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Sell Your Home For a Flat Fee of $3,500
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The Redefy Listing Process
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Frequently Asked Questions
What is a broker's co-op?
The broker’s co-op is the split in commission between a buyer’s agent and a listing agent. Traditionally the broker’s co-op was split at about 3% to the listing agent, and 3% to the buyer’s agent. At Redefy, we replace the listing agent commission with a $3500 flat fee, but the seller is still responsible for the full buyer’s agent commission.
When do I pay the $3,500?
Our $3500 flat fee begins with a $500 non-refundable deposit paid at the time you sign a listing contract with us. It is used to pay for the marketing of your property. The deposit is part of the $3500 fee and is deducted from the $3500, so at closing, you’ll only owe the remaining $3000. The $3500 ONLY covers the listing agent’s commission. You will still be responsible for paying the buyer’s agent commission. (broker co-op).
Do I still pay the buyer's agent commission?
Yes. This is what’s known as the broker’s co-op. Though we only charge $3,500 as our listing fee, we recommend paying the full buyer’s agent commission. This helps to ensure the proper interest in your home, ultimately resulting in a faster sale for your desired listing price.
How does your $3,500 flat fee work?
There are three main costs when selling a house. Paying the listing agent, paying the buyer’s agent and title fees. We save money on the listing side of the transaction by charging a flat fee of $3500 instead of a commission (typically around 3% of the price of a home). Home sellers will still be responsible for paying the buyer’s agent and title fees.