Real estate commission topics explored
You will have to pay real estate commission to a buyers broker if the purchasers use an agent to find your home, but that is still a fraction of the real estate commission for which you would have been responsible by hiring an agent of your own. The Flat Fee Multiple Listing Service allows you to hang your own For Sale By Owner sign, which has the potential of attracting even more buyer traffic to your door, since prospective purchasers will be dealing directly with you and not through your broker. Attracting a buyer in this manner saves you even more in real estate commission in that there will be no buyers broker commission to pay, either. You have the potential of saving yourself thousands of dollars. Of course, you will also run the risk of alienating some brokers who may be reluctant to bring buyers to you for that very reason, but using the flat fee system to avoid real estate commission is well worth it.