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Updated almost 14 years ago on . Most recent reply

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22
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A W
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Votes |
22
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Flat Rate MLS (list on MLS by youself) for rental?

A W
Posted

Hi,

We want to rent our house in Ballantyne area.. To gain more exposure, we want to list the rental on MLS. I searched online, it seems that I can do Flat Rate MLS listing, like this one:
http://www.carolinarentalexpress.com/goflatrate.htm
I understand they would charge a flat fee of $95 to do the listing for me and I would not need to pay any other commissions.

Could anyone share his/her experiences on this?

Thank you!

BTW I heard that I will need to pay the tenant's agent's commission which is normally 10 or 20% of the 1st month rent? Will I be the one who determines the percentage?

Most Popular Reply

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107
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34
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Angie Menegay
  • Rental Property Investor
  • Irving, TX
34
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107
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Angie Menegay
  • Rental Property Investor
  • Irving, TX
Replied

Hi,
You're the one who will determine how much to pay the tenant's agent. When you sign up for the flat MLS listing service, they should send you a standard state form with a load of questions, one of which should be how much you want to pay the other party's agent.
And I agree with George - 35%-50% of first month's rent is typical. Otherwise, no agents would want to spend time showing your property.
Angie

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