Flat Fee MLS Listing in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Louisiana, Michigan,
Minnesota, Montana, Nebraska, Nevada, New Mexico, Oregon, Texas, Utah and Washington
Flat Fee MLS Listing Cost Comparison
Traditional Real Estate Listing (usually 6%)
|
| $ to buyer broker | $ to listing broker | $ to you |
| Buyer w/ buyer’s agent | $7,500 | $7,500 | $235,000 |
| Buyer w/o buyer’s agent | $0 | $15,000 | $235,000 |
Congress Realty Listing
|
| $ to buyer broker (3%) | $ to Congress Realty | $ to you |
| Buyer w/ buyer’s agent | $7,500 | $499 | $242,001 You saved $7,001!! |
| Buyer w/o buyer’s agent | $0 | $499 | $249,501 You saved $ 14,501!! |
Why continue to offer a buyer’s broker 3%?
If a buyer’s agent is not compensated by the seller, they have no incentive to show your home to a buyer.In fact, they have incentive to steer buyers away from your home since they run the risk of the buyer liking your home and then making nothing on the transaction.In most MLS areas areas, a seller can offer a buyer's agent any non-zero amount, however 3% remains the most common percentage offered nationwide. Keep in mind that if you offer a buyer’s agent a reduced rate, for instance 2%, your listing may look less attractive compared with comparable homes with that offer a 2.5% or 3% commission to a buyer's agent.
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