Real estate commission insights
You will still have to pay a percentage based real estate commission to a buyers broker when you sell your home, but this amount will be only a fraction of the real estate commission you would have paid under the old system. And, if the buyer does not go through a broker, the flat rate will be your only real estate commission responsibility. It is clear that the Flat Fee MLS system is the most cost effective way to sell your home. You will receive the same amount and quality of service as you would under the percentage based real estate commission system. Some agencies will even permit you to place a For Sale By Owner sign on your property, with your own telephone number, which can draw buyers directly to you and save you thousands come closing time.