The advantage of the flat fee MLS listing is that the seller pays a listing service fee of $385 instead of a commission to the listing broker. Offering compensation to a cooperating licensed broker representing the buyer (“Buyer Brokerage Firm”) (“Buyer Brokerage Compensation” aka "Buyer's Agent") is NOT required. A buyer may submit an offer that includes an amount that the buyer requests Seller to compensate the Buyer Brokerage Firm, but Seller is NOT obligated to accept the offer to pay compensation to the Buyer's Agent. There are no standard compensation rates and compensation is fully negotiable and not set by law. There is Zero compensation due at closing to List4FlatFee.com, LLC UNLESS Seller opts for the “Assistance with Offers” in the agreement and agrees to having Listing Broker represent the Seller with their offers from a Buyer Broker.
One big advantage for the seller in listing their property in the MLS is accessing those buyers who work exclusively through a real estate agent and don't look for the "for sale by owner". Additionally, the MLS databases syndicate to public sites such as Realtor.com, Zillow, Redfin, Trulia, and hundreds of other local and national sites, which gives the seller much more exposure than just listing on a "FSBO" site or placing a sign in the front yard.
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