Flat fee MLS (sometimes referred to as "flat rate
mls" or "fixed fee mls") refers to the practice
in the real estate industry of placing pertinent information
about a property for sale into the database of the local Multiple
Listing Service (MLS) for a set fee or dollar amount as opposed
to a commission based on the sales price of the property.
In this instance, the Listing contract between the real estate
broker and the property owner typically requires the broker
to enter the property into the MLS and calls for the seller
to pay the broker a flat fee for the service. The net effect
is to make the real estate industry's standard MLS available
as a marketing tool to house sellers without the necessity
of the seller purchasing a package of other services from
the real estate agent.