Yris Arpino
NJ Real Estate Boutique llc

NJ Real Estate Boutique llc

Q & A's for all Listing Plans

Ask us if we are listing the property ourselves?

The answer is "Yes" We are licensed in New Jersey and we are NOT an internet company that takes your information and sells it to a licensed realtor.

 What is the difference between NJ Real Estate Boutique and a traditional brokerage?

The difference between NJ Real Estate Boutique and a traditional brokerage is that we have moved out from under the old ways of buying and selling real estate. We offer multiple services for both buyers and sellers at a discount. We offer a buyers rebate that gives you cash back at closing. For sellers we can list your property on MLS for a flat fee and you can choose additional services that cater to your property. We also offer our Full Service program at a discount! Whether you're a buyer or seller, NJ Real Estate Boutique delivers the utmost customer service.

  

Why is there only one way to sell a property?

NJ Real Estate Boutique's modern approach to selling gives you multiple ways to sell your property. With our company you can choose how YOU want to sell your property. Our different plans will give you the tools you need to make the most out of your money.

 

 You are located in Hillsborough New Jersey, does that mean you only work in that town and the surrounding areas?

 Our company serves almost all of New Jersey. In New Jersey there are 9 multiple listing services (MLS), we belong to almost all of them. 

 

 Where does the property appear for all listing plans?
 
All of our listing plans include MLS and syndication to realtor.com, unlimited internet home sites plus hundreds of real estate company and agent websites.

  

What is Multiple Listing Service (MLS)?

Each local MLS has its own listings, and agents pay dues to access and post properties on each one. This is why agents who want a broader reach for their clients may become a member of more than one MLS. Property sellers CAN’T post their properties directly to the MLS because access to this database is limited to licensed agents and brokers who pay for membership.

 

 Is there a national MLS?

There is not a national MLS. A property should be listed in the correct local MLS, not just any MLS.

 

 Can a seller List by Owner on MLS in NJ?

A seller can not list By Owner MLS in NJ. Only a license realtor can list on MLS if they are a member of the local MLS.  An Agent Assisted Flat Fee MLS Listing Plan is a service offered by a state licensed real estate broker. The real estate broker will work with you to set up an “Entry Only” service on the local MLS and the seller will retain the right to sell to a buyer directly. Click here for a list of towns that we can list on local MLS Flat Fee.

  

Is there a list of websites that the property will appear on? 

Too many to list. Your property will appear on all IDX sites which includes almost all of the real estate companies, agent websites plus any websites that advertise properties. 

  

What does IDX mean?

IDX is the system that allows REALTORS® to show MLS property listings on their websites. IDX stands for "Internet Data Exchange".

 

 After I list on MLS will I get charged for additional updates (descriptions or pictures) or multiple open house postings?

We are happy to post any additional updates or open house posts for you at no extra cost.

 

 Does a property get listed in more than one MLS for all listing plans?

Properties are listed in their main MLS but may also be listed in a secondary MLS bordering the county if it is required by the MLS. There is no additional fee for the secondary MLS if it is required.

  

On the listing agreement you have 2.5% compensation to buyer's agent/broker, is it possible to change it to 2% for the Full Service or the Agent Assisted Flat Fee MLS Listing plans?

You can choose between 2% to 3% but we recommend 2.5%. About 75% to 85% of sellers offer buyer's agent/broker 2.5% for selling their property.

  

Are there any other fees when choosing to list a property using the Agent Assisted Flat Fee MLS Listing Plan?

No there are not.

  

Do I have to pay for any downloadable documents when using the Agent Assisted Flat Fee Plan?

No! We provide all of the forms for free.

 

Is there any commission paid when listing with the Agent Assisted Flat Fee MLS Listing Plan?

There is no commission to list your property when you use the Agent Assisted Flat Fee MLS Listing Plan. The total sales commission of 2% to 3% will be paid to the buyer's agent/broker  from any real estate company at closing if the buyer's agent/broker sells your property.

  

If a property is listed under the Agent Assisted Flat Fee MLS Listing Plan and the seller sells the property, does the seller pay commission or any other additional fees?

If the seller sells their property without the help of a buyer's agent/broker from any real estate company, the seller does not pay commission or any other additional fees.

 

 After listing the property on MLS using the Agent Assisted Flat Fee MLS Listing Plan do I still retain the right to sell by owner?

You retain the right to sell directly to a buyer but you are no longer a For Sale By Owner because your property is listed by a license realtor. Always ask if a buyer is being represented by an agent/broker and if they have previously seen your property with an agent/broker.

  

While listing using the Agent Assisted Flat Fee MLS Listing and the Full Service Listing Plans why am I required to sign MLS and real estate company forms?

We are a licensed real estate company and we are required to use the forms provided by MLS and the New Jersey Real Estate Commission.

  

Is there a fee to cancel the Agent Assisted Flat Fee MLS listing agreement?

No.

  

Is there a fee to cancel the Full Service MLS listing agreement?

Yes. 

  

Can I cancel at ANY time?

All Listing Plans can cancel at any time and our company will unconditionally release your property.

  

What is an unconditional release?

An Unconditional release is a release from the listing agreement with no conditions or strings attached. This means that you can list with any realtor immediately after our listing contract has been canceled. Traditional real estate companies will allow you to cancel but you  cannot list with another realtor until the contract expires. This can take up to anywhere between 6 to 12 months.

  

After canceling will I be able to get my money back?

100% Money back guarantee when you cancel before your property listing is entered on Multiple Listing Service (MLS). No refund will be provided after the listing is active in Multiple Listing System (MLS).

  

When listing your property using the Agent Assisted Flat Fee MLS Listing Plan, does the listing agent represent the seller(s) as seller's agent?

With the Agent Assisted Flat Fee MLS Listing Plan we are acting as transaction broker for the seller(s) so we do not represent you as seller's agent. We represent you as transaction broker.

  

What is a transaction broker?

Sometimes referred to as a facilitator is permitted in states where nonagency relationships are allowed. These relationships vary considerably from state to state. Generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

  

When listing your property using the Full Service Listing Plan, does the listing agent represent the seller(s) as seller's agent?

Yes.

  

What is a seller's agent? 

Also known as a listing agent or seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller, meaning this person’s job is to get the best price and terms for the seller. The agency relationship usually is created by a signed listing contract. 

 

 Does the listing agent negotiate for the seller(s) when using the Agent Assisted Flat Fee MLS Listing Plan?
 
You can add price negotiation to the Agent Assisted Flat Fee MLS Listing Plan for a fee.

  

Will I directly get calls from the free sign your company provides? 

Our company provides a sign for your property at no charge, displaying your own PRIVATE extension. This extension will forward the calls directly to your phone number.

  

Can you provide examples of properties that your company has sold that have been professionally photographed? 

Yes, just ask and we can provide you with a list.

  

Can buyers also save money?

Absolutely, learn more about the New Jersey home buyer's by contacting me.

  

Consult a tax professional concerning any tax implications of receiving the rebate. It is the purchaser's obligation to pay any applicable taxes. In New Jersey Commissions are negotiable.