Flat Fee FAQs
Is Real Estate Broken?
The terminology surrounding real estate transactions, such as flat-fee broker, discount brokerages, full-service listings, and the multiple listing service, may pose confusion for both buyers and sellers. Despite what you may have heard, the real estate system is not broken. Buyers and sellers have the freedom to choose services that bring them value, all within a pricing framework that makes sense for their unique preferences and circumstances. Understanding the diverse business models adopted by real estate companies allows you to make a more knowledgeable decision when planning your next real estate transaction.
At PROmetro Realty, your questions are important to us! Here you can find quick answers to some commonly asked questions. Or feel free to ask us your own questions. We’re happy to assist you.
Questions from Buyers
A buyer's agent is a valuable asset in ensuring a successful real estate transaction. From identifying homes that meet your criteria to organizing tours, evaluating options, crafting offers, and negotiating details, an agent plays a pivotal role throughout the process. It's important to trust your agent to advocate for your best interests.
Questions from Sellers
Your listing includes an in-home consultation, professional photography, yard sign, marketing materials, lockbox, appointment app, online listings (Zillow, Trulia, Facebook, etc.), legal forms, offer negotiating, e-sign, and more!
Fees & Pricing
A buyer’s agent is typically compensated through a commission offered on a "listed" property. Homebuyers receive representation for purchasing listed and non-listed properties through a buyer's agency agreement. Fees charged to the buyer are offset by any seller-paid commission. A nominal administrative fee may also apply.
Additional FAQs
As per the National Association of REALTORS®, 89% of home sellers received assistance from a real estate agent in 2023. Similarly, 89% of homebuyers relied on an agent for their purchases. Unlike selling cars or household items, real estate transactions are more intricate. By engaging a real estate expert, you can navigate these complexities without the need to learn as you go while managing your most significant asset.