You pay the flat fee at time of listing.
The buyer's agent commission that you have decided on in your listing contract at closing if there is a Buyer's agent involved in the sale. The recommended commission is at least 2.5%. If you sell the home yourself no other fees are due at closing. We have a minimum service fee that comes out of the commission offered, see below for explanation.
When you list a property on the MLS in Louisana, the agent that list your property has to represent you. This means, we have go over contracts, counter offers and other sales contract related paperwork. All offers from agents must come through our office. Louisiana State Law does not allow the buyer's agent to negotiate (directly or indirectly) with the seller. We are with you from beginning to the very end. We are your agent. You can still sell as a FSBO if you like.
Fee at closing are (based on sales price):
.002 above $400,000
.0025 from $100,000 to $399,999
.00375 from $50,000 to $99,999
$350,000 - $875 at closing
$550,000 - $1100 at closing
Please let me know if you have any questions.