What is Flat Fee MLS?
Flat Fee MLS is a service provided by select real estate brokers like ClickYourMouseSellYourHouse.com that allows homeowners to list their property in the MLS (”Multiple Listing Service”) for a flat fee. It is essentially a variation of discount real estate brokerage, where the service has been reduced to the bare minimum of entering a home into the MLS database.
The reason that this known as “Flat Fee” MLS is that Real Estate services in the United States are typically offered on a commission basis. Traditionally, the commission would be between 2-3% for a listing agent and 2-3% for a buyers agent. However, under the Flat Fee MLS scenario, there would be a set flat rate paid to the “listing agent” who enters your home into the MLS.
The primary benefit of a Flat Fee MLS listing is that the for sale by owner homeowner can potentially save thousands of dollars. Some homeowners worry about the risk of taking responsibility for representing themselves in both the legal and marketing portions of the transaction which a traditional agent would help with. Since some homeowners still want additional assistance, ClickYourMouseSellYourHouse.com also offers home selling options to assist the for sale by owner seller.