The MLS has a minimum that gets paid to the buyer's broker, which is a commission of 1%. To list on the MLS, you have to offer 1% or more to the buyer's agent. The MLS doesn't allow listings to advertise that the "Commissions is negotiable" or "Based on selling price".
The standard commission offered to a buyer’s agent is 2.5%. This commission is paid by the seller. We recommend offering the standard commission to attract the most amount of qualified buyers.
Remember, by working with Listed Simply, we save you thousands by listing your home for a flat fee of $59 instead of paying a listing agent the standard 2.5% commission to list your home. 😃