|MLS Listing Until Your Home is Sold Full Money-Back Guarantee and Free-Listing Give-Away|
Our Money-Back Guarantee takes effect if you are unable to sell your home on the multiple listing service using our FSBO program and then list your home with a full-commission broker. If we referred you to a full-commission broker who is an Affiliated FSBO Realtor™ and he or she sells your home then at the closing of your sale the commission earned by the Affiliated FSBO Realtor™ will be reduced by the listing fee you paid us and reimbursed to you. In effect your listing with us is totally risk-free. Many have asked why we can do this. It is because we know our program works. Our Affiliated FSBO Realtor™ network includes well-known real estate brokerage firms throughout the country. You may use one of them if you wish but the decision is yours.
To the brokerage world the term "fsbo" or "for sale by owner" means that nobody gets a commission, not the buyer's broker and not the listing broker. So if a broker sees that sign you can be sure he or she won't come back. Thus purely as a practical matter the continued use of your FSBO sign can only adversely affect your chances of sale. Also up until now the FSBO sign has really not done you alot of good, even if the traffic patterns in your neighborhood means many cars pass by your home. Otherwise you would not have visited our site. That is a second reason why an FSBO sign makes little further sense. So historically using an FSBO sign once listed was almost never done. The third reason is the most important: it can cost you THOUSANDS OF DOLLARS though you don't know it now and won't be told until it is too late! That is because many so-called "flat fee" brokers offer you a "free" yard sign. But that yard sign prominently displays THEIR COMPANY AND THEIR PHONE NUMBER. There is a good reason why they do this. If a passer-by calls them, they will bring that buyer to view your home. And if that person in fact buys your home, that "flat-fee broker" makes a killing--off of you! We are the only flat fee broker in the country that absolutely and totally refuses to play this game. We will never accept a fee from a buyer for one of our flat fee listings. Don't be fooled by the "free sign" trick: it is nothing but a gimmick, one that can cost you like it has many others, THOUSANDS OF DOLLARS. Buy yourself a "For Sale" sign at Ace or Home Depot for $5 or $10 and put your own phone number on it. The "free yard sign" will likely cost you alot more! Lastly and on a purely theoretical legal basis an FSBO sign is permitted even on listed properties. While the MLS regulations are unclear on this we have discussed the issue with senior MLS representatives who have told us that FSBO signs are permitted but that due to our concern the MLS regulations will be changed to make it clear! The key though is to remember: you are listed. You are no longer "for sale by owner." And that means you don't want to tell brokers that you are. But that is exactly what an FSBO sign means. Practically it should be avoided if at all possible.
It is illegal. They can go to jail for three years. It violates the trust imposed upon them by clients. And they can lose their license in a snap. Brokers are fiduciaries. They must act in the best interests of their clients. If they do not present your property and it is within their client's wants their licenses are in jeopardy. Furthermore, it is strictly against the law (which every realtor and broker must study and understand to pass the test required to become licensed). Every broker is free to charge whatever he or she wants for the listing services rendered. If a broker tells you he will not show FSBO properties because he does not like them, he is telling you that his office is engaged in price-fixing and group boycotting. That violates United States Anti-Trust Laws and there can be both civil and criminal penalties. HE CAN GO TO JAIL FOR THREE YEARS. HE CAN BE FINED TREBLE DAMAGES.If you even suspect this is happening just keep his card and call us. We will refer the matter to the Office of Banks and Real Estate ("OBRE") and if appropriate to the United States Attorney for prosecution. We would take any such threats very, very, very seriously. (That is why we have heard of this happening only once). The MLS Rules state as follows:
"SECTION 1.11. NO CONTROL OF COMMISSION RATES OR FEES CHARGED BY SUBSCRIBERS:The Service shall not fix, control, recommend, suggest, or maintain commission rates or fees for services to be rendered by Shareholder Boards' MLS Subscribers. Further, the Service shall not fix, control, recommend, suggest or maintain the division of commissions or fees between cooperating Shareholder Boards' MLS Subscribers or between Shareholder Boards' MLS Subscribers and non-subscribers."
If you even suspect someone of boycotting you, please immediately contact us and OBRE! One of our links on our home page is to the laws they administer. Another is to U.S. Statutes. The Anti-Trust Laws are the Clayton Act and the Sherman Act. We are fully aware and knowledgable about their impact on the brokerage community. And so is every other broker and realtor. Want to read more on this topic.Here is an informed article on this exact topic.It should have been entitled "Don't Tread On Me!"
We accept MasterCard and Visa. We also accept checks or cash if your Property Profile is delivered to us in person or by overnight delivery service. Payment is credited only after your listing appears on the Multiple Listing Service.
Realtor.com is the premiere FSBO listing site on the Internet. All MLS listings appear there and are available for viewing and research by members of the general public. You do not have to be a broker to search that database. This is why all of our listings are included there (plus many other places). Your listing thus includes at no extra cost a two or three sentence description of your home and one picture. Unfortunately your own phone number does not appear with the normal realtor.com listing. But now your realtor.com listing can be far more beneficial. You can have six photographs of your home (interior and exterior). And the description of your home can be as long and detailed as you want up to 2,500 characters. As if this were not enough your home is classified and highlighted as a "Showcased" home. The cost is just $199. If you want to increase your chances of eliminating all brokerage commissions it is highly advantageous to be featured prominently on realtor.com. Many of our clients feel that the chance to save not only 50% but 100% of their brokerage fees is worth it.
Because we trust you. There is another reason. Until we receive payment we will monitor brokers' calls for you. If you obtain a contract without paying us we have remedies under the law and recourse against the other broker and even the closing itself.
Postage is exorbitant. The cost of xeroxing is exorbitant. The time involved to prepare mailings is exorbitant. We prefer to pass all cost savings on to our clients. And we do.
Advertising is a big money item in today's world. If we were to start advertising we would have to charge hundreds of dollars more than we do, in line with our competition. That would not be fair to you. We know there are people who will wind up paying more for the services we offer but there is not alot we can do about it if we want to keep our fees as low as they are. But since over 50% of our business is referral we hope to keep the unhappy people to an absolute minimum.
Yes but only on two conditions. We obtain the approval of the client first and you agree to accept a reference call from a stranger as well.
That is an agreement where the broker obtains a commission no matter who sells the home, you, he or another broker.
It is unfair and creates conflicts. Let's say you move. Then you sell your home. Since the broker has an exclusive agreement he will still be entitled to a fee and could actually take you to court if you refused to pay. Or else for you to get out of the contract he will require compensation, like a percentage of your sales price. That is grossly unfair but unfortunately the way many of our competitors do business.
But all of our customers have. One of our purposes is to avoid such advertising costs (hundreds per week) through a one-time payment. Your discount is our service.
It will appear in the MLS databank accessible by brokers when the data you provided in the Property Profile is submitted. But a homeowner's phone number is not permitted to be included on non-broker accessible sites under the MLS Rules. The information on consumer sites will be available to the general public in a day or two after the MLS receives your data. We also frequently receive calls from brokers and individuals despite your contact information being available. In such cases we immediately forward them to you. The reason we do this is simple. We want you to sell your home. Then you too will hopefully send us referrals: over 50% of our business is referral business--and it is growing every day.
Unless you choose to be featured as discussed above, your Realtor.com listing will contain only the basic information that those who own Realtor.com permit. The six-line write-up you prepare and all of the other data in the Property Profile is sent to the MLS. But neither the MLS nor any broker has control over what Realtor.com does with it. And clearly they take a whole lot of information and water it down significantly. We have no control over what they do.
It means that when we list your property you are automatically without any further payment also on chicagotribune.com. If you have used this service independently you know what the cost saving will be using our service.
Just call us. We have assembled a nationwide team of top professionals to assist you.
The instant we submit the information on your Property Profile to the MLS it is accessible to brokers. On numerous occasions we have received calls even before we could notify our client of the listing number. The information is posted on the public sites after the MLS has had a chance to review it. This takes a day or two.
Our company is a subscriber to the MLSNI recommended virtual tour company. That means you can get a virtual tour of your home included with your listing. There are tow types of virtual tours available. One puts your virtual tour on www.mlsni.com. The cost is $100. The second includes your virtual tour on the MLS as well as www.realtor.com, www.homes.com and www.homeseekers.com. The cost is $150. Both virtual tours include four virtual shots and one still shot. We can also link your virtual tour to our own home page as an alternative to linking your own website to our homepage.
That takes approximately one day after it is submitted.
Real estate laws and regulations require that this be held by the listing broker in a fiduciary capacity. The earnest money must be held in a non-interest bearing account. If the contract falls through it is returned to the buyer. Otherwise it is used at the closing to pay a portion of the sales price to the homeowner or to offset all or a portion of the costs and fees attributable to the sale.