FSBO MLS Florida Realtor Listing Services – Control, Choice, Competition, and Rebates – Respa Realtor Rebates
Stay in Control by Eliminating Certain Broker Contractual Risks | ||
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Sell (or otherwise transfer title to the real property) to any person procured by you (i.e. someone who is not represented by a “Buyer’s Broker”) without having to pay a brokerage commission or penalty. |
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Discount brokerage Keeps More Equity In your Pocket | ||
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Paying a flat fee for an MLS listing means more equity in your pocket! All the advantages associated with an MLS listing will be available to you at a fraction of the cost. As a result, there will be no additional listing fees owed specifically to the listing Broker. |
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Rebates are not a Violation of RESPA Section 8 | ||
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HUD recently clarified its rule that rebates are permissible under RESPA as long as they are reported on the HUD-1 form. |
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Other Concerns Affecting Price Competition | ||
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Some states require real estate closings be conducted by lawyers, reducing competition and raising settlement service fees. An equal concern is when settlement service providers require the use of their affiliates. |
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