What is the special “closing Fee” in METRO ATLANTA FMLS ?

What is the special “closing Fee” in METRO ATLANTA FMLS ?

flat fee mls in Georgia
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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),  the best real estate exposure tool is the First Multiple Listing Service ( also called the FMLS).

If you’re not listed in this database, you probably going missed the maximum exposure necessary to sell or lease your property. The FMLS charges a closing fee of .12% of the sale price to the listing agent ( beycome Brokerage Realty LLC). This closing mandatory fee of .12% (.0012) of the selling price which is due at closing and is not optional or refundable.

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).

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.

Example: If the monthly lease price of your home is $2,750 the mandatory closing fee for these 23 counties would be $50.

beycome tell you this to keep with our promise to you of complete transparency and to explain this not optional fee. As beycome Brokerage Realty LLC only charge a flat fee MLS fee from $99 to $299, and as beycome Brokerage Realty LLC is a member of the First MLS (FMLS),  all properties contracted in the following compulsory counties will be charged 0.0012 of the contracted sales price to us by the MLS.

beycome Brokerage Realty LLC chargeback this fee to the property owner/ customer.

 

Source:

Inman https://www.inman.com/2011/09/06/mls-fees-challenged-antitrust-respa-violations/

 

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