No commission real estate, a review of the facts
Fabulous news to those who wonder why brokers walk away from a real estate transaction with what appears to be too much money for too little work. The no commission real estate process is pretty simple: sign up for no commission real estate services on a flat fee Multiple Listing Service (MLS) broker website by entering your property address in their system and making an online payment. The agency assigns you to a specific broker for the life of your transaction and emails you a package of forms and instructions along with your payment receipt. They will list your home on their website within one business day of receipt of the completed paperwork and on the nationwide MLS network within the next few business days. Your assigned broker still functions as your general point of contact in a no commission real estate relationship.