Thread: Sale of home
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Old 11-14-2019, 06:29 PM
John_W John_W is offline
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There is also the flat rate broker, these were popular in Maryland. The normal commission split is 4 ways, 1/4 to the listing agent, 1/4 to his broker, 1/4 to the selling agent and 1/4 to the selling agent's broker. The flat rate broker will charge a fee of $75 - $300 and that is all they will get. You pay them and they will put your home in the MLS system, they may take photos depending on their fee and they will not do much more. The other 3 parties will still get their normal commission, so your saving the difference between $75- $300 and what a normal 1/4 would of been. On a $300K home at 6% would be 4 way split of $18,000. However in this case, the llsting agent would not be getting the 1/4 share of $4500, but instead already received $300. There is a savings and you're getting MLS exposure. Here I did a search of flat rate brokers

flat rate broker sumter county florida - Google Search