Apply Now

The Pros and Cons of Flat Fee MLS Listings

October 4, 2013

In late October 2010, the Canadian Real Estate Association approved an agreement with the federal Competition Bureau that lets home sellers pay for only the services they want from a real estate agent.

Currently, the vast majority of real estate sales are handled by full service agents who charge commissions ranging from 3-6% of the selling price. But Canadians can hire a Realtor to simply list their property on MLS (Multiple Listing Service) for a flat fee of a few hundred dollars or less.

Obviously, going this route can save money. However, there are advantages and disadvantages to consider.

Flat fee advantages:

Flat fee disadvantages:

Of course, you can have the best of both worlds by choosing a Realtor who offers flat fee MLS listings, as well as additional services. This way, if you run into trouble, you can always purchase whatever extra services you need. If you have any questions in regards to these types of listings or if you have any other questions, leave a contact request here.