Comments on: With Flat Fee MLS, You Can Save and Sell Your Home the Right Way https://www.bloomkey.com/real-estate-blog/2008/01/13/with-flat-fee-mls-you-can-save-and-sell-your-home-the-right-way/ Now, There's A Smarter Way to Buy or Sell Your Home - Bloomkey Fri, 12 Feb 2010 09:53:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: admin https://www.bloomkey.com/real-estate-blog/2008/01/13/with-flat-fee-mls-you-can-save-and-sell-your-home-the-right-way/comment-page-1/#comment-134 admin Wed, 16 Jan 2008 17:45:22 +0000 http://www.bloomkey.com/real-estate-blog/2008/01/13/with-flat-fee-mls-you-can-save-and-sell-your-home-the-right-way/#comment-134 Orlando MLS, thanks for your question. For more information on the definition of flat fee MLS, see the entry at http://en.wikipedia.org/wiki/Flat_fee_MLS. The U.S. Department of Justice also has put together a website at http://www.usdoj.gov/atr/public/real_estate/ on fee-for-service real estate services - another description for Flat Fee MLS. Although there has been limited resistence to the practice by a few MLSs around the country, mainly in the form of prohibiting flat fee MLS provider's listings from appearing on IDX websites, all but one have now entered into 'consent decrees' with the either the DOJ or the Federal Trade Commission to allow member brokers to provide flat fee MLS without discrimination. IMO, flat fee MLS will gain wide acceptance within the next 1-3 years and after some initial push back from traditional real estate brokers (just as we experienced when 'buyer agency' was first introduced to the market). A recent study by NAR showed that MLS entry only listings accounted for about 8% of the market in 2006 up from almost 0% in 2000. That number is likely to go up as home owner's faced with declining valuations, upward adjusting ARM rates and high LTV's seek alternatives to the traditional commission based model. Orlando MLS, thanks for your question. For more information on the definition of flat fee MLS, see the entry at http://en.wikipedia.org/wiki/Flat_fee_MLS. The U.S. Department of Justice also has put together a website at http://www.usdoj.gov/atr/public/real_estate/ on fee-for-service real estate services – another description for Flat Fee MLS.

Although there has been limited resistence to the practice by a few MLSs around the country, mainly in the form of prohibiting flat fee MLS provider’s listings from appearing on IDX websites, all but one have now entered into ‘consent decrees’ with the either the DOJ or the Federal Trade Commission to allow member brokers to provide flat fee MLS without discrimination.

IMO, flat fee MLS will gain wide acceptance within the next 1-3 years and after some initial push back from traditional real estate brokers (just as we experienced when ‘buyer agency’ was first introduced to the market). A recent study by NAR showed that MLS entry only listings accounted for about 8% of the market in 2006 up from almost 0% in 2000. That number is likely to go up as home owner’s faced with declining valuations, upward adjusting ARM rates and high LTV’s seek alternatives to the traditional commission based model.

]]> By: Orlando MLS https://www.bloomkey.com/real-estate-blog/2008/01/13/with-flat-fee-mls-you-can-save-and-sell-your-home-the-right-way/comment-page-1/#comment-133 Orlando MLS Mon, 14 Jan 2008 05:32:17 +0000 http://www.bloomkey.com/real-estate-blog/2008/01/13/with-flat-fee-mls-you-can-save-and-sell-your-home-the-right-way/#comment-133 Hi, I'm a real estate agent in Orlando. Would you mind explaining how the Flat fee MLS listings work for both myself and the consumers out there? Do you have any concerns over the real estate board trying to control flat fee listings on the MLS? I'm very interested in hearing more about this. Hi, I’m a real estate agent in Orlando. Would you mind explaining how the Flat fee MLS listings work for both myself and the consumers out there?

Do you have any concerns over the real estate board trying to control flat fee listings on the MLS?

I’m very interested in hearing more about this.

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