Andika Duncan REALTOR® 214-495-1951
What is a flat fee listing?
Flat Fee MLS generally refers to the practice in the real estate industry when a seller enters 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. It is a great and affordable way for FSBOs, “For Sale By Owners” to sell their property without and agent, yet still benefit from the exposure the Multiple Listing Service provides. Sellers can usually save thousands of Dollars in commissions versus listing with a full service broker, where sellers sign an exclusive representation agreement and pay 6% sales commission, and are obligated to pay the commission even if the seller finds the buyer. The only catch is that the agent doesn’t provide any other services, and doesn’t help with the negotiations and paperwork either. There are different flat fee packages available, depending on what the agent will provide. If you work with a reputable company, like Ultima Real Estate in Dallas, Texas, you can even upgrade your service at any time with no penalty, or you can also cancel in case you change your mind, unless your property is under contract.
Broker: Ultima Real Estate 5339 Alpha Rd #120 Dallas TX 75240