Flat Fee MLS Entry Only Listing Fees & Commissions
What other fees are involved?
There are none. There are no hidden fees at Entry Only New England. Our flat fee MLS listing packages include unlimited listing changes and open house announcements for free. You pay only for the services outlined in the listing documents you electronically sign on our website. You pay a one-time flat fee when you list, and we do not charge you anything more during the listing period, once you sell, or after. Should you want to cancel your entry only MLS listing, you’re welcome to do so with no penalty, fee, or ongoing obligation whatsoever.
What’s the deal with Buyer’s Agent commission?
You have full control over the commission offered to a Buyer’s Agent (or a Cooperating Broker in the case of a Residential Rental listing). Note, real estate agent commissions and fees are not fixed by law.
The amount of Buyer’s Agent commission you offer is stored in the MLS system with your listing yet the amount of Buyer’s Agent commission you offer is not syndicated to third party websites – only licensed agents and brokers with direct access to the MLS system itself can find out the amount of Buyer’s Agent commission offered for a listing, and that particular piece of information is not visible or discoverable by the general public via third party websites like Zillow, Tulia, and Realtor.com.
How much commission do Buyer’s Agents get paid?
Entry Only New England is the only flat fee MLS realty service to have actually conducted the research to determine the average Massachusetts Buyer’s Agent commission. Based on market research, we’ve assembled a full report that unpacks the mystery surrounding Buyer’s Agent commission and we make this first-of-its-kind exclusive report available to clients of Entry Only New England who use our flat fee MLS realty platform to list their own home on the MLS without a Realtor – the Buyer’s Agent commission report is complimentary, and made available to our clients at no additional charge as an added and exclusive benefit to listing FSBO on the MLS with Entry Only New England. We’ve got a whole lot more on this topic at How Much Commission Do Buyer’s Agents Get Paid?
What’s the lowest amount of Buyer’s Agent commission I can offer?
Per Section 5.0 of the Rules and Regulations of the MLS, if you choose to list your property in the MLS you must make an unconditional offer of compensation on all listings of property for sale. The amount of compensation offered must be stated in the MLS as either (1) a percentage of the selling price or (2) a definite dollar amount. In either case, the amount must be unconditionally offered to cooperating brokers, and, compensation must be an amount greater than zero, expressed in the format indicated above.
As you begin to provide your property details to list FSBO on the MLS with us, you will have the opportunity to choose the compensation you’re willing to offer cooperating brokers. While during the listing process we allow you to select from seven (7) different compensation percentage values of the selling price, ranging from 1% to 3%, you’re welcome to select any value you desire that satisfies the MLS guidelines, which could be a percentage lower than 1%, higher than 3%, or, a fixed dollar amount at any level above $0.00 – should you wish to select a value outside the potential values we provide in our signup process, you may utilize our Listing Update Request form to alter your selection and we’ll update your MLS listing accordingly.
Do I pay a commission if I find my own buyer?
No. In a scenario where you find your own buyer or renter that is not represented by an agent, there would be no obligation for you to pay any real estate agent commission fees whatsoever.
What if a Stuart St James Agent finds a buyer?
Entry Only New England is a member of the Stuart St James family of real estate related brands. Stuart St James is the real estate brokerage which enters your property into the MLS. If an agent of Stuart St James brings one of their clients to the table as a buyer or renter of your property, that agent will be entitled to the Buyer’s Agent or Cooperating Broker commission you set during the MLS listing process.
For any inquiries we receive on your flat fee MLS listing directly from buyers via third party websites like Zillow or Trulia, we promptly facilitate that buyer connecting with you directly by giving them your contact information, that inquiry is not shared with a Stuart St James agent in any form or fashion – for more information on this specific topic, please see Test Communication Integrity after You List FSBO on the MLS.