Posted by Ed Copp (OH) on August 29, 2005 at 09:39:38:
MLS has nothing to do with it. MLS is a marketing service that a real estate broker may or may not be part of. Locally you will find commissions will run about the same from one office to another, however reducing a commission is not illegal. So negotiate before signing a listing contract. Flat fee services are legal if negotiated.
Price fixing is NOT legal. For all brokers to charge the same fee could very well be considered price fixing.
Non-MLS Commissions - Posted by Todd
Posted by Todd on August 28, 2005 at 21:56:59:
Does anyone know what commission Realtors earn on non-MLS properties?
Anything fairly contracted - Posted by John Merchant
Posted by John Merchant on August 29, 2005 at 09:41:12:
There being NO cap or max or bottom on RE commissions, this being a free country, whatever the parties agree to in writing.
Just remember that all RECs are owned by the Broker so he/she should be consulted as it’s going to be his/her decision here that matters.