Whats the deal with the agents MLS and discount brokers?
Good question. There is certainly no shortage of discount real estate brokers offering to put your FSBO property on the MLS for what appears to be small amounts, like $95 or $149 or whatever. But be very leery of these offers, as your true cost will be much higher than you can ever imagine. When its all done and over, you can figure on it actually costing you 4% to 7% or more of your final negotiated price (not original asking price). Seems most of these companies “forget” to tell you some vital information. For example, when you go on the MLS, you must pay 2 commissions…one to a listing broker and one to a selling broker. If they offer this to you as a FSBO, you must pay for all your advertising outside of the MLS which can get very expensive. The MLS is not available to the public, but you will be on realtor.com, as all MLS listed homes are put on it, and it is a public site. But do not count on your property being advertised on any other local broker sites. Most brokers only put l
