Real estate commission discount, a review of the facts
Until now, this system has been the sole method for payment of broker services. Licensed real estate brokers can now choose between charging a flat rate or percentage based real estate commission for their services. The one time flat rate real estate commission system is referred to in the real estate industry as Flat Fee MLS (Multiple Listing Service) and allows the seller to list on the Multiple Listing Service and other public real estate websites for a flat fee paid upfront when you list. You will still have to pay the buyer broker a real estate commission, but this amount is only a fraction of the commission you would be responsible for under the percentage system. And, if the buyer does not go through a broker, the flat rate will be your only real estate commission responsibility.