Why are NYC Flat Fee MLS Listings so Rare? (2019)

Why are NYC Flat Fee MLS Listings so Rare? (2019)



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Selling FSBO in NYC? List with a NYC Flat Fee MLS package:

NYC flat fee MLS listings are still very rare despite advances in technology and the city having the highest home prices and real estate commissions in the nation.

Is it because it the market is too profitable for NYC brokers to offer discounts? But why are discount services so rare when there are over 30,000 real estate agents in NYC alone and not enough listings?

What is the NYC MLS?

NYC flat fee MLS listings are rare for the following reasons:

NYC’s real estate industry is controlled by only a few major brokerage companies, creating an oligopoly for consumers

Aspiring real estate agents enforce the status quo, refuse to discount commissions and ‘dream big’

NYC doesn’t have a traditional MLS, so it’s more challenging to offer FSBO sellers a NYC flat fee MLS service

NYC Flat Fee MLS Reason One: Lack of Commission Competition

Are NYC real estate agent commissions negotiable?

Although NYC has over 30,000 agents and many thousands of listings at any given time, the industry is far less competitive than it may appear from the surface. This is because a large proportion of all agents and listings are controlled by a handful of large and dominant brokerages in the city.

While a real estate salesperson license in NYC is very easy to obtain, each new salesperson is required to associate with a brokerage in order to conduct business.

Licensed real estate salespeople at these major brokerages aren’t simply permitted to discount commissions. Every listing agreement or deal requires approval and sign-off by a managing broker at the firm. These large, traditional brokerages have unwritten policies which severely limit or altogether prohibit offering any form of discount or reduced commission services.

NYC Flat Fee MLS Reason Two: Agents Enforce the Status Quo

The traditional school of thought suggests that although the vast majority of licensed real estate agents don’t close any deals in a given year and price fixing at 5-6% in real estate sales commissions per given sale only benefits a handful of stars, the masses of agents who don’t close deals still protect the status quo because of hope that they could potentially become one of these high earning star agents. 

As a result, even though the system they are helping enforce does not benefit them, these young and aspiring agents go out of their way to enforce the status quo by refusing to budge on prices and boycotting discount brokers.

NYC Flat Fee MLS Reason Three: Lack of an Official NYC MLS

An alternative explanation for why NYC flat fee MLS listings are so rare is because NYC doesn’t have an official MLS nor a dominant NAR (National Association of Realtors) affiliated local trade organization in New York City. 

While there is a Manhattan Association of Realtors (MANAR) which operates the Manhattan MLS, it is not very popular and many of the major NYC brokerages have refused to join it.  As a result, the dominant trade group and inter-brokerage database is operated by REBNY, which is a private NYC based real estate association.

Looking for a NYC Flat Fee MLS Service? Buyer Beware!

What typically happens when an unsuspecting NYC FSBO home seller purchases a package from a large, national “for sale by owner” company is that the company will list the seller’s NYC home in the New York State MLS, the Long Island MLS or some other irrelevant MLS which none of the brokers in NYC actually use. 

What’s even more shocking and damaging to NYC FSBO sellers is the fact that most of these large, national “for sale by owner” websites won’t even list the NYC home owner on local websites like StreetEasy.

Sell FSBO for a Flat Fee or List with a Full Service Agent for Just 1%

Hauseit is the only listing company in NYC able which offers intelligent sellers two options for significantly reducing or eliminating NYC real estate commissions altogether.

For FSBO sellers, Hauseit offers NYC home owners the most reliable and effective NYC flat-fee MLS service for a low, one-time flat fee. Your listing will be fully marketed on the NYC MLS (RLS) and dozens of other sites like StreetEasy by a full-service REBNY member firm for 0% listing agent commission.

List FSBO in NYC:

For NYC sellers who are too busy to list FSBO but still aren’t willing to pay 6% in commissions, Hauseit offers sellers the ability to work with a full-service REBNY member listing agent for only 1%.

Sell in NYC for just 1%:

For buyers, Hauseit offers NYC purchasers savings of up to 1% on the sale price during a real estate transaction.

NYC Buyer’s Agent Commission Rebate:

Hauseit

County Road 733, Flat Rock, AL 35966 – MLS #1109601

County Road 733, Flat Rock, AL 35966 - MLS #1109601



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Welcome home! This lovely country home is located on a one acre lot on a quiet back road. The yard is mostly level and there is a huge back deck perfect for grilling and entertaining. The front door opens to a spacious and bright great room. The hardwood floors are a nice contrast to the recently painted walls, and the gas log fireplace and built in cabinetry add character and warmth. The kitchen is very inviting with white cabinetry, subway tile backsplash, and stainless steel appliances, and is located conveniently between the formal dining area and the breakfast nook. There is an oversized pantry with plenty of storage. The master bedroom is a dream.

For more information visit:

Real Living Real Estate Lifestyle

Sell Your House For A Flat Fee!

Sell Your House For A Flat Fee!



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LIST YOUR HOME FOR A FULL SERVICE FLAT FEE! Watch our video & get your equity back Alabama! At Local Realty we provide another option when selling your home. Thanks to our streamlined cloud based systems and low overhead costs we NOW offer FULL SERVICE FLAT FEE listings! This means more money in your pocket as a down payment for your next home with us! #LocALRealty #FullService #FlatFeeListings #RealtorsForThePeople

Find out more @ www.LocalRealtyFlatFee.com – Call/Text us NOW @ (205) 451.3044 or Click the Messenger button to see how much we will SAVE YOU!

LocAL Realty

18962 Alabama Highway 71, Flat Rock, AL 35966 – MLS #1279134

18962 Alabama Highway 71, Flat Rock, AL 35966 - MLS #1279134



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Purchaser to verify school district. And condition of septic tank and water lines.

For more information visit:

Real Living Land Lifestyle

County Road 804, Flat Rock, AL 35966 – MLS #1108744

County Road 804, Flat Rock, AL 35966 - MLS #1108744



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Enormous potential in this charming country home has enormous potential with its 3 bedrooms, 1.5 baths. Two of the rooms have new laminate flooring. Plenty of storage in the sheds outside. The detached carport features a room in the back perfect for a work area. This 9.5 acre tract features an abundance of mature fruit trees and plenty of room for your vegetable or flower garden. Make an appointment today for your private showing. Home is being sold AS IS.

For more information visit:

Real Living Real Estate Lifestyle

Flat Rock Real Estate Home for Sale. $225,000 3bd/3ba. – Casey Henderson

Flat Rock Real Estate Home for Sale. $225,000 3bd/3ba. - Casey Henderson



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Listing: 1108273
Property Type: Residential
Price: $225,000
Beds: 3
Baths: 3
Sq. Ft.: 2580
Number of Acres: 4.27
Units: 0
City: Flat Rock
Address: 2810 ALABAMA HWY 75
Date Listed: 2018-12-10

Southern Properties Agency, Inc.