About Flat Fee MLS in Minnesota
The Multiple Listing Service, also recognized as the MLS, is a top tool for searching local or regional property listings that are operated by REALTORS®. It’s a helpful portal system that helps real estate brokers and agents to perform their business effectively. In order to browse for Minnesota MLS listings or post homes for sale, you have to be either a state-licensed real estate agent or an affiliate professional. There are currently 800 geographically-based MLSs across the country. Once your home is listed, it will also be distributed to Zillow, Trulia, Redfin, Realtor.com, and numerous brokerages. Homeowners who want to sell a property without a realtor, or For Sale By Owner sellers, typically choose a Flat Fee MLS service to save a hefty amount of money. Rather than spending a full rate fee on commission which is usually 5 to 6% of the sales price, FSBO sellers can list their homes on the local MLS for a pre-set amount of money. Although, you’ll likely handle most of the selling process unless you pick a Flat Fee package that offers valuable services—marketing tools, yard signs, showings, etc.