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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.
Some critics of the National Association of Realtors' report believe those statistics may be misleading and suggest that the true market share of FSBO is higher than the NAR's reports suggest. This claim is in part because flat-fee MLS now makes up 10% of transactions. [8] They argue that flat-fee MLS sellers are in effect FSBO sellers.
In 2007, the real estate brokerage Realtysellers shut down after alleging that CREA and TRREB had modified their rules to hinder flat-fee MLS services on behalf of those selling houses themselves. In 2010, CREA settled with the Competition Bureau, and agreed to allow flat-fee listings. However, some real estate boards continued to bar the ...
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A flat fee, also referred to as ... Flat fee MLS; Flat rate (finance) Flat tax; Rural Internet; Too cheap to meter; References This page was last edited on 29 July ...
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