do all firms have a MLS only listing flat fee?

Question

centruy 21, remax, codwell, ect....

or is a MLS only listing flat fee hard to find and only with certain firms?

Answer 1

No, they do not. In fact, most don't offer it. That service is generally handled by agencies which specifically specialize in such services.

Answer 2

I think very few brokers would have MLS-only listings. Frankly I think the idea is wrong because it contrary to the whole point of the MLS concept.

Now I am not condemning limited-service brokers, or a seller's desire to advertise their home themselves. But the MLS is intended as a mechanism for cooperating brokers to share listings and work together. It was never meant as an advertising vehicle for the general public. There are plenty of website out there that sellers can use to advertise their home.

When I am working as a buyer agent showing another agency's listing in the MLS I expect there to be a certain level of service and support from the listing agency. I am expecting that they are advising and working with their client (the seller) and making sure the seller is aware of their legal responsibilities. If I have to work directly with the seller for all that I would end up with a lot more work and additional legal liability.

Answer 3

Every real estate firm has the right to decide which kinds of listings they will allow in their offices. There are open listings, limited service listings, exclusive agency listings, and exclusive right to sell listings. The type of listing you refer to is called a limited service listing.

If you contact a real estate office, you can usually ask either of these questions: 1. Does your office allow limited service listings, and 2. Can you forward me to an agent in your office who does write up limited service listing agreements. If no one in your area offers this type of listing, let me know! It seems that we would want to shake the tree and watch the nuts fall out :) I'll have to go down and open a branch office!

Limited service and flat fee listing offices have gained a little in their numbers but not as much as everyone thought or hoped. As it turns out, most people want a real estate broker to give them a hand at cashing in on the equity in the largest investment they will ever make.