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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.
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
According to the newest data from Clever Real Estate, only 10% of recent home sellers used a newly popularized selling method, like using an iBuyer, a cash buyer company, or a flat fee MLS listing....
In real estate, "flat rate" is an alternative, nontraditional full service listing where compensation to the listing agent is not based on a percentage of the selling price but instead is a fixed dollar amount that is typically paid at closing. The rate is generally less than a gross 6% commission, resulting in a lowered cost of selling real ...
According to a survey from Clever Real Estate, 77% of recent home sellers used a traditional real estate agent, and 73% stated that this method was the best way to sell a home. However, 57% of ...
The MLS, or Multiple Listing Service, compiles the homes that are for sale in a particular area.
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