FLAT-FEE
SERVICE:
CMC'S Flat Fee,
was created by CMC, in cooperation with a group of real
estate agents who saw the need for a service that allowed
home owners to sell their property without having to pay
a full real estate commission.
The concept started in Calgary, Alberta;
however, the system works with successful agents across
Canada—agents from every Province share CMC'S vision
of providing full-service, real estate listing for a flat
fee.
HOW OUR THE CAN-FSBO SYSTEM WORKS:
In a real estate transaction, a CMC
affiliate lists your property using the MLS system. If a
buyer purchases a home listed by one of our affiliates,
then both the buyer's agent and the CMC affiliate receive
a commission at the point of sale. We feel that it is the
buyer's agent who does most of the work; therefore, our
idea is to list the property directly through the MLS
system, making the listing commission unnecessary, by
charging a one-time, low, flat fee.
HOW MUCH SELLERS SAVE:
Most traditional real estate offices
charge sellers a fee equivalent to 7% of the first
$100,000 and 3% on the balance of the sale price. The
average home in Calgary sells for approximately $200,000
(Calgary Real Estate News - CREN, March 2004). This means
that in addition to all the other closing costs, you will
be responsible to the listing and buying agents for
thousands of dollars in real estate commissions—your
Equity.
PAY OUT COMPARISON:
Listing with a traditional Brokerage:
Assuming the sale price is $200,000, your
commission pay out would be $10,000.00 (7% on the first
$100,000, and 3% on the balance of the sale price of
$100,000).
Listing with CMC:
Assuming your home sells for $200,000,
your commission pay out would be $5,555.00 ($5,000.00 to
the buyer's agent (at closing), plus CMC'S flat fee of
$555,00 (at time of listing), for a total of $5, 555.00).
SAVINGS:
Based on the above calculations, Your
Savings, using our flat-fee service would be $4,445.00 on a residential
property. For investment, ranches, farms, and commercial
properties, Click here
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