Definition of Flat Fee Real Estate Brokerage

Definition: As a business model, real estate flat fee brokerage is relatively new on the scene. It has evolved with downward pressure on real estate listing commissions. Generally, the name explains it very well. A flat price is placed on the delivery of listing or buyer brokerage services.

There is no percentage of the sales price involved, only a flat quoted price for the list of provided services.

What is provided can vary by law and by the choice of the company doing flat fee brokerage.