Home Selling in 60585>Question Details

Srini, Home Seller in Plainfield, IL

Will BUYER real estate agents call flat fee MLS listing owners just like seller Real estate agents to verify?

Asked by Srini, Plainfield, IL Mon Jun 16, 2008

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I have a question... Someone told me that Buyer RE agents will feel more comfortable to call Sellers agents than Flat fee MLS listing OWners directly ? Is it a true statemnet or Not so correct statement ? This is regarding showings and any information.

Also heard that these Buyers agents will try to eliminate the listings of Flat fee MLS listing when they send info to their Buyers or Would advise against them when compared to tradition sellers agents listings ....?

Comments from RE agents are welcome......

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Answers

16
As long as you are offering a commission that is competitive with other homes for sale in the area (typically 2.5 - 3.0%), you should feel confident that buyer agents will want to work with you as an unrepresented home seller.

We offer flat-fee MLS service in California and the only times I can recall an agent not wanting to show a home is when the seller offers a lower that typical commission (i.e. 1%) - although that has also worked for some of our sellers.

Be sure to shop around on flat fee MLS listing prices as well (and what is included in that price) as these can vary dramatically, often without reason. The main things to look at are:

1. Price (varies from $80 - $600)
2. Length of Listing (varies from 1-12 months)
3. Photos on MLS (varies from 1-24 max)
4. Syndication (make sure your listing will appear on trulia, zillow, & realtor.com)

Happy home selling,

homecoin.com
CA DRE # 01888948
3 votes Thank Flag Link Mon Jul 1, 2013
I sold my house on the MLS with Realtor.com so who cares about agents anyway.
Web Reference: http://www.mlsisland.com
2 votes Thank Flag Link Thu Jun 3, 2010
I also sold my home, but was able to list on the MLS by using a flat fee listing. It worked really well for us. All calls came directly to us and it worked out great. Saved money and sold our home!
Flag Tue Jul 15, 2014
I don't think so I used a flat fee realtor to sell my house in New York. I actually sold my house right off Realtor.com so I really didn't care lol

I used a service to list on the MLS by owner on Realtor.com for only 3 months for only $99 bucks
Web Reference: http://www.mlsisland.com
2 votes Thank Flag Link Thu Jun 3, 2010
The answers to your questions will vary by agent. However, yes, most agents will feel more comfortable calling and talking to the seller's agent rather than the owners directly. Claudia's absolutely correct that some sellers are difficult to work with and don't have any experience beyond buying (and maybe selling) their own home. Some sellers are great to work with, but they're in the minority.

I wouldn't eliminate the listings of flat fee MLS listings before sending information to buyers. I might caution a buyer that a transaction might be more difficult with such an owner--just as I'd advise a buyer that a short sale or REO is likely to be more difficult than a conventional sale. But if the buyer was interested in a flat fee MLS listing, I'd do everything I could to help facilitate the transaction.

Hope that helps.
2 votes Thank Flag Link Tue Jun 17, 2008
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
Contact
Even when 3% commission is offered I do not like dealing directly with the home owner.
1 vote Thank Flag Link Wed Aug 17, 2011
this is very bad comment. Hope you are still have your job
Flag Thu Jul 17, 2014
S
I don't think Realtors will have an issue calling if they need to call you.

However, in a strong buyer's market it is more likely that Realtors will show the homes that are easiest to show and represent the best value for their clients as a whole. Part of that value may include the idea that you want the Realtor to handle both side of the transaction for you for the price of one. Many flat free brokers only help you if you pay them.

You should also know that Help U Sell went bankrupt. If you really need to sell, be careful.
1 vote Thank Flag Link Fri Jun 12, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Hello Srini,

No, it's not true for me. I have no problem call the sellers direct and setting an appointment. If my buyer wants to see a home I'll show it to them.

Good Luck,
Deana Truppa
1 vote Thank Flag Link Tue Jun 17, 2008
I am a real estate agent that offers a flat-fee for sellers...only one difference, I am always still the contact for buyers agents. I do think that you are going to be affected by having you phone number on the MLS.

Buyer agents what to work with other agents...not homebuyers. Some seller's are difficult to work with and generally don't have any real estate experience other than buying and selling their own homes so as an agent I would personally rather work with another agent before a homeowner. Especially in this tough market and with so much inventory out there right now, you would have an advantage by having an agents number as the contact.

My advice would be to see if there is a service from any agents like the one I offer. You can take a look at my website to get a better idea.
1 vote Thank Flag Link Tue Jun 17, 2008
A question someone pulled up from 2008 with 14 answers......
0 votes Thank Flag Link Tue Dec 8, 2015
GO TO THIS WEBSITE IF YOU LOOKING IN HOUSTON
http://WWW.BUYBROKER.NET
0 votes Thank Flag Link Mon Dec 7, 2015
This could be the case for some agents. We are all unique, just like each home and seller is unique. I have never sold a home that was listed on the MLS where it stated to contact and negotiate with the seller. Not because I had anything against the listing.

The reasons were as follows:
1) Price too high
2) Showing too restrictive, and I mean very restrictive
3) Photos did not show the home positively
4) Difficult to get a hold of seller
5) Terms listed not typical for market
6) Limited access, no lock box, etc.
7) Compensation too low making the house overpriced to buyer when they would be paying the buyer side commission.

So with that, the house needs to compete at a favorable level with other homes listed by agents.
0 votes Thank Flag Link Sun Apr 27, 2014
Sadly, I have heard that some real estate agents do not want to show flat fee listings. It does happen. But most realtors are fair minded enough, and moral enough to work with sellers who are selling via a flat fee listing. Flat fee listings are a good thing and they can save sellers a ton of money. So it is natural that some realtors feel threatened. The industry is changing and they will have to adapt.
0 votes Thank Flag Link Sun Apr 27, 2014
I sell with a flat fee model and had a great 2013!
http://499mls.com/news/

I have not had any problems with other agents as long as you are still willing to pay the standard percentage to them.
0 votes Thank Flag Link Thu Jan 9, 2014
I am a flat fee MLS Broker and buyers agents will not avoid my listing because I offer them 3%.
The listing agent only checks the MLS to see what the listing agent offers, otherwise they have no Idea with the agreement for the listing is with the seller.
Most buyers end up finding the listings on har.com or realtor.com and sending the info to the buyers agent so they can schedual the appointment.

So why pay 6% when you can pay only $500.00

Mitchell Haynes

Http://www.har.com/buybroker

Http://www.har.com/bybroker

Cell 832-377-9570
0 votes Thank Flag Link Fri Jun 12, 2009
Claudia, very good response and great for you that you offer the flat MLS program with options, Question does your fee include taking pictures ? I certainly understand that many FSBO preferring option of MLS need to offer fair buyer agent commissions. I see a lot of FSBOs out there...ok clueless...there are some people that can take on the extra work , study and are ready to launch, I would suggest that a FSBO preference for flat rate MLS should also purchse a lock box I think thats a necessity why well it makes it easier on buyers agent to show the house, this is a professional cooperative relationship...Claudia CAn you open an office in NH :>) thanks for your info
0 votes Thank Flag Link Thu Jun 19, 2008
Flat fee Realtors are REALTORS who abide by the same code of ethics as other Realtors. Flat fee Realtors do the same work as % listing agents do. They charge a fee to list instead of a %. This does not affect the buyer or the buyer's agents who earns the same % commission as he/she would with any MLS transaction.
0 votes Thank Flag Link Thu Jun 19, 2008
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