Flat Fee Listing FAQ’s

Flat Fee Listing FAQ’s

What is the MLS?

The MLS (Multiple Listing Service) is a digital database that Realtors® use to list items for sale such as: residential homes, rental properties, commercial properties and vacant land. Once listed for sale, cooperating brokers, as well as the general public, can view and shop the listings.

What is a Flat Fee Listing Service?

It’s a service used by homeowners looking to save on Realtor® commissions by selling their home themselves, but would still like to receive the powerful benefits associated with using the MLS to market the home. Our office will list your home for sale in the MLS for a flat, upfront fee as opposed to collecting a commission at closing based off a the sale price of your home.

Do I have to pay a Buyer’s Agent?

If you want to list your home in the MLS, you MUST offer a cooperating brokerage commission (buyer’s agent fee). It is solely up to you what to offer, but we typically see between 2-3% of the sale price being offered. However, even though you’re listing it in the MLS, you still have the ability to sell it on your own without a buyer’s agent involved. If that should happen, you’ll avoid this expense completely.

How do Agents/Buyers contact me?

Buyers/Agents contact the Seller directly for all questions, showings and offers. The Seller’s contact information is placed in the “Showing Instructions” of the MLS for Buyer’s Agents to see. However, it is a violation of the MLS rules for a Seller’s contact information to be placed in the home description. If a Buyer/Agent calls or emails our office, we direct them straight to you.

What paperwork will I be signing for the listing?

Here is a copy of the Limited Service Listing Agreement (LSLA-3)
Here is a copy of the No Brokerage Relationship Disclosure (BRD-3nbr)

What websites will my listing syndicate to?

Our listings syndicate to all of the major sites, such as Zillow, Trulia and Realtor.com, but we also syndicate to around 160 more. View the List Here

What if I want a traditional listing agent?

No problem at all. Head over and view our Traditional Listing Options and we’ll be happy to help you out there.

Email us at Info@JamesRoy.net to get started or learn more here: