Archive for the ‘Flat Fee Listing Referrals’ Category

Florida Flat Fee MLS Realtor Limited Services

November 25th, 2009 No comments

Florida Flat Fee MLS

Flat Fee For Sale By Owner Listing Package

Positive icon Allows choice of brokerage services
Positive icon Allows brokers to offer rebates to consumers

Florida Flat fee MLS is a term used to describe a practice in Florida in which realtors place pertinent information about a Florida property for sale into the database of a Florida local Multiple Listing Service (MLS) for a set fee or dollar amount as opposed to a commission based on the contract selling price of the property.

Florida law requires brokers to present all offers, but allows consumers to waive that requirement. This written waiver preserves consumers’ ability to choose the brokerage services they want, including MLS-listing-only services or other à la carte services.

At the time of contact between the seller and the Florida flat fee MLS broker, disclosures should be provided to the seller stating that the Florida real estate licensee has a “no brokerage relationship” with the seller and will only perform limited (“minimum”) services. The services to be included are:

1. Dealing honestly and fairly;

2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer.

3. Accounting for all funds entrusted to the licensee.

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