More questions answered on how our service works. For all the answers just pop on over to our flat rate MLS listing website. www.SDRhouses.com/flatfeemls.html
How long is my listing for? Our standard listing agreement is for 12 months. If you want to list for a shorter period of time, you are welcome to choose how long you want to list for. We typically do not list properties for longer than 12 months, but we will allow you to extend your listing indefinitely at no additional charge if it is close to expiring.
How much time does it take to get listed on the MLS and the internet sites? Typically we can get your listing loaded into the MLS within 1-2 business days of receiving all of the paperwork from you. Realtor.com and the other internet websites upload their data from the MLS. Listings often take 4-5 business days to show up on these websites.
Can I make changes to my listing once it has been inputted into the MLS? Yes. We allow unlimited changes to your MLS listing during the first 14 days. After that we allow 1 change per week with a maximum of 20 changes during the life of the listing. We are quite liberal with allowing changes as long as we feel we are not being taken advantage of. All changes will need to be in writing and submitted on a Status Change Form.
Can I use my own For Sale By Owner sign? We recommend that you use our company For Sale sign. Other Realtors often get confused or nervous about not getting paid their commission if they do not see the Listing Realtor's sign in the yard. If you do want to use your own sign, we recommend that you write the MLS # on the sign along with the words "Brokers Protected." That should make other Realtors feel more comfortable in showing your property. If you are attempting to rent your property, we recommend inputting your property on Rentals.com either through our firm or on your own and using their sign with your contact information on it.
How much commission should I offer to a buyer's agent? You are free to offer whatever commission you want to other Realtors. Our standard listing agreement has 3% pre-printed on the form, but you are welcome to cross that out and change it. However, we recommend that for properties priced under $500,000 that you offer no less than 2.5% to them. For properties priced above $500,000, we recommend that you offer no less than 2%. When the market is slow, we recommend that you instead offer a higher commission or a bonus (some people offer as high as 5%-10% commissions) to entice Realtors to show your property to their buyers. With properties listed For Rent, we recommend offering no less than 50% of the first month's rent to other Realtors as a commission incentive to bring a tenant.
Is my listing going to appear any different in the MLS and the internet than a listing by a full service Realtor? Your listing will appear in the MLS and the internet exactly the same as any other listing. The only exception is that the MLS will contain a note in the "Realtor Remarks" section that this is a limited service listing and that other Realtors should contact you in order to show the property or negotiate an offer. Other than that, there is no difference.
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