What is the difference between flat rate discount brokers and a full service broker?
A flat rate discount broker does not offer any split in commissions to cooperating brokers that bring buyers to the listing. Because of this the only one that gets paid for their services in this transaction is the discount broker. So the question becomes, “Why would a full service broker take a buyer he is representing to a listing in which he will not receive compensation for doing his job?” The answer is – HE WON’T. Therefore when you list with these flat rate discount brokers you are hiring one agent to sell your property. When you list with a full service broker you are hiring him, and because he cooperates with other brokers, you literally are hiring all other agents liscenced in the State of California to try to find a buyer for your property. So the difference is really 1 vs thousands trying to sell your property.
