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flat-fee broker

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flat-fee broker

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
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A seller should then hire a flat-fee broker who, for say $500, lists the house on the MLS (Multiple Listing Service) and does nothing else, or does it for an hourly wage.
THE RIGHT STUFF IN A GROWING FIELD OF AGENTS, FINDING THE PERFECT ... by Daily News (Los Angeles, CA)
 
 
 
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