MLS Listing
The cost of flat fee MLS listings in many urban markets has dropped to a few hundred dollars, and now you may even be able to get an mls listing for free! One of the leading discount brokers for real estate buyers, BuysideRealty, has changed its name and begun offering mls listings in 20 states today with 17 more coming soon.
The question that I would ask, is can a service, effectively compete with a paid service that is perceived to be free, especially when it involves the incredible risk of being the one of the largest financial transactions of your life?
May 31st, 2007 at 10:17 pm
The question I would ask is what the broker’s angle is. There must be an unstated benefit to them. Are they taking the buyer calls? Are they looking for mortgages? Flat fee brokers either generate revenue in volume off the fees. A “free” service must come with some string attached or they wouldn’t do it.
May 31st, 2007 at 11:12 pm
That’s a great point. My guess would be that they plan to make money by generating buyer leads for their ‘Buyside’ agents and try do a greater volume of deals with their 75% commission rebate offer.