Dictionary of Real Estate Terms: flat fee broker
flat fee broker
a licensed broker who charges a fixed fee for the provision of brokerage services instead of a commission based on a percentage of the sales price of the property.
Example: Kramden, a flat fee broker, charges $5,000 to arrange the sale of a home, no matter what price is agreed upon by the buyer and seller. If a sale is not consummated within the term of the listing contract, no fee is paid.
