Save up to 6% Commission - MLS FAQ's
How long will my property be listed on the MLS for the flat fee? The MLS flat fee listing is good for 6 months. Most homes are sold within a couple of months of listing or sooner. Many homes listed have sold within a day to a week.
Can I cancel my Flat Fee Listing at anytime? Yes, you can cancel your listing at any time. Just notify the listing agent that you wish to cancel your listing.
Is there really a benefit to listing with a traditional high-commission broker? Not really, please keep in mind both REALTORS® in all likelihood will list your property on the same MLS system, so your listing will end up in the same place if you re-list your property with a more Traditional Real Estate Agency charging you higher commissions. Of course, there are no refunds once your property is listed in your area Multiple Listing Service.
What is the difference between a "Selling Agent" and a "Listing Agent"? A Selling Agent is the Real Estate agency who actually sells the property. They are sometimes called Buyer's Agents.
The Listing Agent is the Real Estate agency who lists your home for sale in the MLS.
How much commission do I have to pay to the Buyer's Agent? The commission the Seller pays the Buyer's Agent is totally up to the Seller. Real Estate commission fees are not FIXED, fees are negotiable by LAW.
If the Listing Agent sells my home will I still owe a commission? Yes, but you still pay 50% less commission. Typically about 2-2.5% If the Listing Broker has a buyer for your home, he/she will also become the selling agent and be entitled to the selling side of the commission. Regardless of which REALTOR® sells your property, you still pay no listing commission and only pay 2-2.5% to the broker who was the procuring cause of the sale.
If I find my own buyer, will I still have to pay a selling commission? No. If you find a buyer for your home with no Agent being the procuring source, there is no commission to pay.
Do I need a lockbox while my house is listed on MLS? Owners can decide whether or not to use a lockbox, which is a metal container for your house key(s) and is normally hung on the front door knob or gate. The MLS Listing will advise Realtor's if they can not reach you by phone, they may use the key lockbox for showings. It provides access to Agents when the owner is away, thus assuring full exposure to prospective buyers. Without a lockbox, Agents representing buyers will have to set appointments to meet you at the house to view the home. If you do not have a lockbox, you may miss out on some potential buyers who do not have time to wait. Lockboxes are completely removable and controllable by you. Your Listing Agent will indicate your showing instructions on the MLS with a contact phone number to call showings. Showings are most always done on an appointment only basis (assuming key lockboxes are not used).
Do you offer free forms and contracts if I sell my home myself? Yes, we do offer free forms. We are adding more forms for your convenience. When you list your home with us, we will email you all the forms needed if you sell by owner. If your home sells thru the MLS, the buyer's agent will prepare the purchase contract.
Can I make changes to my MLS listing? Yes you can make changes, just contact the listing agent (usually by email).
Can I go to a website to print and email color brochures of my listing? Yes. REALTOR.com® offers the ability to print and/or email color brochures of your listing to hand out to potential buyers.
Search 4) Seller's FAQs P2 Homes for Sale
1210 ROUTE 22
Mountainside, NJ 07092-2606
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Mountainside, NJ 07092-2609
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