Is Royal Mile a discount brokerage?
No. The term “discount brokerage” often has a negative connotation as to the services they provide. It usually means that you get a lower commission rate, but many of the costs and much of the work is on your shoulders. For example, they may charge a lower commission but require you to pay expenses related to that transaction. You might pay for your yard sign, the copies made of documents, and multilist fees. You’re on your own for open houses and brochures usually. Oftentimes discount brokerages are run by the large corporate brokers, and often have language to steer the listing to a full service, full commission listing with them if it does not sell through the discount brokerage. Does your flat commission rate contradict the Consumer Notice in Pennsylvania? No. This document is required to be signed by all consumers when they first have a substantive conversation about buying or selling real estate with an agent or broker. It is designed to protect the consumer by educating them on
