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Real estate brokers who charge a one time fee (or flat fee) for only those services actually purchased by the consumer are referred to as fee-for-service (or limited service) brokers. State mandated “minimum service” laws dictate to what extent the full service can be stripped into individual components. Consumers who choose this option can realize savings of up to thousands of dollars. Also see “flat fee mls“.

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Virginia Flat Fee MLS Broker Services
Positive icon Allows choice of brokerage services
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Virginia law allows brokers the option to offer à la carte services to consumers, as long as those brokers disclose to the consumers what services the broker will provide and what services standard agents provide under Virginia law. This disclosure preserves the ability of consumers to choose the brokerage services they want.

In addition, the U.S Department of Justice has commented to the Virginia Supreme Court about the benefits that consumers realize if non-attorneys are allowed to compete with attorneys to provide real estate closing services.

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