Butte Board Of Realtors®

Location:

Butte, MT 59701


Member of the following MLS:

Butte MLS




What is the MLS?

How the MLS works image.

The Multiple Listing Service ("MLS") is an agent-only database where agents list the properties that they have for sale. A commission can be offered in the MLS to agents for producing the buyer.

There are over 700 different MLSs in the United States. It is CRITICAL that your home is listed on your local MLS.

Why is the MLS Important?

Why the MLS is important.

1. The MLS enables a seller to offer a commission to buyers agents. Agents will NOT go to homes where a commission is not offered.

2. The MLS pushes home info to websites such as Realtor.com, Redfin, Zillow, Trulia, major brokerage sites, plus many others.

How Do Commissions Work?

How commissions work on the MLS.

Simply put, when a seller pays a 6% commission to sell their home, half (3%) goes to the listing agent and half (3%) goes to the buyers agent.

When you offer a commission on the MLS, that offer is only for the agents who are members of that MLS. That is why you want to list on the LOCAL MLS, so you can attract local agents.

What is a "Flat Fee" MLS Listing?

$400k sale price, 3% commission per agent
Listing Agent Buyer Agent Total Cost
Full Service Listing $12,000 $12,000 $24,000
Flat Fee Listing $95 1 $0 - 12,000 2 $95 - 12,095 2

In a "Flat Fee" listing, the seller pays an upfront fee (no commission) for an agent to list a home on the MLS. The seller can still offer a commission to buyer agents.

1 Prices vary by MLS.
2 No commission paid if buyer does not have an agent.

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