A flat fee refers to a fixed charge that a client pays a broker instead of a percentage-based commission. The term is often used to describe flat fees charged by real estate brokers for listing and selling property.

What is a flat fee example?

Flat Fees: A lawyer charges a specific, total fee. A flat fee is usually offered only if your case is relatively simple or routine such as a will or an uncontested divorce. ... Thus, for example, if the lawyer's fee is $100 per hour and the lawyer works 5 hours, the fee will be $500.

What is a flat fee real estate agent?

Flat fee realtors, or discount realtors, are what you think—agents who charge a fixed rate or flat fee, instead of a percentage commission, for their services. Choosing a flat fee realtor will save you money. Traditional realtors charge a commission on the final sale price of your home.