Join me and explore discount real estate brokerage
The industry standard for real estate commission calculation has remained at five to six percent of the sale price (apportioned between selling and buying brokers) for some time now. During a housing boom, that can amount to a lot of money for both brokers. However, now there is an alternative to percentage based real estate commission: flat fee Multiple Listing Services (MLS) broker services. Flat fee MLS is a flat rate service by which a seller receives the benefits of professional brokerage services without having to pay a five or six percent real estate commission. The flat fee is a fraction of the amount of real estate commission for which a seller would be responsible should he choose to list his home with a full service broker.