My little discussion forum on real estate commission
This one time real estate commission fee system is known in the real estate industry as Flat Fee MLS (Multiple Listing Service) and allows the seller to list his home on the Multiple Listing Service and other public websites for a one time flat rate that is paid upfront when you list. You will still have to pay a percentage based real estate commission to a buyers broker when you sell your home, but this amount will be only a fraction of the real estate commission you would have paid under the old system. And, if the buyer does not go through a broker, the flat rate will be your only real estate commission responsibility. It almost goes without saying that the flat rate real estate commission system is the most cost effective way to sell your home. You will receive the same amount and quality of service as you would under the percentage based real estate commission system.