According to an Article Posted by the United States Department of Justice “Consumers Can Save Thousands of Dollars in Commissions” by using a flat fee service! Consumers who live in states permitting the option to choose innovative brokerage options, such as rebates or fee-for-service MLS-only packages, can potentially save thousands of dollars on commission payments. The table below shows that consumers can save more than $6200 in commissions.
Brokerage Options and Potential Savings on Home Sold for $184,334:
| Listing Options |
Seller’s Broker
|
Buyer’s Broker
|
Total Commission
|
Total Saving
|
|---|---|---|---|---|
| Standard Listing |
$4,885
|
$4,885
|
$9,770
|
$0
|
| Buyer Rebate: 1% |
$4,885
|
$3,042
|
$7,927
|
$1,843
|
| Flat Fee Listing |
$999
|
$4,885
|
$5,884
|
$3,886
|
| Combined Savings |
$999
|
$3,687
|
$3,188
|
$5,229
|
Source: http://www.justice.gov/atr/public/real_estate/commissio
