The sellers of New York have an alternative of listing
their properties. They don’t maintain any list with any conventional broker who
charges a commission after sale. They list in a flat fee MLS broker website which
puts their property on MLS for prepaid flat fee, with no such commission
charged for listing.
Since the flat fee MLS service is present
in New York,
the sellers are now able to save much of their money they used to pay as
commissions. People who generally look for traditional brokers also take the
advantage of New York flat fee MLS listings. It
is because most of the traditional brokers try to prove that they deserve that
commission and other services in order to stay in competition in contemporary
real estate market.
In case people don’t have any idea about
the Flat Fee Listing Service available
in New York, they need to understand that real state is purchased and sold in
various places of the state through this method. A seller and traditional
broker enter a listing agreement in which the broker is paid his deserved
commission after completing the sale. The commission amount may be around six
percent which is fixed before the starting of the deal. The broker then enlists
his property in the database related of the MLS listing services. It is
properly used by both the agents and purchasers to seek for properties and get
a beneficial deal. Few of those enlisted properties are almost of the same
price. This is a highly beneficial listing service for the purchaser. The deal
makes it convenient for the seller or investor to look for a property.
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