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Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte 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.
The rate is generally less than a gross 6% commission, resulting in a lowered cost of selling real estate. "Flat rate" is different from "flat fee" in several ways: i) it is generally substantially more than a "flat fee" rate; ii) it generally represents a full service listing as opposed to a "flat fee" limited service listing; and iii) it is ...
The commission is usually a percentage of the sales price of the property, ranging from 2 or 3% up to about 10%, but usually in the range of about 3 - 7% for houses. The commission could also be a flat fee or some combination of flat fee and percentage, based on the rate you negotiate. Commission rates and fees are negotiable and not regulated.
According to one study by the Real Estate Staging Association (RESA), staged homes sold for around $40,000 over the list price in 2021, and sold nine days faster than the average days on market ...
The MLS, or Multiple Listing Service, compiles the homes that are for sale in a particular area.
How real estate commissions are changing: A ‘price war’? ... 6 percent was the going rate for real estate commissions; 3 percent to each agent. ... wooing sellers with a flat fee of $3,200. It ...
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