What is a 3rd party referral site, and why you would NOT want to do business with one of these companies?
These are companies, that collect money (many times illegally), take a cut and refer you, the seller, to a broker in your state. The main problem for you as a customer, you do not get to ask questions or interview the broker before you pay. These referral companies are not interested in finding the best broker to serve you, they are ONLY interested in finding the cheapest broker to maximize their profit. They constantly search for different brokers that work cheap. In fact, they have an open bidding process to find the cheapest brokers and often the worst brokers to work with. These brokers, they refer you to, often provide terrible customer service and because they work so cheap will try to up-sell you on many vital services.
Many of these 3rd party referral sites are under investigation by local real estate commissions nationwide due to their illegal practice of real estate. Agents are regulated by their state commission and must have an active license to practice real estate in Tennessee. This is for consumer protection.
How do you know you are dealing with one of these 3rd party referral sites?
It's real simple, you should always call or email a company before you list or research who your listing broker will be. When you call, simply ask, are you my listing broker or will you be referring me out to some other broker? Known referral sites are: forsalebyowner.com, owners.com, mlsmyhome.com & others. The BBB has in fact, revoked some of their certifications due to terrible customer service.
Legitimate real estate companies are required by TREC to put the listing broker on their website. It is important, you know before paying, who your listing broker will be. It's the law!
We are NOT a 3rd party referral site! Your listing broker is Susanne Flynn who has been licensed in Tennessee since 2006. Susanne operates www.resultsmls.com which is the largest flat fee mls listing servicei n Tennessee. Our testimonials from acyualy clients are on the home page of our site, our facebook page and zillow.com.
Here is a list of some of these 3rd party referral sites:
forsalebyowner.com - located in Illinois
owners.com - located in California
multiplelistingsystem.com - located in New Jersey
mlsmyhome.com - not sure where this BBB F rated company is located
cornerstonemls.com - located in California
flatfeemlslisting.com - located in Minnesota
flatfeemls.com - located in Georgia
flatfeehomeselling.com - located in New York
mlssupport.com - locted in New Jersey
fsbo.com - located in Georgia