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You Can Save Thousands With Flat Fee Real Estate Brokers
There is no doubt about it, listing on the MLS (Multiple Listing Service) is the best way for you to successfully sell your home. In fact, up to 90% of all homes sold in the United States are sold as a direct result of MLS listings. One of the things you may not understand about the MLS, however, is that you need to have a real estate agent list the home for you because only they have access to the MLS. You can agree to pay a real estate agent a percentage of the sale or you can go with one of the flat fee real estate brokers available. Flat fee real estate brokers usually charge a one-time flat fee to list your home on the MLS.
If you agree to pay a percentage of the sale the average commission paid to the seller is 6% of the final sale price. This can amount to thousands of dollars. While the commission may be negotiable, in most cases real estate brokers will not allow their agents to cut their commission. So, one of the main reasons why you want to list your home with a flat fee broker is that it can save you a lot of money.
However, you should know that after you pay your one-time flat fee you will not receive the full service of a typical real estate agent. Essentially, you become a real estate agent. Of course, different flat fee real estate brokers offer different packages. Some offer signs, lockboxes, and other marketing materials while others do not. So it is best to research different flat fee real estate brokers to find the one that provides the best package for the best price.
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