The Illinois Flat Fee MLS Broker
Illinois flat fee mls broker
 
 
By Law what is required of an Illinois Flat Fee MLS Broker?

The flat fee broker model has been around longer than we think. 
This 
model of business has saved home sellers thousands and thousands of dollars selling their homes. For Sale By Owner.com was probably the first and has been around for about 25 years. They did not start out as a flat fee brokerage but, introduced us to a different way of selling homes affordably. This model of business has saved home sellers thousands and thousands of dollars.

Illinois Flat Fee MLS Broker
There are different rules for a flat fee mls broker depending upon the state you are selling your home in. Some states, the broker can list the property and that is all they need to do. Talk about a real set it and forget it model. Here in Illinois flat fee mls brokers have responsibilities. The IDFPR-Illinois Department of Federal Regulation, that governs over all real estate brokers has it’s own set of rules. They do not want us to follow the set it and forget it rule.

We must be available for all questions and concerns to our home sellers during the course of the listing and after closing. We are to present all offers and counteroffers. That is not to say that some brokers submitting offers will send directly to the seller. It is stated on all my listings to submit to the listing  to the listing office, they still do it anyways. It is not the end of the world, because my sellers will let me know of the presented offer.  I try to have a close relationship with my sellers and explain the rules. I have a variety of sellers. Some need my help for everything and some are a bit more savvy and are a little more independent. The sellers that do not really need assistance with offers, we must still be available and present during the contract process.

I have seen on other Illinois flat fee mls broker site’s advertising a tiered level of packages that the basic does not include negotiations of contracts. They could get themselves in trouble with the state if they found out they were charging extra for that.

Illinois Flat Fee MLS Broker Rules and Regulations:

Illinois Real Estate License Law  (Minimum Services Provision)
illinois flat fee mls broker
 Section 15-17. Exclusive Brokerage Agreements. - All exclusive brokerage agre
ements must specify that the sponsoring broker, through one or more sponsored licensees, must provide, at a minimum, the following services:

1.  accept delivery of a present to the client offers and counteroffers
to buy, sell, or lease the client’s property or the property the client
seeks to purchase or lease;

2.  assist the client in developing, communicating negotiating, and
presenting offers, counteroffers, and notices that relate to the offers
and counteroffers until a lease or purchase agreement is signed and all
contingencies are satisfied or waived; and

3. answer  the client’s questions relating to the offers, counteroffers, notices, and contingencies.


Illinois Flat Fee MLS Broker References:

illinois flat fee mls broker

The United States Department of Justice

Antitrust Implications of Home Seller Outcomes when
using Flat-Fee Real Estate Agents*


AEI-Joint Center For Regulatory Studies



flat fee mls illinois
 
 

Quick Search

$
$
 

Quick Contact

Enter your phone number and I'll give you a call.

 

Email Agent

Enter your email address and I'll reply as soon as possible.

 

School Search

Enter a zip code to see the schools in that area.

 

Newsletter

Sign up to receive my monthly newsletter right in your inbox.

 

Calculator

 
 
Realtor Equal Housing Opportunity Multiple Listing Service
 

What my clients are saying  

I worked with Vanessa a couple years ago to sell a house in the suburbs. Her assistance was professional & affordable. I would recommend her to anyone willing to show the property themselves and will certainly use her again when the need arises. Sincerely, Marc J

 

~ Marc J.

We found Vanessa when we decided to sell our house FSBO. We ended up getting our offer on the first day. Many think that this is a simple process, that they take pictures, write up a description and place on the MLS. What you don't see is the amount of work that goes into the process, pulling comps, getting the price exactly right, the negotiating process, communicating with all the involved parties, etc. etc. We originally choose Vanessa based on cost, only $299 out of pocket seemed like a no brainer but what you don't know is that she handles I cannot stress enough that she is your acting broker, you are selling FSBO but she acts and works as your broker. The only difference is that she does not take a percentage of your profits, she only takes her nominal flat fee. It is very surprising how she does this, why she would want to do this. I am guessing it is for repeat business which I am sure she gets a lot of given that she is a true professional and hard worker.

 

~ Christin R

Future home sellers, I want to let you know that I have been very impressed with the professionalism I experienced with iRealty. Vanessa Carlson kept me abreast of the steps required to complete the home sale process. When I had questions she responded quickly and offered helpful advice. She worked hard to help me sell my home. I recommend her to anyone desiring to work with a true professional. Marie Cooper

 

~ Marie

We wanted to take the time to say Thank You! for such a wonderful job you did in helping us sell our home. Your professionalism and your warmth made it easy to work with you. I have to say that you definitely went beyond the scope of work for us and if that is your company’s philosophy you should be very proud of that. In todays economy, having our house listed on all of the web sites you subscribe to was truly a benefit. We wish you well in your business and will gladly contact you again if we have any other properties for sale. People can’t believe when I tell them how reasonable your service is and the fact that the difference in selling it through iRealty directly vs realtor/broker commissions is huge. It allows a seller to be a bit more flexible knowing that they have that cushion. Thanks again for all of your efforts and we would be happy to serve as a reference for any iRealty prospective clients that you may have.

 

~ Frank and Debbie

For 2 years we had our house on the market with a Realtor. We had some showings but no offers.even though our whole house was updated. We decided to try one more time to sell; however, this time we would sell the home by ourselves. A few days after we put a sign on the lawn and on the corner advertising that our home was for sale By Owner we met Vanessa at a home show. She explained her services and she was down to earth and seemed so genuine that we decided to give her a try - especially since the home was still By Owner; we just now had perks of having the home being advertised as if I had a realtor. We had it up for sale for 6 months and had 3 contracts on the home and we did recently close. Vanessa was great to work with and even recommended a lawyer for our closing. The difference was truly amazing. I would recommend Vanessa and IRealty to anyone.

 

~ Cherie and Carl

Hey Vanessa, Thank you so much for all the help you have given me with this property listing. Choosing to use an alternative form of listing service was a gamble, but this has turned out very well. From the beginning the service has been exemplary with a well thought out, well constructed, user friendly web site; prompt replies to my various calls; and above all, truly professional service. I will certainly recommend your brokerage to others. Thanks for everything and please feel free to use me as a reference.

 

~ Denise

Nothing but good things to say about Vanessa,she was very thorough in everything she did. She was my agent on a number of properties and i had no hesitation recommending her to some of my friends.In a tough market her experience and professionalism was invaluable and when i need an agent again i would immediately call Vanessa.

 

~ Vinny

I was very fortunate to meet Vanessa at the right time in this interesting real estate market. Her professional manner and knowledge of current conditions were very helpful in managing a profitable sale. I look forward to working with her again.

 

~ Aaron K.

More Reviews

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!

YES, SHOW ME NOW