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Updated almost 2 years ago on . Most recent reply

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Braath Waate
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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.

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Greg H.
  • Broker/Flipper
  • Austin, TX
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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.
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