Almost did a flat fee MLS listing with them, rates were decent, slightly higher than some other sites like flatfeebyyou.com but then ListWithFreedom has this TINY small print that says you have to pay .25% or .5% for compliance fee! This is FRAUD. There is no COMPLIANCE fee for any of these MLS services. So I'm about to list a 1.5m home (below appraisal value) so then I would have to pay them $7,500? This is not a flat fee, this is called COMMISSION. Flat fee is just 1 price and that's it.
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When you list with us you’ll literally save THOUSANDS OF DOLLARS! Sounds too good to be true? Well, here’s how YOU save money.
The Traditional Way
The Traditional method of selling a home works like this. You hire an agent to sell your property. You agree to pay that agent and their firm a fee to sell your home and complete the transaction. That agent, in agreement with their local board, agrees to share that commission with any agent that brings in a buyer and completes the transaction. Your agent markets your property by using the Multiple Listing Service (MLS). The MLS is a Board which acts as a meeting place where buyer and seller agents meet to conduct business and trade buying and selling sources. Once your property is listed in the MLS, your selling agent has agreed to share their commission with anyone who will bring a buyer to the table and complete the transaction.
Why Use ListWithFreedom.com?
When you list with us you’ll only pay for one side of the transaction. You don’t pay a listing agent – you only pay an agent to bring you a buyer. Want to Save Even MORE? Sell your property on your own! When you list with us you’ll have the right to sell your property on your own. If you find a buyer without the help of an agent, you pay NO COMMISSION AT ALL!
Why our FLAT FEE MLS program works!
By law, real estate commissions are negotiable. What this means, is that commission rates are determined or set independently by individual real estate companies (brokerages) and are not set by any governmental body, real estate board or association.
Additionally, some real estate companies will allow their salespeople (agents) a certain degree of latitude in negotiating the commission rate to sell your home. This is of course no different than Ford or General Motors suggesting a retail price for their vehicles and then allowing a certain amount of bargaining at their dealers. So, just as it is prudent to shop around for the best deal when you are buying a new car, it is equally important to shop around when you are hiring the services of a Realtor.
no-commission“Commission rates are determined or set by individual real estate companies (brokerages) and are not set by any governmental body, real estate board or association”
Each and every day, home sellers and home buyers employ the services of real estate professionals. However, as a home buyer, it is unlikely you would ever be asked to pay any portion of a real estate commission. Since it is doubtful your Buyer’s Agent is working for free, how and by whom does this Realtor get compensated? In almost every home sale, the entire commission payable to both the Listing Agent and the Buyer’s Agent is paid by the seller.
How this works, is that through the MLS, the Listing Brokerage offers a percentage, usually around half (2.5% to 3%), of the total commission to the Buyer’s Brokerage. The two agents involved share credit and commissions in the sale of the home. The majority of all home sales are transacted this way.
As a home seller, therefore, you will be called upon to pay commission for both sides of the transaction. While this may not seem fair, it is fact. For this reason, it is essential to secure the best possible commission rate with your Listing Agent when selling your home. Paying a high rate of commission, such as 7% on $100,000, will not make it sell any faster.
There is absolutely no correlation between the total amount of real estate fees you pay and the time it takes to sell your home or the price you get for it. Paying more simply means paying more. “Paying a high rate of commission, such as 7% / $100,000, will not make it sell any faster.”
The good news is that real estate commissions seem to be falling. The monopoly that Realtors have held over the MLS system is weakening as a result of comprehensive Web Sites that enable the public to access this information. Web services are creating new competition to the industry which will ultimately lower commissions rates. More specifically, it is the listing side of the commission that is feeling the downward pressure.
The role of the Listing Agent in the sale of a home is more like that of a property manager than a salesperson. Speculation suggests that one day the Listing Agent will be completely replaced by the Web in that the public will pay a flat fee to place their home on a national MLS site. The emergence of “buyers only” brokerages throughout the United States certainly lends credence to this theory.
ListWithFreedom.com sellers enjoy a much lower listing fee, than a Traditional Brokerage. This allows you, the home seller, to save on fees and commissions and still attract all the potential buyer’s for your home through effective use of the MLS system. It really is the best of both worlds.See more
