How Entry Only MLS Listings Work
Flat fee MLS entry only listings save FSBOs thousands in real estate agent commission on the sale or rental of their own home, and are revolutionizing the real estate industry.
Flat Fee MLS Entry Only Listings
FSBOs use entry only multiple listing service (MLS) listings to have a licensed real estate broker enter their property in the official local MLS for a one-time flat fee.
Flat fee MLS listings change the status quo
Because the MLS is directly accessible only by licensed brokers and agents, homeowners have always had to pay a real estate agent commission to get their property into the MLS.
Sellers become their own listing broker
Entry only MLS listings allow sellers to acts as their own Listing Broker (sometimes called a Seller’s Agent), eliminating the typical 2% to 3% of sales price a homeowners pay to a traditional real estate listing brokerages when listing a property for sale or rent in the MLS.
Digital, secure, and easy to use
Entry Only New England is the first all-digital entry only MLS listing platform in Massachusetts that allows FSBOs to list their MA property for sale or rent using this entry only MLS method – and they can do it entirely online, there are absolutely no forms to print and fill out by hand, and no clunky mailing or faxing of information.
FSBOs save thousands in commission & fees
Homeowners are responsible for the activities typically handled by a Seller’s Agent, which might include property showings, open houses, negotiating an Offer to Purchase, and shepherding a transaction to close. For all this, FSBOs save on real estate agent commission they would otherwise pay to a traditional real estate brokerage to list their property for sale – see FSBOs Save $13,777 in Agent Commission with Flat Fee MLS.
Flat fee MLS Entry Only Listing FAQ
If you're comfortable with the responsibilities you would take on in acting as your own Seller's Agent, an entry only listing represents a practical way to get your home a significant level of exposure in the market via the Internet-enabled MLS, and naturally, allows you to avoid paying real estate agent commission to a listing broker. Capitalize on the significant savings in real estate agent commissions and fees that come with a for sale by owner (FSBO) transaction, and at the same time, get the exposure of listing with a licensed real estate broker - leverage a flat fee entry only MLS listing and list your Massachusetts property for sale in the MLS now.
The panacea for a seller is paying no real estate commission whatsoever to list and sell their own home. If a buyer comes to the table unrepresented without the help of a real estate agent representing the buyer (known as a Buyer's Agent), a seller can eliminate paying real estate agent commission altogether on the sale or rental of their property.
An entry only MLS listing will look no different to buyers than if your home was listed by a traditional real estate brokerage, and you'll do it for a one-time flat fee without paying a commission to a listing brokerage to act as your Seller's Agent. Your flat fee entry only MLS listing will be added to the very same official local MLS that all licensed real estate brokers and agents use and look the same as all other listings, with the exception of the showing instructions, which will have your contact information for real estate agents to contact you directly. With a flat fee entry only MLS listing from Entry Only New England, your property will get the same level of exposure in the MLS system that it would receive if you listed with a traditional real estate brokerage charging a full Realtor commission, which means your listing will gain online exposure on all websites that display MLS listings, including the most popular real estate websites like Zillow, Trulia, Realtor.com, and thousands of local real estate brokerage websites.
What do the potential cost savings really look like? Let's examine a real-life listing of a $395,000 home as an entry only MLS listing with Entry Only New England versus listing that same home with a traditional real estate brokerage charging a full commission. Let's assume that for the entry only listing, you have decided to compensate a Buyer's Agent (i.e. a licensed real estate agent representing the buyer of your home) 2.5%, and let's assume that for the traditional real estate brokerage listing you are being charged a 5% Realtor commission that the listing brokerage will split in half between themselves and the brokerage representing the buyer. You can see clearly, in this example of a $395,000 home, a homeowner would save $9,580 in real estate agent commissions and fees by selling their home using an entry only MLS listing with Entry Only New England versus listing the home for sale with a traditional real estate brokerage that charges a full commission - this represents a material difference!