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.
1. The MLS enables a seller to offer a commission to buyers agents. If a commission is NOT offered, the buyer agent would have to ask their buyer to pay - this is a hard conversation that many buyer agents will avoid if possible.
2. The MLS pushes home info to websites such as Realtor.com,
Redfin, Zillow, Trulia, major brokerage sites, plus many others.
Simply put, if a seller pays a 6% commission to sell their home, typically 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.
| 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.
| Service | Price | Details |
|---|---|---|
| Free Comparable Sales | FREE | |
| Free Home Value Report | FREE | |
| Flat Fee MLS Listing | $95 | |
| Lockbox Rental | $125 | |
| Pro Photography | Varies | |
| Sign Post Rental | $99+ | |
| Free Sign (w/ Post Rental) | FREE | |
| Free Open House Kit | FREE | |
| Free FSBO Listing | FREE | |
| Forms Help (Standard) | Varies | |
| Forms Help (Premium Seller) | Varies | |
| Buyer Commission Rebate | 25%-50% |
Upfront pricing.
Buy only what you want.
No hidden fees.
Shouldn't everything be this simple?
* All prices vary by MLS or location. Click here to get exact pricing for your area.
All MLS listings include FREE call forwarding and info by text.
Never miss a lead.
Property info by text 24/7.
NEW!
Do you have questions about your home sale or purchase?
In our forum you can ask other sellers and buyers.
All MLS listings include FREE automatic email lead forwarding.
Receive instant email and text notifications for new leads.
Important Note: If we serve your state and are not a member of the local MLS, we can often place your home on a nearby MLS which is as effective as the local MLS. Contact us here if you have questions.
"It's way too easy to sell a home. homecoin is the future of home selling."
"I can see in my business that flat fee real estate is the way things are going to go."
