Selling FSBO in NYC? List with a NYC Flat Fee MLS package: http://www.hauseit.com/nyc-flat-fee-mls-listings-reason-rare/
NYC flat fee MLS listings are still very rare despite advances in technology and the city having the highest home prices and real estate commissions in the nation.
Is it because it the market is too profitable for NYC brokers to offer discounts? But why are discount services so rare when there are over 30,000 real estate agents in NYC alone and not enough listings?
What is the NYC MLS? http://www.hauseit.com/nyc-multiple-listing-service/
NYC flat fee MLS listings are rare for the following reasons:
NYC’s real estate industry is controlled by only a few major brokerage companies, creating an oligopoly for consumers
Aspiring real estate agents enforce the status quo, refuse to discount commissions and ‘dream big’
NYC doesn’t have a traditional MLS, so it’s more challenging to offer FSBO sellers a NYC flat fee MLS service
NYC Flat Fee MLS Reason One: Lack of Commission Competition
Are NYC real estate agent commissions negotiable? http://www.hauseit.com/real-estate-agent-commissions-negotiable-nyc/
While a real estate salesperson license in NYC is very easy to obtain, each new salesperson is required to associate with a brokerage in order to conduct business.
Licensed real estate salespeople at these major brokerages aren’t simply permitted to discount commissions. Every listing agreement or deal requires approval and sign-off by a managing broker at the firm. These large, traditional brokerages have unwritten policies which severely limit or altogether prohibit offering any form of discount or reduced commission services.
NYC Flat Fee MLS Reason Two: Agents Enforce the Status Quo
Although the vast majority of licensed real estate agents don’t close any deals in a given year, the masses of agents who don’t close deals still protect the status quo because of hope that they could potentially become one of these high earning star agents.
NYC Flat Fee MLS Reason Three: Lack of an Official NYC MLS
An alternative explanation for why NYC flat fee MLS listings are so rare is because NYC doesn’t have an official MLS nor a dominant NAR affiliated local trade organization in New York City.
Looking for a NYC Flat Fee MLS Service? Buyer Beware!
Watch out for national FSBO companies who will list you on the wrong MLS.
For FSBO sellers, Hauseit offers NYC home owners the most reliable and effective NYC flat-fee MLS service. Your listing will be fully marketed on the NYC MLS (RLS) and dozens of other sites like StreetEasy by a full-service REBNY member firm for 0% listing agent commission.
List FSBO in NYC: http://hauseit.com/fsbo-nyc
For NYC sellers who are too busy to list FSBO but still aren’t willing to pay 6% in commissions, Hauseit offers sellers the ability to work with a full-service REBNY member listing agent for only 1%.
Sell in NYC for just 1%: http://www.hauseit.com/agent-managed-listing/
