A flat fee realtor is a real estate professional who charges a set fee for their services rather than a commission based on the sale price of the home.
Hi Harvey, this is a service by a brokerage that rather than charging a percentage to sell, they charge just that, a flat fee to sell. Most flat fee services are less expensive than the percentage in commission expenses but not necessarily so.
A flat fee is a fixed commission that a real estate property seller/buyer pays a realtor instead of a percentage-bases commission based on the final sale price of the property.
The amount of the sell price does not impact the final fee you pay for the service.
It’s not uncommon for multiple siblings to own a property, usually because they inherited a childhood home or vacation house when their parents passed away. Joint ownership has several benefits, especially if each sibling wants to keep the home in the family’s possession.
However, there are some additional financial and legal consideration