definition for: #flatfee

This describes a relatively new service offered by Real Estate Broker across the COuntry! This is commonly referred to as a "flat fee" service in which a seller of real estate either residential or commercial can hire a "flat fee" brokerage service. In a typical transaction the broker will charge an upfront payment from $250-$500 and then a small percentage .003% at closing (when the seller's property sells) instead of paying a 6 % full commission to the broker they would only pay the upfront listing fee and then only .003% of sales price. If the seller sells the property themselves they would save over $13,000 on a $200,000 listing. (the proerty is listed on a local listing service by that local board of realtors and able to be searched also on realtor.com and many other real estate research site such as zillow, trulia etc. If the buyer is represented by a real estate broker then the seller would have to pay the 3% to the buyer's broker but still save over $6,000 by not having to pay 3% to the "listing broker" please feel free to visit my site for furthur explAINATION AT WWW.FLMLSflatFee.com