What is the Multiple Listing Service?

A multiple Listing Service, also known as MLS, is a database of properties that are listed with real estate brokers.  A broker member must be licensed in their state by the governing real estate licensing department.  They then must pay a monthly fee to belong to the local MLS and usually a membership or initiation fee as well.  The broker member of an MLS who obtains a listing submits it to the MLS database. He or she is the "Listing Broker". The listing information is immediately available on the MLS database, which agents use to search for properties to show their buyer.  The Buyer's Agent, also known as the "Selling Broker" (not to be confused with the Seller's broker), represents the buyer and will expect compensation from the seller if the property is sold by them.  The commission percent or dollar amount is disclosed in the "Buyer Broker Commission" field in the MLS, so agents know right away what the seller is willing to pay if an offer is accepted and the sale closes.

The MLS cannot be accessed by the general public and all changes and/or modifications must be made by either  the member broker or their authorized staff.  The listing, however, will be available to view on Realtor.com, and thousands of public sites like Windermere.com, JohnLScott.com, Remax.com, etc.

The advantage of the flat fee MLS system, is that you pay your fee upfront (as low as $185- NOT 6%) and offer whatever amount of commission you want to the buyer's agent.  By listing with www.List4FlatFee.com, you sign an Exclusive Agency listing agreement, which allows the seller to continue to advertise FSBO and sell to their own buyer.  The seller is NEVER obligated to sell to a buyer brought to them by an agent or on their own and can cancel their MLS listing with List4FlatFee.com at anytime without obligation.

One big advantage for the seller in listing their property in the MLS is accessing those buyers who work exclusively through a real estate agent and don't look for the "for sale by owner". Additionally, the MLS databases are downloaded to public sites such as Realtor.com and hundreds of real estate company websites, local and national which gives the seller much more exposure then just listing on a fsbo site or placing a sign in the front yard.

If you are ready to sell your home and get the most exposure possible without paying the traditional 6% commission, then the Flat Fee MLS program is for you.  CLICK HERE to sign up!  Please email or call me with any questions: stacie@list4flatfee.com 1-877-364-5478