5 Best Minneapolis Flat-Fee MLS Companies

If you're selling your home for sale by owner (FSBO) in Minneapolis, hiring a flat-fee MLS service can help you increase your listing's visibility without breaking the bank.

The average commission rate for full-service listing agents in the City of Lakes is approximately 3%. Based on the median sale price for Minneapolis homes, as of January 2020, that translates to about $8,130.

In contrast, typical rates for flat-fee MLS companies in Minneapolis are in between $99 and $799. Nationwide, the most basic plans can be as low as $50 to $99, while more comprehensive services range upwards of $1,000 to $3,000.

It's important to remember that every Minneapolis flat-fee MLS service is different. When evaluating offerings, be sure to read the fine print: look at things like the length of the listing term (and how much it costs to extend); whether there's a fee to make changes to your listing; how many photos are allowed; the policy on buyer's agent commission; and more.

>> LEARN more about flat-fee MLS services and how to evaluate them.

To help you make the right choice, Clever has picked some of the top flat-fee MLS services across Minneapolis.

Top Minneapolis Flat-Fee MLS Companies in 2020

Real Estate Corners, Inc

Real Estate Corners, Inc

Price Range

$299

Number of Photos

24

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • Real Estate Corners is a licensed, Minnesota real estate brokerage that specializes in flat-fee MLS listing services and flat-fee full representation services
  • Listing is live within 24-48 hours of completion of necessary paperwork
  • Unlimited listing changes
  • No cancellation fee
  • Built-in home valuation support

$299 - For Sale By Owner package

  • 6-month listing on the MLS
  • 24 photos
  • Listing syndicated to Realtor.com, Zillow, Trulia, and more
  • Unlimited listing changes
  • Buyer leads forwarded to you
  • Home showing electronic services (showing requests and feedback done online)
  • Required state disclosures provided
  • Full ad and listing is featured on realestatecorners.com
  • No cancellation fee
  • Broker listing support throughout selling process
  • 2.5-3% commission to buyer’s agent


A-la-carte services include 12-month listing option, color brochures, emails to local realtors, yard signs, open house directory, market analyses, and transaction facilitation


Real Estate Corners also offers a full-service, flat-fee realtor package for the Minneapolis metro area for $600 down, plus $2,900 at closing

Pros

  • 24 photos for base package
  • No cancellation fee
  • Buyer leads forwarded to you
  • Unlimited listing changes

Cons

  • Full-service option is only for the Minneapolis metro area
  • No built-in form assistance

As of August 12, 2020, Real Estate Corners Inc has an average rating of 5/5 based on 14 reviews across Google and Facebook.


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123 Flat Fee Minnesota

123 Flat Fee Minnesota

Price Range

$299-799+

Number of Photos

6-max allowed by MLS

Listing Term

6-12 months

Description
Pricing
Pros & Cons
Reviews
  • 123 Flat Fee Minnesota is a licensed, Minnesota real estate brokerage that specializes in flat-fee MLS listing services
  • Typically listings go live in 1-2 business days
  • You choose the buyer’s agent commission and pay nothing if you find a buyer
  • Home valuation report (not included in Basic plan)
  • Buyer and agent inquires forwarded directly to you
  • Cancel anytime
$299 - Basic
  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • 6 Photos
  • ShowingTime scheduling and feedback system
  • Required forms and disclosures (downloadable)
$599 - Premium
  • Same as Showcase package, plus:
  • For Sale yard sign
  • Lockbox
  • Limited real estate coaching
  • Comparative market analysis (CMA)
  • Pricing assistance
  • Contract review



$399 - Showcase
  • Same as Basic package, plus:
  • 12-month listing on MLS
  • Unlimited photos (max allowed by MLS)
  • Home valuation report
  • Printable property flyer

$799+1% at closing - Platinum
  • Same as Premium package, plus:
  • Real estate coaching
  • Prepare and review contract
  • Negotiations assistance
  • Broker responses to inquiries and questions
  • Broker coordinates showings
  • Broker attends closing as needed
  • Exclusive rights to sell listing

Contract review, negotiating assistance, and closing help can be purchased for additional fees

Pros

  • Work directly with the broker, not a referral service
  • Buyer inquiries forwarded directly to you
  • Cancel anytime
  • ShowingTime scheduling and feedback system included in all packages

Cons

  • With the Platinum package you may have to forfeit your right to sell FSBO meaning you’ll have to pay buyer’s agent commission
  • Doesn’t cover all of Minnesota

As of July 30, 2020, 123 Flat Fee Minnesota has an A+ rating on the Better Business Bureau with an average rating of 5/5 based on 4 reviews.

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Minnesota Flat Fee MLS

Minnesota Flat Fee MLS

Price Range

$99-149

Number of Photos

6-25

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • Minnesota Flat Fee MLS is a local affiliate of Brokerless, a nationwide, flat-fee referral service that connects sellers with local brokers
  • Your contact information is shown on the MLS
  • Set your own buyer’s agent commission
  • Free status changes and access to listing on Realtor.com
  • Cancel anytime — but no refunds once listing is active)
  • Does not offer home valuation or pricing consultation
  • Listing is live within 24-48 hours of submission of all necessary paperwork
$99 - Basic package
  • 6-month listing on the MLS
  • Listing syndicated to Realtor.com (basic), Zillow, Trulia, MSN, and more
  • 6 photos
  • Set your own buyer’s commission
  • All state required forms and disclosures provided
  • Free status changes
  • Includes your contact info on the MLS, so buyers come straight to you
  • Cancel anytime (no refunds once listing is active)
$149 - Premium package
  • Same as Basic package, plus:
  • 25 photos
  • Premium Realtor.com listing


Open house alerts on Realtor.com can be purchased for $25 each


Prices are subject to change without notice

Pros

  • Free status changes
  • Lists your contact info for direct buyer leads
  • Cancel anytime

Cons

  • No listing options beyond 6 months
  • No home valuation or pricing consultation
  • Cancellation after listing doesn’t include a refund

As of August 17, 2020, no third-party review information was available for Minnesota Flat Fee MLS. We will update when this information becomes available.

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National Flat-Fee MLS Services & Brokers Operating in Minneapolis

MLS My Home

MLS My Home

Price Range

$49-99

Number of Photos

5-25

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • MLS My Home is a nationwide flat-fee MLS referral service that connects you with local brokers and agents who will list your home on the MLS for a pre-negotiated rate
  • Listings posted on the MLS within 24-48 hours
  • Buyer and agent inquiries forwarded to you
  • Set your own buyer’s agent commission (within a required range in some locations, e.g. 2-3%)
  • Pay no buyer’s agent commission if you find an unrepresented buyer
  • Cancel anytime
$49
  • 6-month listing on MLS
  • Syndicated to Realtor.com and other major sites
  • 5 photos
  • Personal web page
  • Cancel any time
  • Pricing varies by city
$69
  • Same as $49 package, plus:
  • 15 photos
$99
  • Same as $69 package, plus:
  • 25 photos

Available packages, services, and pricing depend on location. Check the website for details about your local options.

Pros

  • Cancel anytime
  • No commission if you find the buyer
  • Buyer inquiries forwarded directly to you

Cons

  • Limited options and many states
  • No built-in home valuation
  • May not offer complete coverage in your state

As of August 17, 2020, MLS My Home has an average rating of 2.5/5 based on 280 reviews across Trustpilot, Yelp, and Facebook.


Note: MLS My Home will refer you to an independent, local broker who’s level of service and customer reviews may vary from MLS My Home’s, so be sure to research the broker before signing a listing agreement.

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FSBO.com

FSBO.com

Price Range

$399.95

Number of Photos

Varies by state

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • FSBO.com is a nationwide flat-fee MLS referral service that connects you with licensed brokerage MLSmart Realty, LLC. MLSmart Realty then handles the listing or refers you to a local brokers who will put your home on the MLS for a pre-negotiated rate
  • Set your own buyer’s agent commission (FSBO.com recommends 2-3%)
  • Making changes to your MLS listing may have additional fees
  • Cancel anytime (possible additional fee)

$399.95 - MLS package

  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • Approx. 20 photos
  • Yard sign (where available)


FSBO.com also has a package for listing on their website — not the MLS — for $99.95


Services, price, and details of FSBO.com flat-fee MLS packages vary by state. States with minimum service requirements may also have additional fees due at closing. Check the website for specifics in your area. 

Pros

  • Set your own buyer’s agent commission

Cons

  • Only one package to choose from
  • Experience, additional fees, and service quality may vary depending on your state’s broker
  • Doesn’t have full coverage in every state and not available at all in North Dakota

As of August 12, 2020, FSBO.com has an average rating of 4.9/5 based on 26 reviews on Zillow and an A+ rating with Better Business Bureau.

Note: As a referral service, the reviews and service quality of your local FSBO.com broker may vary. Be sure to research your broker before signing a listing agreement.

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Alternatives to Flat-Fee MLS in Minneapolis

The Minneapolis real estate market is steady. According to Zillow, the median home value rose 3.3% over the past year and is expected to increase by 3.7% in the next year. To realize your home's full value (or ideally more), it's important to weigh all of your options for selling before making a final decision.

Quick Tip: Don't let upfront "savings" cost you thousands when you sell your home...

Yes, a flat-fee MLS service can save you money on commission — if you know what you're doing. However, homes listed "For Sale By Owner" with an MLS service typically sell for thousands less than agent-assisted homes. 

Plus, there's no guarantee your home actually sells. Since flat-fee MLS services are paid upfront, that means you're out the hundreds of dollars you already spent. 

The Alternative: List with Clever and get a top agent for a reduced rate. 

At Clever, our free service connects you to top-rated agents from name brands like Keller Williams, RE/MAX, Century 21, and more — full-service agents with a proven record of selling fast, for top dollar. 

You pay $0 upfront. So if you don't see the value when you talk to an agent, you're free to walk away. No strings attached. But if you do decide to work with any agent, you'll also get an exclusive low rate — a flat $3,000 or a reduced commission of just 1%.