Flat Fee MLS Adversion by Agents????

[Jim C.]

I was thinking about selling a property using a Flat-Fee MLS listing, but have been told by realtors that they would probably steer buyers away due to the extra amount of work involved by the buyer's agent due to no seller's agent. Any thoughts on this???

[Jorge Zea]

Jim, Full Service Brokers will agree (obviously) because they need to undermine a model that cut their commissions' structure.

After many properties listed and sold, I know, for a fact that regardless of the attitude of Buyer's agents towards Flat Fee (Entry Only or Limited Service Listings) the sale of a property is not affected by it - the buyer will buy the property they like regardless of Realtor's willingness to show it or not.

If a Realtor "refuses" to show a buyer a property (buyer already saw it online already anyway) because of the Flat Fee listings ... the buyer always either skips the his Realtor, find a new Realtor or contacts the seller or listing agent directly.

Furthermore we have seen ethics complains against agents that do this (violation of article 3) ... so Realtors steering buyers away not only loose the buyer but some get fined too.