What Is Flat Fee MLS?

Here are a few phrases you may hear when trying For Sale By Owner to sell your home.

Discount Realtor or Discount Agent –
This means the Realtor will discount their listing commission to list your home or help you buy a home. Discount agents can save you thousands selling a home.

Real Estate Rebate –
When buying a home look for an agent or Realtor that will rebate part of their commission with you the buyer.  When buying a home, you the buyer do a lot of the leg work, so you should be compensated with a rebate.  This is not legal in all states so check your local laws.

Flat Fee MLS Listing –
A flat fee listing is when an agent lists your home in the MLS (Realtor Multiple Listing Service Database) for a reduced or flat fee.  Your listing will look like all other traditional listings online, you just save money by paying a flat fee.

MLS –
The MLS, (Realtor Multiple Listing Service Database, is the system agents input your listing in so other agents can see it locally.  The MLS also syndicates your listing to 100’s of other websites like Redfin, Zillow, Realtor.com, and many more.

Showing Scheduling Service –
The showing scheduling service, ShowingTime, is used by agents to schedule showings on your listing. You as the seller then get a text, call or email to confirm, delcine or suggest an alternate time. This system also solicits feedback from the agents that show.