NYC Flat Fee MLS
Is there an officialΒ New York City Multiple Listing ServiceΒ that all of the cityβs brokers use?Β Is it possible for aΒ FSBO sellerΒ in New York City to pay a flat fee to get his or her home listed on it through a Flat Fee MLS listingΒ package?
Although there is a Manhattan MLS operated by the Manhattan Association of Realtors (MANAR), it is not very popular and a large portion of the major broes have failed to join.Β As a result, the primary inter-brokerage database is called RLS and actually operated by a non-Realtor entity called the Real Estate Board of New York (REBNY).
Over 75% of NYC home buyers are represented by buyers’ agents in New York City. A NYC FSBO seller who do not list his or her home on RLS is therefore preventing the vast majority of buyers from seeing his or her home. This can be a deadly move which may result in a low sale price or the failure to find a buyer altogether.
New York City (NYC) FSBO sellers looking to fully market a property should actually be on the lookout for a βFlat Fee RLSβ listing package. NYC FSBO sellers can list on the New York City MLS (Multiple Listing Service), called RLS (REBNY Listing Service), through Hauseit. A NYC Flat Fee MLS listing package also posts your home on over a dozen real estate websites, including StreetEasy, all at once for zero percent listing agent commission!
Infographic by Hauseit
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