A full-service broker has coverage in my local MLS but Houzeo doesn't. Why should I list with Houzeo?
While there are approximately 550 MLSs across the U.S., including some smaller ones with fewer than 300 members (e.g., Yuma MLS in AZ), covering every single MLS on a flat fee basis is not feasible. The primary reason Houzeo may not have coverage in smaller MLSs is that flat-fee brokers typically do not subscribe to them due to limited benefits and reach.
However, listing with Houzeo still offers several significant advantages:
Wider Exposure Through Larger MLSs: Even if we don’t cover smaller MLSs, your property can be listed on larger MLSs like California Regional MLS (CA), Georgia MLS (GA), and OneKey MLS (NY). These MLSs have extensive member networks with up to 50-60K members, ensuring your property gains substantial visibility and reaches a larger audience of potential buyers.
National Reach: Properties listed on these larger MLSs are syndicated to major real estate websites like Zillow, Redfin, and Realtor.com. This national exposure increases the likelihood of attracting buyers from across the country.
Cost Savings: Recent updates from the National Association of Realtors (NAR) suggest that you could save significantly on commission fees. The new rules allow for:
- Negotiated Buyer Agent Commissions: Buyer agent commissions will be negotiated twice—once when buyers engage with agents and again during the offer review process. This can lead to lower overall commissions.
- No Steering: Since buyer agent commissions cannot be published on MLSs, agents cannot steer buyers away from properties based on commission rates.
- Enhanced Negotiation: Commissions will be included in offer contracts, enabling more transparent negotiations between sellers and buyers.
By choosing Houzeo, you benefit from extensive exposure through larger MLSs and potential cost savings, all while leveraging a cost-effective, technology-driven platform.
Related Articles
How do I apply to be one of the potential agents to list the homes for them on the MLS?
Thank you for your interest in becoming a Houzeo Partner Agent and helping sellers list their homes on the MLS! Eligibility Requirements: Before applying, ensure you are: Independent Brokerage: You must be a Managing Broker or Broker-in-Charge of ...Why do I need a listing agent to get listed on the MLS?
The Multiple Listing Service (MLS) is a members-only database that is accessible only to licensed real estate agents and brokers. To have your property listed on the MLS, you must work with a licensed listing agent. ✅ MLS Access is Restricted to ...Can I list my property with Houzeo for a flat fee if I have my own agent?
Yes, you can list your property with Houzeo for a flat fee and a minimal commission on closing, even if you have your own agent, but there are some important considerations to keep in mind based on how Houzeo operates and standard real estate ...How Houzeo chooses the listing agents?
Why is an agent required for an MLS Listing: Only licensed real estate agents who belong to the specific Multiple Listing Service (MLS) can list properties on that platform. MLS is a powerful tool that exposes your property to a vast network of buyer ...Why is there only one option when selecting the listing agent?
Houzeo’s main objective is to get your property listed on your local MLS, ensuring it gains maximum exposure in your market. The agent shown to you is licensed and has access to your primary MLS, which is why they’ve been assigned to your listing. ...