- Hybrid real estate
Hybrid real estate is a form of real estate combining the services of traditional real estate agencies, flat fee MLS brokers and for sale by owner (FSBO).
Hybrid agencies often charge a flat listing fee, and then small percentage at closing (i.e. 1/3%). Traditional agencies often charge 6% - 3% to the seller’s agent and 3% to the buyer’s agent - but this is negotiable and not set by law.
These companies combine elements from other real estate services, merging
*Full-service representation and contract negotiation of traditional real estate companies
*Low fee MLS listing orflat fee MLS
*Customer independence of FSBOfor sale by owner Role of internet
More than 80% of buyers use the internet to help find a home, according to the
National Association of Realtors . Hybrid agencies use aggressive online marketing to increase exposure, and in turn, are able save clients money by relying on volume.Fact|date=June 2008Regulatory issues
Several states have adopted "minimum service laws", which require real estate professionals entering into exclusive service provision agreements with their clients to provide a state-mandated minimum service package that includes many of the duties associated with negotiating a property sales contract.
Unlike some flat fee MLS brokers, hybrid companies are in full compliance with laws because they provide all the services of a full-service broker, including contract negotiation, paperwork and closing documents.Fact|date=June 2008
External links
* [http://www.usatoday.com/money/perfi/housing/2007-02-08-net-real-estate-usat_x.htm USA Today article]
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