What is a "Flat Fee" real estate broker?

A "Flat Fee" real estate broker “unbundles” the package of real estate services typically offered by "traditional", full-service real estate brokers and charges a one time, flat fee or a fixed, hourly fee for specific services, such as listing the house in the MLS, negotiating or closing contracts, and pricing the home.

The "Flat Fee" real estate business model enables consumers to save thousands of dollars by allowing them to purchase only those services they want.