1# List privately for free on non-MLS® (Craigslist, Kijiji, UsedVictoria, etc.).
2# List on MLS® as a Flat Fee Listing, or “Mere Posting” with $1 commission offered to the buyer’s REALTOR®. A “Mere Posting” can typically range from approximately $499 to $999 and your listing goes on public (Realtor.ca) and REALTOR® (Victoria Matrix) MLS® for maximum exposure. The listing fee is paid upfront and typically non-refundable. Most brokerages charge a back end fee ranging from $500 to $999 upon successful sale. REALTORS® with buyers will call you directly to arrange showings and you will negotiate offers directly with the buyer’s REALTOR®. The Competition Bureau/CREA Consent Agreement defines a ‘Mere Posting’ as “a listing on a Member board’s MLS® System in respect of which the Member has chosen or agreed not to provide services to the Seller other than submitting the listing for posting on a Member Board’s MLS®.” Essentially what a Flat Fee MLS® listing, or ‘Mere Posting,’ amounts to is a For Sale by Owner (FSBO) with MLS® System exposure. After the home is listed, the homeowner takes control of the selling process.
3# List on MLS® as a “Mere Posting” with a reasonable commission offered to the buyer’s REALTOR®. Typically for about $499 to $999 (plus REALTOR® commission which may be 3.0%100k+1.5%balance, or you can set any other amount). Same deal as above, except if there is a reasonable commission offered, buyer’s REALTOR® may be more motivated to bring a buyer to your particular listing.
4# List with a full service REALTOR®; however, at a discounted commission rate, and sit back and have everything handled for you from start to end.
5# List with a full service, full commission REALTOR®, and like above, sit back and have everything handled for you from start to end. A commission may be something like 6%100k+3%balance or the equivalent of $21,000+tax on a $600,000 sale.