New York Flat Fee MLS

	Allows choice of brokerage services
	Allows brokers to offer rebates to consumers

New York allows real estate brokers to provide rebates to consumers and to customize their real estate service offerings to meet their customers’ needs.

New York consumers may use a Flat Fee MLS Broker and sell (or otherwise transfer title to the real property) to any person whom they procure (i.e. someone who is not represented by a "Buyer's Broker") without having to pay a buyer's brokerage commission or penalty.

Consumers can:

• Search for a Flat fee MLS broker in New York and Go FSBO!
• Wipe out the listing brokerage commission and save thousands.
• Stay in control by eliminating certain contractual risks that are present when using a full service real estate broker.
• Deal directly with a licensed New York broker. Fees vary by State, County, and Local Broker.
• Click here to learn about other state laws or regulations affecting consumers' rights as a seller of real etsate.
• MLS Listings are updated in real time and are available for viewing on www.realtor.com and your local MLS 24/7.

Related documents:

• Letter from New York Department of State Re: Real Property Law Section 442 permits payment of rebates (02/06/2008)

New York Flat fee MLS is a term used to describe a practice in New York in which realtors place pertinent information about a New York property for sale into the database of a New York local Multiple Listing Service (MLS) for a set fee or dollar amount as opposed to a commission based on the contract selling price of the property.

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