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The MLS (Multiple Listing System) is a database, where real estate agents can list properties either for sale or rent. When listing a property through the MLS, the owner (through the listing agent) provides a commission for the real estate agent that finds a buyer or tenant.
Correct. We have no hidden charges, as well as no transaction or processing fees that some competitors may surprise you with at closing.
We only receive the fee you pay us upfront, plus the closing fee for Premium service, and/or any add-ons that you may optionally order while listed with us (i.e., open house announcements, yard signs, etc. for standard users – Premium users have everything included).
Not directly. The MLS is an agent-only “database”, through which agents share listings and offer compensation to agents that find buyers or tenants. Only a broker can create listings.
However, with our “limited service listing” service, we can list on MLS on behalf of the owner, without actually representing them. Think of it as getting your cake and eating it too. You get all the benefits and exposure that an MLS listing provides, without the high commissions or losing control of the sale.
Reeve is a do-it-yourself platform, so we’ve taken steps to help guide you through the listing preparation and posting process to keep you compliant right from the start.
The platform will then help keep you compliant by sending you notifications at various steps throughout the process (i.e., telling you when it’s time to close the listing, rules for posting pictures, etc.), so you never miss a step.
Be competitive and try to offer between 2.5-3%. This will help prevent 90% of buyers working with an agent from being steered away (yes, it’s illegal and unethical, but it absolutely happens).
Think of it as a necessary cost for being able to access a buyer directly. About 5% of our sellers sell directly, without any agent involvement. You could set the commission very low, which would likely cause agents to avoid you, but that’s counterproductive to your goal of selling the home.
Everyone needs to pay the appropriate price for what agents bring to the table, as they may have been working with buyers for months before “finding” your home. It will also add value to the contract preparation and contract-to-closing tasks that need to be completed.
You mean, besides the ridiculous savings? 🙂 Using a flat fee MLS listing service when selling a property has several benefits, some of them being:
If you cancel before we’ve listed your home, you can receive a refund. However, we process this very quickly, so you would have to cancel almost immediately for that to apply.
Should you choose to cancel after the property has been listed, we can’t offer a refund, as we will have already provided the services you’re paying for.
No, if the buyer comes without an agent, you don’t owe ANY commission. ZERO. Just the small flat fee we collected at sign up.
No. We never charge a fee to the buyer or buyer’s agent. The only fee we receive is the fee you pay us. No gimmicks. No hidden fees.