MEET THE TEAM
Noelle Stevens, Broker/Owner
3710 N. Oakland Ave, Suite 210
Shorewood, WI 53211
Paul Stevens, Partner
The Multiple Listing Service, or MLS, is a local database containing all properties listed for sale with a real estate broker. Realtors “share” listings with all other Realtors, and offer compensation or “co-broke” commission to another agent bringing a buyer to a listing. It is by far the most important and effective place to list a property for sale. Properties listed for sale in the Milwaukee Metro MLS are viewed by the public on Realtor.com, WiHomes.com and many other national sites.
Realtors in Milwaukee and surrounding areas place properties listed for sale in the Metro Milwaukee MLS. All homes listed for sale in Milwaukee, Waukesha, Racine, Kenosha, Washington, Ozaukee, Walworth, Sheboygan, and Manitowoc Counties are found in the Metro Milwaukee MLS.
H O W T H E Y W O R K : Traditional Listing Brokers
(Examples of traditional Listing Brokers include: Shorewest, Keller Williams, ReMax, Coldwell Banker, First Weber, etc)
In Milwaukee, most traditional Listing Brokers charge you, the seller, 6% commission for the successful sale of your home. They enter your listing in the MLS and wait for other Realtors (called Buyer Brokers) to bring their buyer-clients to see your property. If one of the Buyer Brokers sells your property to their client, then your Listing Broker shares the 6% commission with that Buyer Broker...giving that Buyer Broker 2.4% (known in the industry as a “co-broke” commission), and keeping the other 3.6% for himself.
Sometimes, a buyer contacts your traditional Listing Broker directly; comes to see your house; then buys it directly through your Listing Broker with no other Buyer Broker involved. In this scenario, your Listing Broker keeps the entire 6% commission for himself. This business model is antiquated, and not designed to benefit the seller. This structure has not changed in decades, even as home prices have gone up. If you have a home worth $100,000, you pay 6% commission ($6,000); if you have a home worth $500,000, your still pay 6% commission ($30,000). Doesn’t sound fair, does it? Did you know that when you list your home with a traditional Listing Broker, and you, the seller, decide to sell your home directly to your brother.....you still owe that Listing Broker 6% commission!!! Food for thought, isn’t it?
H O W W E W O R K : Flat Fee MLS
You list your home for sale with Milwaukee Flat Fee Homes for $550, NOT 6% commission. We enter your listing in the MLS, offering a “co-broke” commission to Buyer Brokers (in the Milwaukee area, typically 2.4%, but you are free to offer as little as 2%). Working with us is no different than any full service broker...we handle everything for you!
F O R S A L E B Y O W N E R "F S B O"
Sellers choosing to go FSBO don’t reap the benefits of the incredible exposure provided by listing a property in the MLS. Most sellers advertise “agents welcome”, meaning that they would offer a commission to a buyer agent. Why not go Flat Fee and expose your listing to the large pool of buyers and buyer-agents searching for homes on the MLS and the Internet? Why advertise for sale on one or two sites, when you can advertise on over 800?
Need more information? MLS LISTING DETAILS
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Contact Noelle (414) 482-5050 or