Is Flat Fee MLS legal?
Contrary to what our 6% competitors would like you to believe, yes, Flat Fee MLS listings are perfectly legal. Price fixing within the real estate industry itself is not legal - all commissions are negotiable.
The only catch is a Realtor cannot list a property in MLS for $0 commission, it must be at least $1 (one dollar).
Flat Fee listings come in all shapes and sizes - discount listings with reduced commissions, true "flat fee" (fixed dollar amount), hybrid listings with a fixed up front fee (usually to cover minimal overhead) and an extra dollar or percentage kicker amount at closing. All perfectly acceptable within the real estate community though there are plenty of agents and brokers that love to throw shade on the practice, all of those agents and brokers will negotiate their own listing commission in order to get a listing.
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