re: Someone Explain Realtors To Me

Well "Realtor" is a term associated with Licensed Real Estate agents that are associated with the National Association of Realtors. Not all licensees are members of the Realtors organization. However, Realtors have access to the multiple listing service, which will allow your property to be seen by the masses.

As seller you have multiple options at your disposal.

You can list your home for sale on For Sale by Owner website and represent yourself. You could even offer to pay a 2-3% commission in hopes of attracting buyers who are already using a licensed real estate agent.

You can list your home with a limited service broker for several hundred dollars. He or she will place your home in the MLS and your home will be seen by people searching Realtor.com and other brokers websites. Again you could opt for paying a selling agent 2-3% commission in hopes of attracting buyers who are already using licensed real estate agent.

You can list your home with a full service broker who will list your home and represent you and walk you down the path to selling your home. More often than not these are 4%-6% percent listing with half going to the listing and half going to the selling.