How the 0.50% Closing Fee Works
Understand when and how the 0.50% brokerage fee is collected at the end of your sale.
The 0.50% brokerage fee charged by your assigned licensed broker is collected only at closing. You pay nothing upfront — the fee is deducted from your proceeds on the settlement date.
For example, on a $400,000 sale, the brokerage fee would be $2,000. By comparison, a traditional full-service listing agent typically charges 2.5–3% of the sale price — $10,000–$12,000 on a $400,000 home. Brokerage services (MLS submission, broker coordination) are provided by your assigned licensed broker. OnMLS provides the preparation platform and tools.
If your home does not sell, you pay no brokerage fee. There are no monthly charges, no cancellation fees, and no upfront costs on the Free plan.
The fee is collected by the title company or escrow agent at closing and remitted to your assigned licensed broker, in accordance with the listing agreement. Your net proceeds are displayed clearly in your dashboard before and at closing.
Brokerage services provided by your assigned licensed broker, a licensed brokerage. OnMLS is a technology platform that facilitates MLS listings through our licensed brokerage partner. Buyer-agent commission is separate, optional, and negotiable.
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