Flat Fee MLS!

Iowa Flat Fee MLS

	Limits choice of brokerage services
	Prohibits brokers from offering rebates to consumers

Iowa law requires real estate brokers to accept and present offers and counteroffers, and answer their clients’ questions in every real estate transaction, even if consumers do not wish to buy these services. Consumers can no longer purchase and brokers can no longer offer MLS-listing-only and other à la carte services.

Iowa law prohibits consumers from receiving consumer rebates when more than one broker assists them to buy or sell property. For example, two brokers may believe that each has a specialty in particular parts of the real estate transaction and wish to divide up the work to focus on what each does best. In such a situation, the home buyer may not receive a rebate.

Iowa Flat fee MLS is a term used to describe a practice in Iowa in which realtors place pertinent information about a Iowa property for sale into the database of a Iowa 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.

Adair Adams Allamakee Appanoose Audubon Benton Black Hawk Boone Bremer Buchanan Buena Vista Butler Calhoun Carroll Cass Cedar Cerro Gordo Cherokee Chickasaw Clarke Clay Clayton Clinton Crawford Dallas Davis Decatur Delaware Des Moines Dickinson Dubuque Emmet Fayette Floyd Franklin Fremont Greene Grundy Guthrie Hamilton Hancock Hardin Harrison Henry Howard Humboldt Ida Iowa Jackson Jasper Jefferson Johnson Jones Keokuk Kossuth Lee Linn Louisa Lucas Lyon Madison Mahaska Marion Marshall Mills Mitchell Monona Monroe Montgomery Muscatine Obrien Osceola Page Palo Alto Plymouth Pocahontas Polk Pottawattamie Poweshiek Ringgold Sac Scott Shelby Sioux Story Tama Taylor Union Van Buren Wapello Warren Washington Wayne Webster Winnebago Winneshiek Woodbury Worth Wright