FSBO means “for sale by owner,” the term describes a homeowner who handles the process of selling their residential property without help from a real estate professional. In most cases, in FSBO transactions, the seller assumes the responsibilities and risks of completing the sale.

Are FSBO homes in the MLS ?

ARMLS only accepts listings that have an executed listing agreement in place and does not handle FSBO listings. With that in mind, Flexmls has a few thousand Active and Coming Soon listings ready to share with your buyers. However, there may be instances where your buyers come across a property that has a for-sale sign labeled “FSBO.” When this is the case, what do you do?

What does FSBO mean to me as the agent representing the buyer?

If you need to research a property, as the Selling Agent (Buyers Agent), you can locate non-MLS transaction history in The Monsoon Tax System or CurbView, which is new! After your research is complete, you might want to reach out to your Broker for next steps if your client is serious about the FSBO.

Do I need to worry about Clear Cooperation 8.0 for FSBO?

If there is no listing agreement in place with the property owner, then the owner can try to sell it. If they want to list in the MLS later, then they may establish a listing agreement. Without a listing agreement, there is no violation of 8.0 Clear Cooperation.