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  2. Flat-fee MLS - Wikipedia

    en.wikipedia.org/wiki/Flat-fee_MLS

    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.

  3. Real estate agent - Wikipedia

    en.wikipedia.org/wiki/Real_estate_agent

    Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...

  4. Low-commission Realtors and discount agents: What’s the catch?

    www.aol.com/finance/low-commission-realtors...

    Using a flat-fee agent is another option to save money when selling your home. Flat-fee real estate agents and brokers charge a fixed rate for their services that’s established upfront, rather ...

  5. Forsalebyowner.com - Wikipedia

    en.wikipedia.org/wiki/Forsalebyowner.com

    Forsalebyowner.com is the United States largest "by owner" real estate website. It provides a real estate advertising and information service that charges a flat fee to property owners who advertise their property on the company’s Website. It created a business model that competed directly with traditional real estate firms, connecting buyers ...

  6. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    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.

  7. Multiple listing service - Wikipedia

    en.wikipedia.org/wiki/Multiple_listing_service

    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.

  8. Flat rate - Wikipedia

    en.wikipedia.org/wiki/Flat_rate

    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 ...

  9. Closing costs - Wikipedia

    en.wikipedia.org/wiki/Closing_costs

    The listing broker may offer buyer agents a portion of their commission as an incentive to find buyers for the property. Payment is required if real estate brokerage service was used. This is often one of the largest closing costs. Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan ...

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