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Wealthy Way

Breaking Down Flat Fee Brokerages: How They Work and Their Benefits

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 9 January 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Breaking down the flat fee brokerage model and how it shifts the responsibility in the home selling process.---If you want to level up, text me at 725-527-7783! Get access to our real estate community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/--- ---About Ryan Pineda: Ryan Pineda has been in the real estate indust...

Transcript

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0:00.0

With the flat fee brokerage we use, they're in like lots of states.

0:03.5

So that makes it easy.

0:04.5

Can you break down with the flat fee brokerage works?

0:06.8

So like typically as when you list your house, you pay like, let's say 3% for a realtor.

0:11.1

They'll put on the MLS.

0:13.0

They'll let's say take pictures, stage you, do all things.

0:15.7

And they'll go to like the open houses and show the listing.

0:19.3

So with a flat fee broker, how's that all that work?

0:22.6

They do everything or you do everything, essentially the broker would do. So they're just putting it

0:27.0

on the MLS for you. You're the point of contact now. Okay. And so when agents want to see it,

0:32.4

you're going to coordinate it. When agents want to make you an offer, they're going to you.

0:36.3

Okay. It essentially, I don't even know,

0:39.0

the best way to legally say it, but you kind of get to become the agent in a way. So, I mean,

0:44.3

I mean, certain states, is that okay to do? I mean, just flat fee brokerages exist in every state.

0:48.8

Okay. And they're like, but as far as like negotiating, you don't have to be an agent to negotiate or to do the showings or anything?

0:54.3

Nope.

0:54.7

Okay. Interesting.

0:56.2

So flat fee allows you to find, you know, brokerages nationwide.

1:01.3

As far as the other parts of it with, what was your second question?

1:06.3

So there's the agent.

1:08.1

And then how do you find the like the values of the houses?

1:10.5

Oh, okay. So yeah, the value, that's the hardest part when you do you find the like the values of the houses oh okay so yeah the value

...

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