What is a flat fee listing service? This video explains exactly what a flat fee listing service is and how it works. If you have thought that real estate commissions are too high, you’re not alone. These last few years saw dramatic increases in home prices, and since real estate commissions are based on a percentage of the sales price, commissions skyrocketed, even though though there was no more work involved for the agents. As a matter of fact, since many homes were selling in hours or days, the work was substantially less, and yet commissions shot through the ionosphere. This means some agents were earning thousands of dollars per hour, and many were earning hundreds of dollars per hour for their actual hours of labor.
I’ve been writing since 2008 how the real estate industry must evolve because of a two-edged sword that it faces. The first edge is the death of traditional advertising, including print newspapers, magazines, T.V. and radio, bill boards, mass mailings, and robocalls. The second death knell of the traditional bricks and mortar brokerage model are advances in technology and the powerful Internet which gives buyers access to all listings everywhere instantaneously. It’s an amazing and wonderful change, at least for consumers like buyers and sellers.
But the traditional bricks and mortar brokerage has been slow in responding to all these changes. Why? You’ve heard the saying, “Follow the money”? That silly little cliche leads to a lot of answers, doesn’t it?
In the real estate industry, they’ve been desperate to protect their big commissions, and that has made adapting and changing their business models and their commission structures extremely painful for them. And who gets the short end of the stick? You do, you the seller and you the buyer. Don’t worry, help is on the way. The entire industry is undergoing incredible changes forced upon them.
This is why I created a flat fee listing service for homeowners in the state of Washington. Check out this video, and if you or anyone you know is planning to sell their home, share this video with them. They can literally save tens of thousands of dollars.
Learn more at WaStateFlatFee.com or call or text me at 360-775-5424.
Last Updated on October 4, 2022 by Chuck Marunde
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