We want to empower YOU, the consumer. Our flexible, dynamic real estate model puts the power of choice into your hands.
Flat-Fee Listing Model
Typical seller-side listing fees are a percentage of the sales price of a home; usually upwards of 2.5-3.5% of the sales price (with another 3% for the buyer’s agent). Our commission model is a tiered flat-fee structure:
This pricing structure does not sacrifice anything when it comes to service. You still get all the same things you would for a 6% listing! As soon as your listing enters the Lawrence MLS, I syndicate it to all the sites you’re probably familiar with (like Realtor.com and Zillow.com), plus others that you may not have yet heard of such as WikiRealty. This IDX feed casts a wide net and provides maximum exposure for your home.
Kansas real estate law states that an agent must represent their client to their full ability, not based on amount of their commission. This is why the R+K Real Estate model – only charging the seller either 5% or a flat fee – provides a tremendous advantage that many home sellers might not have previously had access to.
our flat-fee model means potential savings for home sellers
A commission is far and away the largest expense facing home sellers. Depending on what you pay the Buyer’s Agent, which is typically 3%, here are some examples showing the difference in what you pay to sell your home with R+K versus companies offering only 6%:
The higher the home price, the higher the savings!
Think about it this, if you have a home worth $1,000,000 and you list with an agent charging 6%, you’re paying them $60,000 to sell your home. That’s more than the average annual salary in Lawrence! In theory, or by state law, an agent must work just as hard for a client selling a $50,000 house. Is there really a reason one agent gets paid $60,000 and another one gets paid $3,000 to do the same job? We don’t believe so, and our pricing structure should prove it!
can a home seller choose what to pay a buyer’s agent?
Easy answer: YES! You might find this answer surprising if you’ve talking with another agent who didn’t offer this as a choice. Choose what to pay the Buyer Agent (this example shows 2.5%):
If R+K Real Estate finds the Buyer. . .
Many real estate agents are looking for an angle to find an unrepresented buyer so they can keep both sides of a 6% commission all to themselves. Too often, the strategies involved employ things that might be of benefit to the agent, and only the agent. Such behavior is the basis of NAR’s Clear Cooperation Policy recently adopted by the Lawrence MLS. Why would an agent get paid to do two jobs when they’re only doing one? At R+K we prefer that the Seller be the one to benefit from this circumstance, not us.
If either the Seller or R+K Real Estate finds the Buyer and the Buyer has no agent and wishes to remain unrepresented, we will reduce the Buyer Agent fee. No joke.
We are a transparent alternative to high priced commission fees!
Interested in Transaction Broker Services?
Yes, we do that too! It’s not for everyone and every situation. But, for some sellers it might be the perfect fit resulting in saving thousands, to tens of thousands of dollars on real estate commissions. Transaction brokerage is ideal for:
- professional home sellers
- home builders
- local charities
- experienced home sellers
- a home seller who’s already identified their buyer
- a home seller considering for-sale-by-owner
If you’re interested in finding out more about how R+K Real Estate Solutions can work as a Transaction Broker, please contact us!