Flat Fee and Discount Listing on MLS for a Flat Fee Attracting Attention

In: Real Estate News

10 May 2011

When the competition bureau helped change the MLS rules back in 2010, they helped create a new opportunity for home sellers to sell privately and be advertised on MLS. PropertySold.ca created a MLS partnership with Real Estate Brokerages across Canada that allowed For Sale By Owner home sellers to advertise their property on Local Board MLS Systems and Realtor.ca for $499. PropertySold.ca’s customers were listed on the Toronto Real Estate Board and also were posted on Realtor.ca in the city and area where the home is located. For example, a FBSO home seller in Ottawa would be listed on the Toronto Real Estate Board, but the listing would be displayed on the Ottawa Realtor.ca search map, on the street where the home is located.

There were a few other For Sale By Owner companies who partnered with other brokerages in other areas of Ontario and they did not list their properties on the Toronto Real Estate Board. These other brokerages also attempted post homes located in other Provinces. Recently these brokerages have received notice to remove listings from MLS if the listings are not located in the Province where the brokerage is located. The Toronto Star reported that that these brokerages have received direction to remove listings in Alberta, PEI, and Quebec. The Globe and Mail reported that one real estate brokerage received a $50,000 fine for advertising listings in Quebec.

Traditionally, brokerages have only been allowed to post listings in the province where they are located. PropertySold.ca allows our customers to post their listing on MLS through our partner’s brokerages. All listings will appear on Realtor.ca and also be posting on the Toronto Real Estate Board’s MLS system. We also have partnerships with other brokerages who a registered in other Provinces. For example, if you want to sell your home For Sale By Owner in Vancouver, you will be able to subscribe to sell your home on PropertySold.ca and also post on Realtor.ca through a local agent in Vancouver. The Vancouver agent will post your home on their local MLS real estate board system.

PropertySold.ca launched our new website last month and a significant number of our For Sale By Owner sellers are choosing to sell their home privately and also be listed on MLS. The MLS listing will show a front photo of the home for sale, plus the basic listing information including price, address, lot size, as well as a description that directs the buyers to find more information about the property for sale on the Realtor’s website. The home for sale on MLS will be shown on the MLS map as well as in the search results. More photos and information can be found on the PropertySold.ca real estate listing website.

The benefits of listing on MLS and being listed on PropertySold.ca as a For Sale by Owner listing is that buyers searching on MLS without an agent will be able to find the seller’s property and contact the seller directly. If the buyer has an agent and wants to use an agent to aide in the contract negotiations for the property, the seller can negotiate a commission with the agent if desired. Sellers can save thousands on Real Estate Commissions, plus get MLS exposure for their property for sale. Buyers can easily find homes for sale by searching on Google, PropertySold.ca or on MLS.ca.


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More Information:

For all of your real estate questions please call PropertySold.ca Inc. today at:
1-855-900-SOLD and speak to a customer service representative. We have licensed real estate professionals on staff ready to take your call right now. List your property for sale by owner today. New! We now accept real estate listings from real estate agents and new home builders & developers. More Information »

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Canada Real Estate News

Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.