Flat fee MLS refers to the practice in the real estate industry of placing property into a database used by members of the National association of Realtors for a set fee or dollar amount as opposed to a commission based on the sales price of the property.When doing a flat fee listing service, the Listing contract between the real estate broker and the property owner typically requires the broker to enter the property into the MLS and the seller pays the listing agent a one time fee to do so.
The ultimate result is to make the MLS available as a marketing tool to house sellers without the necessity of the seller purchasing a package of other services from the real estate agent.
In recent years, the unbundling of services accelerated by the advent of the Internet has fostered a number of brokerage models which have developed to cater to the FSBO market by providing services on an "a la carte" basis.
