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Frequently Asked Questions
& Additional Resources
  • How much are real estate broker commission?
    Broker commission rates can vary depending on many factors (e.g. property type, location, market conditions., etc.) therefore we cannot state a particular rate without evaluating your property and individual situation . Rate and terms can be discussed with any of our brokers via a free no obligation consultation. We always work to come to a mutually beneficial and fair solution.
  • How long is your listing term?
    For full service listings, listing terms are typically 3-6 months, but can vary beyond this range depending on property type, market conditions and both yours and the individual broker's situation. This can be discussed via a free no obligation consultation.
  • What is a Flat Fee MLS listing?
    A Flat Fee MLS listing is a limited service/representation type listing designed for By Owner sellers who want their property listed on the same MLS Realtors use to list and sell property, all while maintaining their right to sell on their own and represent themselves. Rather than paying a listing agent a typical commission at closing, sellers will only pay a one-time upfront flat fee to a listing agent to get their property listed on the multiple listing service.
  • Flat Fee MLS vs Traditional Full Service Listing?
    Unlike a traditional listing where sellers can expect to pay 6% or more in total Realtor commissions (common split would be 3% to the listing agent and 3% to buyer’s agent), with a Flat Fee MLS listing you cut out the typical listing agent commission (3% for example) and would just pay us a one-time flat fee to have your property listed on the multiple listing service. Here, we would either list your property on the RMLS™ or NWMLS, depending on your property location. You would only pay a commission to a buyer’s agent (assuming one is involved in your sale), so essentially you could be saving half or more in total commissions normally due with a traditional full service listing. Because Flat Fee listings are limited in service, you would still represent yourself and handle all inquiries, property showings, property pricing, offers, negotiations, closing details and any other forms of marketing other than what we provide in our Flat Fee MLS packages.
  • How long does it take for my property to be listed on MLS?
    We usually have your listing active on the MLS within 24-48 hours (most often less) of us receiving all necessary information about you and your property. Same day listings are possible if we receive all necessary information and/or documentation by 10:00AM Pacific Standard time. Please contact us or specify in the listing process if you need expedited service. We are happy to do our best to get you listed in your desired time frame, if possible.
  • How long will it take for my property to be syndicated to REALTOR.COM®,,, and other real estate websites?
    REALTOR.COM®,, and various other syndicated real estate websites are their own separate entity, so while we cannot guarantee when exactly your property listing will appear on these other websites, it will typically be within the same day and likely within minutes.
  • Will I be the primary contact person on my MLS listing?
    The multiple listing services (MLS) we belong to (RMLS & NWMLS) do not allow sellers' contact information to be displayed on Public MLS data. It is required that the listing broker's contact info be displayed to the public. However, your contact info and showing instructions will be the primary and available to all Realtor® members of the MLS your property is listed on. PLEASE NOTE: All inquiries that we do received from the public will be expeditiously forwarded/directed to you. Typically within 1-3 hours of receipt and often less. EXAMPLE: A buyer contacts us via email and/or leaves us a voice message inquiring about your listing which they happen to see on Once we receive the message, we will forward you the email or voice message and leave it up to you to contact that prospect.
  • Do I have to pay a buyer’s agent any commission?
    Yes, to be listed on the multiple listing service, it is required that you offer a Buyer’s Agent Commission (BAC). While this amount is determined by you, a large majority of sellers offer in the range of 2.25-3.0%. The BAC can also be either a percentage or dollar amount, but a large majority of listings offer a percentage. A flat dollar amount is very rare so we do not offer this option. IMPORTANT NOTE! WE STRONGLY RECOMMEND YOU OFFER WITHIN OR CLOSE TO THE 2.25-3.0% RANGE AS POSSIBLE, AS SELLERS WHO OFFER TOO LOW OF A COMMISSION TO BUYER AGENTS WILL RUN THE RISK OF LOW SHOWING ACTIVITY AS AGENTS MAY PASS UP ON SHOWING THE SELLER'S HOUSE.
  • Do I have to pay the Buyer’s Agent Commission (BAC) if I sell to an independent buyer?
    No. You will not have to pay the BAC if you sell to an independent buyer who is not represented by a real estate agent, as you maintain your right to procure and sell to your own buyer.
  • Who takes photos of my property?
    Unless you select our Professional Photo Service option, we do not take photos of your property. You will need to provide us with your own digital photos. Please email us your applicable number of photos in the order you would like them posted to your listing. Photos can be emailed to:
  • Where do I send my listing photos?
    Photos can be emailed to: Please email us your applicable number of photos in the order you would like them posted to your listing. Keep photo file sizes small or send us larger files using a zip file.
  • Can I upgrade to a full service traditional listing?
    Yes, you are welcome to upgrade to a full service traditional listing with us anytime. You would just need to contact us for a free no obligation consultation. We offer a variety of programs and a comprehensive and unique marketing plan.
  • What is your listing cancellation policy?
    You can cancel your Flat Fee MLS listing at anytime with advance written notice and as long as there is not then a pending contract for sale on your property that would result in a commission due to any real estate broker.
  • If I order your sign, can I have my phone number on it?
    Even though you would be representing yourself with our Flat Fee MLS listing services, you are still technically listed with a real estate brokerage so by law our contact info must be on the sign. You are welcome to add your contact info via your own sign rider or other method to go along with our sign.
  • What is your refund policy?
    There are no refunds after purchase. Please be 100% certain before purchasing any of our online services.
  • How much do I have to pay for your Realtor/broker services?
    99.99% of the time, we work with buyers for no charge, as we get paid from the listing agent's commission split which they are in contract with the seller. There are rare occasions that do call for the Buyer to pay us directly (i.e. if buyer wants our representation in purchasing a property from a for sale by owner seller who's unwilling to offer any compensation for buyer agents) but we will certainly inform you ahead of time.
  • Do you work with first time home buyers?
    Yes, we work with first time home buyers all the way up to seasoned investors. We have a variety of resources we can connect you with to help your first time purchase go smoothly (e.g. reputable lenders, inspectors, etc.).
  • How come I've seen other companies offer very low commission rates for full service?
    Most of these companies are only marketing their percentage of the commission split. Once you see their contract, it will likely be much higher, as the final rate will need to include a buyer's agent commission split if they are listing your property on the MLS, which they should be. Don't be fooled by companies offering unusually low commissions, like 1% for full service! It's most likely just trick advertising. As the saying goes and often is true in the service industry, YOU GET WHAT YOU PAY FOR!
  • How does Premier Trust Realty differ from other brokerages?
    For starters, we offer friendly, no pressure service mixed with great communication and effective marketing. Also, as you can see we offer a variety of flexible programs, affordable rates and do not charge any early listing cancellation fees. With Full Service, we also typically only ask for a 3-6 month listing term to get your home sold and will provide you with upfront, competitive and realistic market values/pricing opinions. Watch out for those who try to overvalue your home, as this is often a strategy to just influence you to list with them. Statistics show pricing correctly and competitively from the beginning most often yields much better returns. An overpriced home that has been sitting on the market for an abnormally long period of time is not what you want!
  • Adjustable-Rate Mortgage (ARM)
    A mortgage with an interest rate and payment that change periodically over the life of the loan based on changes in a specified index
  • Callable Debt
    A debt security whose issuer has the right to redeem the security at a specified price on or after a specified date, but prior to its stated final maturity.
  • Charge-Off
    The portion of principal and interest due on a loan that is written off when deemed to be uncollectible.
  • Common Stock
    A security that represents ownership in a company but gives no legal claim to a definite dividend or to a return of capital.
  • Conventional Mortgage
    A mortgage loan that is not insured or guaranteed by the federal government.
  • Credit Enhancement
    A method to reduce credit risk by requiring collateral, letters of credit, mortgage insurance, corporate guarantees, or other agreements to provide an entity with some assurance that it will be recompensed to some degree in the event of a financial loss.
  • Credit Loss Ratio
    The ratio of credit-related losses to the dollar amount of MBS outstanding and total mortgages owned by the corporation.
  • Credit-Related Expenses
    The sum of foreclosed property expenses plus the provision for losses.
  • Credit-Related Losses
    The sum of foreclosed property expenses plus charge-offs.
  • Credit Scoring
    A process that uses recorded information about individuals and their loan requests to assess—in a quantifiable, objective, and consistent manner - their future performance regarding debt repayment.
  • Debt Security
    A security in which the issuing company generally agrees to repay the principal (typically, the original amount borrowed) and make interest payments according to an agreed schedule.
  • Default
    The failure of a borrower to comply with the terms of a note or the provisions of a mortgage.
  • Delinquency
    A mortgage loan on which a payment has not been made by the due date.
  • Derivative
    A financial instrument which derives its value from an underlying security or notional amount.
  • Duration
    The weighted-average life of the present value of all future cash flows, both principal and interest, of a security. It is used as a measure of the sensitivity of the value of a security to changes in interest rates.
  • Earnings per Share (EPS)
    The net earnings of a corporation divided by the average number of shares of its common stock outstanding during a period. A common method of expressing a corporation's profitability.
  • Fixed-Rate Mortgage
    A mortgage loan in which the interest rate does not change during the entire term of the loan.
  • Forbearance
    The lender's postponement of legal action when a borrower is delinquent. It is usually granted when a borrower makes satisfactory arrangements to bring the overdue mortgage payments up to date.
  • Foreclosure
    The legal process by which property that is mortgaged as security for a loan may be sold to pay a defaulting borrower's loan.
  • Global Debt Facility
    A debt issuance facility through which U.S. dollar and foreign currency debt securities may be offered to investors worldwide with the feature of clearing and settlement through a variety of clearing systems.
  • Guaranty Fee
    Compensation paid by a lender to Fannie Mae for the guarantee of timely payments of principal and interest to MBS security holders.
  • Interest Rate Swap
    A transaction between two parties in which each agrees to exchange payments tied to different interest rates or indices for a specified period of time, generally based on a notional principal amount.
  • Intermediate-Term Mortgage
    A mortgage loan with a contractual maturity at time of purchase equal to or less than 20 years.
  • Lender Option Commitments
    An agreement giving a lender the option to deliver loans or securities by a certain date at agreed-upon terms.
  • Loan Servicing
    The tasks a lender performs to protect a mortgage investment, including collecting monthly payments from borrowers and dealing with delinquencies.
  • Loan-to-Value (LTV) Ratio
    The relationship between the dollar amount of a borrower's mortgage loan and the value of the property.
  • Loss Mitigation
    Activities designed to reduce either the likelihood of the corporation suffering financial losses on a loan or the final dollar value of those losses in the event of a borrower default.
  • Mandatory Delivery Commitment
    An agreement that a lender will deliver loans or securities by a certain date at agreed-upon terms.
  • Medium-Term Notes
    Unsecured general obligations of Fannie Mae with maturities of one day or more and with principal and interest payable in U.S. dollars.
  • Modification
    Any change to the original terms of a mortgage.
  • Mortgage
    A legal document that pledges property to a lender as security for the repayment of the loan. The term also is used to refer to the loan itself.
  • Mortgage-Backed Security (MBS)
    A Fannie Mae security that represents an undivided interest in a group of mortgages. Principal and interest payments from the individual mortgage loans are grouped and paid out to the MBS holders.
  • Multifamily Housing
    A building with more than four residential rental units.
  • NOD
    Abbreviation for Notice Of Default.
  • Notice of Default
    An official notice filed and recorded by a designated trustee at the request of a lender indicating lender has commenced foreclosure action.
  • Nonperforming Asset
    An asset such as a mortgage that is not currently accruing interest or on which interest is not being paid.
  • Notional Principal Amount
    The hypothetical amount on which interest rate swap payments are based. The notional principal amount in an interest rate swap generally is not paid or received by either party.
  • Preferred Stock
    Stock that takes priority over common stock with regard to dividends and liquidation rights. Preferred stockholders typically have no voting rights.
  • Preforeclosure Sale
    A procedure in which the borrower is allowed to sell his or her property for an amount less than what is owed on it to avoid a foreclosure. This sale fully satisfies the borrower's debt.
  • Real Estate Mortgage Investment Conduit (REMIC)
    A security that represents a beneficial interest in a trust having multiple classes of securities. The securities of each class entitle investors to cash flows structured differently from the payments on the underlying mortgages.
  • Repayment Plan
    An agreement between a lender and a borrower who is delinquent on his or her mortgage payments, in which the borrower agrees to make additional payments to pay down past due amounts while still making regularly scheduled payments.
  • Return on Average Common Equity
    Net income available to common stockholders, as a percentage of average common stockholders' equity.
  • Reverse Mortgage
    A financial tool which provides seniors with funds from the equity in their homes. Generally, no payments are made on a reverse mortgage until the borrower moves or the property is sold. The final repayment obligation is designed to not exceed the proceeds from the sale of the home.
  • Risk-Based Capital
    The amount of capital necessary to absorb losses throughout a hypothetical ten-year period marked by severely adverse circumstances.
  • Secondary Mortgage Market
    The market in which residential mortgages or mortgage securities are bought and sold.
  • Security
    A financial instrument showing ownership of equity (such as common stock), indebtedness (such as a debt security), a group of mortgages (such as MBS), or potential ownership (such as an option).
  • Serious Delinquency
    A single-family mortgage that is 90 days or more past due, or a multifamily mortgage that is two months or more past due.
  • Short Refinance
    Short refinance is the replacement of a mortgage, usually with a reduced mortgage, when the borrower is already in default. This is done to transition the borrower to a more affordable payment structure. The lender has to write off the difference between the old mortgage and the new mortgage, but in some cases this may be preferable to foreclosure.
  • Short Sale
    To sell a home through negotiation with the bank or lender, who agrees to accept less than the full amount owed to satisfy the debt allowing the debt to be ‘paid off’, short. Short sales are subject to bank approval and are often used as options in lieu of foreclosure.
  • Stockholders' Equity
    The sum of proceeds from the issuance of stock and retained earnings less amounts paid to repurchase common shares.
  • Stripped MBS (SMBS)
    Securities created by "stripping" or separating the principal and interest payments from the underlying pool of mortgages into two classes of securities, with each receiving a different proportion of the principal and interest payments.
  • Transfer Agent
    A bank or trust company charged with keeping a record of a company's stockholders and canceling and issuing certificates as shares are bought and sold.
  • Underwriting
    The process of evaluating a loan application to determine the risk involved for the lender. It involves an analysis of the borrower's ability and willingness to repay the debt and the value of the property.
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