The fixed-fee model has disrupted the residential real estate market. Traditionally, real estate agents charged a percentage-based commission. The higher the sale, the higher the agent’s commission. In the fixed-fee model, you’ll know what your agent’s fee is upfront and the final sale price won’t change that fee.
In most cases, a fixed-fee includes a property appraisal, marketing and advertising of the property, signboards, floor plans, and managing home inspections. Additional marketing, like printing and distributing flyers, costs extra. Homes sold on auction also incur an additional fee.