In Metro Atlanta (Barrow, Bartow, Chattooga, Cherokee, Cobb, Dawson, Dekalb, Douglas, Floyd, Forsyth, Fulton, Gordon, Gwinnett, Hall, Haralson, Jackson, Lumpkin, Newton, Paulding, Pickens, Polk, Rockdale, and Walton counties), is covered by the Georgia MLS (GAMLS). It is also covered by the First Multiple Listing Service (also called the FMLS). If you are considering Flat Fee MLS in Georgia FMLS is a significant service to consider. This is especially true when looking for options like Flat Fee MLS in this region.
The FMLS charges a closing fee of .12% of the sale price to the listing agent. This closing mandatory fee of .12% (.0012) of the selling price is due at closing. It is not optional or refundable. Flat Fee MLS Georgia FMLS can help in reducing overall costs associated with selling properties.
Example: If the sale price of your home is $100,000, the mandatory closing fee on these 23 counties would be $120 (100,000 x 0.0012). By using Flat Fee MLS Georgia options specifically with FMLS, this example demonstrates potential savings.
For lease/ rent, The FMLS charges the listing agent a closing fee of:
– Monthly Rent up to $1,499 $15
– Monthly Rent up to $1,500-$2,499 $25
– Monthly Rent up to $2,500-$4,999 $50
– Monthly Rent up to $5,000 and over $100
which is due at closing. Again, Flat Fee MLS in FMLS framework can benefit landlords greatly.
Example: If the monthly lease price of your home is $2,750 the mandatory closing fee for these 23 counties would be $50. It is beneficial to explore Flat Fee MLS Georgia FMLS options to optimize these costs.
Source: Inman
List your home on the GAMLS to avoid this fee