See what your savings can do for you*

* Assumes 2.5% buyers commission, saving could be substantially greater with no buyers commission.

Flat Fee MLS Listing

COMMISSIONS: Sellers are NOT REQUIRED to offer a commission.  Offers of compensation to a Buyer’s Agency, if any, made by the Seller WILL NOT be displayed in MLS*. Listing Agents no longer offer commissions to Buyer’s Agents. Technically, Buyers are responsible for the Buyer’s Agency Commission. It is the Seller’s responsibility to convey willingness to compensate Buyer’s Agency. HomeZu does not participate in negotiations of compensation. Sellers are not required to agree to any Buyer’s Agent request for compensation. *Massachusetts MLS-PIN displays compensation until further notice

TC CLOSING FEE: Sellers pay a “Transaction Coordination Fee (TC Fee)” of 1/4 of 1 percent (0.25%) of Gross Sales Price to Listing Broker to cover costs associated with coordinating the transaction after an offer is accepted, and employing and enforcing policies and procedures required to stay compliant with State Laws and MLS Rules. TC Fee is disbursed at Closing by Settlement Agent.

*Refund Policy: There are no refunds after property is listed in MLS, unless we refer you to a full service agent that successfully sells your property. Cancelations made prior to property listed in MLS will incur a $50 cancelation fee.

Flat Fee MLS Listing is the practice in the real estate industry where a seller enters into a listing 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. The buyer’s broker is still typically offered a percentage though that could be a flat fee as well. A discount flat fee MLS brokerage typically unbundles the services a traditional real estate brokerage offers and list the property for sale in the local multiple listing service (MLS) a la carte without requiring the seller to use its services for valuation assistance, negotiating, transaction management and showing accompaniment. Flat Fee brokers are real estate brokers, just like the national brand names, but offer discounted or unbundled services. Most flat fee brokers do offer full service brokerage services.

In the Listing Agreement between the Listing Broker and the property owner typically requires the broker to enter the property into the MLS and provide other contracted services, with the broker acting as what the traditional industry has coined a “limited service broker”. However, the flat fee industry prefers the term a la carte broker because the services are not limited. Instead freedom of choice is expanded to allow sellers to pick from a menu of services.

Within the nontraditional real estate services market, there are multiple programs offered to sellers that share the common objective of saving the consumer money by reducing the overall expense of selling real estate. A “nontraditional service” does not automatically entail “limited service”. For instance, some full-service brokers list properties under a full-service agreement but charge a “flat rate” that is not a percentage of the sales price.

The main differences flat fee Multiple Listing Service and traditional services, flat fee allows the seller to sell as a for sale by owner in and not pay a commission. With traditional commissioned real estate agents, if you sell your own property, you will own the agent a high commission. Flat fee listing allows the customer to sell as a FSBO and with an agent, having the best of both worlds.