As home prices rise, many sellers are considering a fixed-fee realtor as an alternative to the traditional 6% commission. But before you decide to make the switch, be sure to thoroughly research both options and weigh the pros and cons to determine which model best fits your goals and situation.

A flat fee real estate broker charges a predetermined, flat rate to list your property on the Multiple Listing Service (MLS), which exposes it to a wider audience of potential buyers and other real estate agents. This is a far more cost-effective model than paying a commission based on the sale price of your property.

What You Need to Know About Fixed Fee Realtors

Flat-fee real estate brokers often provide more services than just MLS listing, such as staging advice, photography, and more. Some even offer the option of a full-service agent at an additional cost, which can be worth it if you’re looking for more in-depth help selling your property.

Some flat-fee brokers only include MLS listing in their flat fee, which is fine if you only need a basic listing and don’t plan on using any other agent services. But be sure to read the terms and conditions carefully to ensure you’re getting exactly what you’re paying for.

Also, keep in mind that a flat-fee broker may not be as experienced as a traditional agent when it comes to negotiating and handling the details of your sale. That’s why it’s especially important to do your homework and find out how long an agent has been in business, their experience, and their reputation.