Definition
An MLS listing for a flat fee ($300-$500) instead of commission, providing listing access and basic support while you handle marketing. Saves partial commission but lacks agent marketing effort.
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Flat-fee services (typically $300-$500) provide MLS listing and basic support while seller markets property. Saves partial commission but still reaches agent buyer base.
Pro Tip
Flat-fee listings reach agent buyers but lack agent marketing. Works best in strong markets.
Example
Using flat-fee listing service for $500 instead of 5% commission ($20,000) on $400,000 sale.