One who charges a set fee rather than a percentage of the sale price of a property.Flat-fee brokers typically offer unbundled services,or no-frills services,and almost always exclude any services connected with showing property, handling negotiations, responding to consumer inquiries,or assisting with closing.
For a flat fee, one may usually obtain some combination of the following:
• Listing on the local multiple listing service
• Yard signs and subdivision entrance signs
• An assigned phone number with voice mail for callers
• Placement on a Web site
• Packages of forms, instructions, videos, or DVDs
• Apersonal consultation for a specified time period
• An initial walk-through inspection with recommendations