Fixed Fee Realtors MLS Listing Services
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List your home in the Realtors MLS for a Flat
Listing Fee instead of a Listing Commission.
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Offer Buyers Agents a contingent sales commission if they find the buyer.
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Retain the Flexibility to sell your home yourself and avoid that Buyers Agent
commission.
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Click Here for details of this service or to
order it separately.
How Do You Order The MLS Service
For
full details about this Realtors MLS Listing Service. Contact us and
we get you in touch with
a Realtor. After acceptance by the
Broker your home will be listed in the MLS by the Realtor and
you will
be notified by Email that your home has been submitted to the MLS and you
will receive a
copy of the listing via email. You pay for the service
when the Realtor has you sign all of the listing
paperwork.
We offer several methods of advertising your
property. We give you the option of where to advertise
as we get deals
from time to time from local advertisers which we pass along.
FSBONET is in the Advertising Business and is Not a
licensed real estate agency, we do Not provide
these MLS Listing services ourselves, and
we do recommend a Realtor who does provide these MLS
listing services.
A licensed real estate agent will be providing these MLS listing services and they will
contact you directly in response to your registration for this service.
The Different Marketing Methods
A Realtor marketing plan or a FSBO marketing plan are normally viewed as
mutually exclusive alternatives.
With the Realtors traditional "Exclusive Right
To Sell" type listing agreement, they are normally mutually
exclusive since the home
owner ordinarily gives up their right to market the property when they do that
listing
agreement with the realtor.
However, before you settle on the marketing plan of your
choice, you
should evaluate and consider a third recently available alternative.
This alternative is what we call a The
FSBO - Realtor marketing plan. The
property owner literally pursues both methods of marketing through
the Realtors MLS and
FSBO simultaneously. The concept is to have a Realtor list your property for sale
in
the Realtors MLS for a fixed fee and also retain in the listing agreement the right to be
able to sell your
home to a buyer who is not represented by a realtor and avoid buyers or
sales agent commissions. This
could be accomplished in a number of different ways,
you might specifically reserve that right in a traditional
exclusive right to sell listing
agreement, you could also use a limited agency agreement sometimes referred
to as an
"Exclusive Agency" listing agreement with a limitation on the "Scope"
of the agency such that only
"Buyers Agent" realtors will be able to earn any
commission and the Listing Realtors obligations and services
are basically limited to
Listing the property in the MLS and assisting you with evaluation of your asking
price.
This Listing service can be provided for a
fixed dollar fee, instead of a listing commission to the Listing Agent,
paid in advance at
the time the listing is made. All these terms are Negotiable, provided you can find
a Realtor
"willing" to negotiate. Under this "fixed fee type"
of "Exclusive Agency" listing contract there would be no
additional
"commission" ever paid to the Listing Realtor, neither in the event of a sale by
another "Buyers
Agent Realtor" nor a FSBO sale by the property owner.
Under these circumstances, all other Realtors can
then try to sell your property to their
potential buyers and earn their normal 3% commission
as a "Buyers
Agent". Sellers can offer these Buyer Agent Realtors whatever
percent commission they desire, but owners
should consider that offering less than the
traditional 3% could affect these Buyers Agent Realtors "degree"
of interest in
showing your property to their customers. So in this EXAMPLE, instead of 6%
commission, you
would pay the fixed dollar listing fee and the 3% Buyers Agent commission
if and only if you sell to a buyer
who was brought to your property by a Buyers
Agent Realtor. Anyone using this method should seriously
consider requiring each
"Buyers Agent" Realtor to accompany each of their potential buyers who come to
view the property and keep a WRITTEN LOG of the names of each Realtor and their
prospective buyer and
the date they viewed the property along with the Realtors initials
on that log. This could be very useful in the
event of any dispute with or between
Realtors about which, if any, brought the ultimate buyer to see your
property and is
entitled to earn the 3% commission. If you
sell your property yourself, you do not have to pay
the 3% Buyers Agent commission.
In effect you are paying a "Flat Listing Fee" instead of the normal Listing
Realtors 3% commission, offering Buyers Agents whatever Commission you desire, and you
have the option
of selling your property FSBO without paying that Buyers Agent
commission. The trade off is that since you
only pay a modest fixed listing fee, the
listing realtor will likely limit the "scope" of the agency such that in
effect
you will get no marketing assistance or advice from the listing Realtor except a
Comparative Market
Analysis report. The listing Realtor is merely granted
authorization to list your property with the MLS Listing
service so it will be available
for all other Realtors who are working with potential buyers to try to sell and earn
the
"Buyers Agent" commission you offer them. The upside is you can continue
to market your property at
the same time and if you find a buyer before the Buyers
Agent Realtors do, you pay no commission to them.
By doing this listing agreement
with a realtor, the MLS will permit the Realtor to give you a CMA Report.
This
Comparable Market Analysis, or property valuation report, reviews the actual prior sale
prices of recent
"comparable" MLS sales in your area along with the details of
those comparable MLS sales so YOU can
determine Yourself just how "comparable"
these sales really are. These CMA reports are intended to
"Assist" in
determining an asking price. They do not contain the prior sales price information
for all property
transactions
and can Never just be taken at face value, they are however a valuable source of some of
the
information you need to competently decide how to price your property.
This MLS
prior sales price information
is NOT directly Available otherwise, except by hiring some
licensed Appraisers. You will not find specific prior
sale price information
for prior MLS sales and is not available to the public because the MLS will not
permit
this information to be distributed directly to consumers, except through
Realtors or Appraisers who are also
members of the MLS Co-Op who are assisting
you with the valuation of your property. Considering that
this
alternative allows for both the increased exposure to potential buyers who may be
working only with a realtor
(at a cost to the seller of 3% commission rather than 6%) and
the continuing opportunity for the owner to sell
the property FSBO and still avoid Realtor
commissions entirely if the owner finds a buyer first, this is indeed
an alternative which
property owners should research, become knowledgeable about and consider.
Before you
settle
on Your Marketing Plan. In the above described scenario, owners should understand
that there is only
"Limited" Agency with the Listing Realtor and NO Agency with
the "Buyers Agent" Realtors. This means
that the "Buyers Agent"
Realtors do NOT Work For The Seller as many people commonly think that all
Realtors
do. These "Buyer Agent" Realtors do not have the same customary
responsibilities towards the
property owner that a "Listing-Agent" or Selling Realtor would normally have. Dealing with these
"Buyer
Agent" Realtors is more like dealing with a potential buyer who might
respond to your FSBO marketing efforts.
Any owner interested in this approach should
fully research and understand these differences in the Realtors
duties and
responsibilities and consider getting an attorney or paying the "Listing
Realtor" a Fee to review
your sales contracts with any
of these Buyer Agents before you sign them (having an attorney or the "Listing
Agent", lined up to review your sales contract, or better yet to prepare one for
you in advance, is a good idea
anyway for all non-real estate professionals).
All
these specific Rights, Duties, and Obligations will of course
be explained by
the "Listing Realtor". One
problem with this marketing method is finding a Realtor that will
do it. A lot of
realtors "Talk" about discount services these days primarily as a way to get
customers into
their offices to sell them their Full Priced Services, many others idea of
"Discount Commissions" is to reduce
their normal 6% to 4.5% or 5%, while Most
Realtors will not consider this type of an arrangement at all, since
it runs contrary to
their traditional practices.
We offer The FSBO - Realtor Listing Package
Deal in
coordination with a FSBO Friendly Local Realtor in order to combine the benefits
of this new marketing
method with the normal FSBO marketing strategy. The result is
a Powerful Marketing Plan which efficiently
offers sellers a Lot of Flexibility.
Our users should understand that we do not recommend any particular Marketing
Plan, either The Realtor
plan, The FSBO Plan, or The FSBO - Realtor plan.
Each individual seller will have different needs,
limitations, or preferences. Our
purpose is simply to assist users in identifying the various alternatives,
evaluating
those alternatives for yourself, and obtaining additional information about those
alternatives
for your own individual consideration to determine which Plan best suites
your preferences and objectives.
If Your Marketing Plan then requires any
Advertising, Our FSBO Advertising is here to provide you an
efficient and valuable addition to
your Advertising program which is designed to enhance the efficiency
and effectiveness of
WHICHEVER Marketing Plan You Choose. In reality, all property is For Sale By
Owner. Some owners choose the Realtor Marketing plan, some choose the FSBO Marketing
plan, and
lately most are choosing the The Marketing plan.
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