Listing Flat Fee MLS is like selling your home entrepreneur-style. If you feel that you can take phone calls from potential buyers, schedule your open houses, and contact your local title company, you may have what it takes to sell your home Flat Fee.
Once your home is listed in your local MLS, your home's information will be picked up and syndicated to many other publicly accessed Real Estate websites such as Realtor.com. If a Realtor brings you a buyer, then you will be obligated to pay the commission percentage that you are offering. This is always decided before the property is entered into the MLS, and it is usually between 2 1/2 - 3 1/2%.
However, if you are also marketing your home in areas such as Craigslist or local newspapers, and a potential buyer contacts you direct, you would pay NO Realtor commission.
Just remember that selling Flat Fee MLS and selling FSBO are two entirely different strategies with major marketing differences. FSBO can and does work, but with Flat Fee MLS, you gain incredible marketing power through both the MLS and your listing Broker's work.
For much more information concerning Flat Fee MLS, please read our FAQ page, or you may call us direct.