  

• You will pay a small upfront fee for the broker to list your home on the MLS

• In addition to the upfront fee, you will agree to offer and pay a Buyer?s Agent Commission to the broker who finds a buyer for your home

• There is no commission due of you sell your home on your own to a buyer not represented by a real estate broker

• With a Flat Fee MLS listing, you will handle all of the traditional For Sale By Owner duties of doing your own marketing, showings, negotiating, etc.

• Hiring a real estate attorney to assist with negotiating and contract details is always a good idea

If you have decided or are considering selling your home on your own, a Flat Fee MLS listing is now your secret weapon.

?

Lisa Henderson is a Connecticut Real Estate Broker and Owner of Realty By Design.? She is an Entrepreneur, Marketing Expert for Connecticut Home Sellers and an Advocate for For Sale By Owner Sellers. Her unique talent is using the principles of marketing theory to sell homes. Her systems help the average home seller get the biggest bang for their commission buck. She has a track record of delivering value to her clients while lowering the cost of selling a home. She has been successfully marketing her own entrepreneurial businesses for the last 25 years.? Give Lisa 10 days and she?ll show you How to Make More Money When Selling Your Home.

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Tagged as: discount broker, flat fee mls, fsbo, list on the mls, listing agent, selling your home

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