At closing, when your property sells and closes, a transaction fee of .0075 of your sales price is due to Maximum One Realty and .0012 of your sales price is due to First Multiple Listing Service. There is no fee due to GAMLS. Plus, if a buyer's agent brought you a buyer and sold your property, you pay a selling commission (typically 3% in this marketing area) to the buyer's agent. All fees and commission are deducted from your proceeds on your Settlement Statement, at closing.
The following Cost Example is based on a $200,000 sales price.
At Listing
| Listing Fee
| $395.00
| At Closing
| Maximum One Transaction Fee (.0075 x $200,000)
FMLS Fee (.0012 x $200,000) | $1,500.00
$240.00 |
| Total
| $1,740.00
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| * Also, if a Buyer's Agent is involved in the Sale, a commission goes to them and will paid from the closing proceeds at the closing table. (Typically 3% of the Sales Price) To View Savings Examples, CLICK HERE
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