| In order for your home to be listed on the MLS, the listing must be submitted by a member of the MLS. Real Estate brokers/agents that are members of the MLS can decide what business model they choose to operate under. Here are several business models currently available in the real estate industry:
1) Commission base on a percentage of the sales price, the advantage to this is if your home doesn't sell you're not out any cash. The percentage is negotiable.
2) Fixed amount upon sale of home. This is commonly used on higher end properties. The advantage to this is if your home doesn't sell you're not out any cash. The amount is negotiable.
3) Buy services upfront, such as inputting the listing into the MLS, putting up a yard sign, creating a flyer for your home, holding open houses. Each of these services are available for a fee. This type of service is called "limited service". Advantage the fees are usually lower, disadvantage you pay the fees upfront weather your home sells or not, and you don't have an agent out there promoting your home for you. You must be responsible for acting as your own agent including providing all of the legal disclosures required by your state.
Good luck selling your home. You're currently in a buyers market which means there are more homes on the market than buyers, so the home prices are going lower.  |