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Since 1998, I have seen the good, the bad, and the ugly in flat fee home sales. There is much more good than bad and ugly, and it is easy to see that the bad and ugly are more common with certain players in the flat fee MLS industry. It is frustrating to see some of the most questionable flat fee websites continue to operate, knowing the problems they have, and knowing the low chance of success sellers who uses these companies actually have. I hope the web 2.0, also known as social media, will help consumers avoid the problem brokers.

Quick review of Realcomp MLS Case:

An MLS creates rules that hide discounter/innovator brokers' listings,
the US Federal Trade Commission (FTC) investigates,
the MLS (called Realcomp) refuses to change rule,
the FTC sues the MLS for restraint of competition,
the MLS gets NAR funding to fight the FTC,
the Case is tried in Washington, DC, Albert Hepp testifies as a flat fee MLS Broker, then
the MLS wins the FTC case.

[Booing, hissing]

There are so many questionable flat fee MLS listing websites out there, it is essential that sellers do their homework to avoid a bad experience. Many sellers fail, not because they went with a flat fee multiple listing, but because they chased saving the last dollar and got burned. Don't sign up for a listing until you have taken a couple of minutes for due diligence:

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