Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Braath Waate
0
Votes |
5
Posts

Flat fee MLS broker 0.5% due at closing (Colorado minimum service state)

Braath Waate
Posted

After some research I've learned that most flat fee MLS listing services charge an additional 0.5% due at closing in Colorado (specifically, Grand Junction). What I couldn't find out is how that closing fee is enforced. Do they require signing a Exclusive Right To Sell contract? If not, and I find a buyer and close the transaction myself with my favorite title company, would I have to pay that fee?

As an experiment, I set up a listing with houzeo, and got to the point where they want my credit card, but they didn't require signing any contract up to that point.  So I'm mystified as to how this 0.5% closing fee is enforced.

Most Popular Reply

User Stats

4,335
Posts
4,243
Votes
Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
Votes |
4,335
Posts
Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

I used a flat fee agent to sell my property in Grand Junction in early 2022.  Whatever company you use the agent will most likely be Chery Bradley.  She did a fantastic job for me.  Basically full service for 1/2% which honestly as a broker myself I would not do

How will it be enforced?  One you make payment you will be sent a listing agreement just like with a full service broker that will state 1/2% will be due the selling agent at closing

  • Greg H.
  • Loading replies...