About Flat Fee MLS in Virginia
The MLS or Multiple Listing Service is a private online database for searching homes for sale, find home info, and transact with other real estate brokers or agents. Once your home is listed on the local MLS, your property will also be distributed to Realtor.com, Zillow, Trulia, Redfin, and other real estate brokerages and platforms. To gain access to MLS, you have to be a licensed realtor and must pay a fee for membership. A Flat Fee MLS, however, is another home-selling option that enables you to list your property on the local MLS for a pre-set fee. Most For Sale By Owner or FSBO sellers pick this option to market their homes faster since they can still list their property on MLS without paying the full commission. So, instead of a 5 to 6% commission, you can only pay a pre-set amount of money to list your property on the MLS, while enjoying some of the provided services.