Startup breaks mold with flat fees, salaries

Defying the way brokerages are typically run, a new Palm Beach County firm is charging a flat fee to sell homes.

In addition to bypassing the standard 6 percent commission, agents will also receive a steady salary, as opposed to a percentage of the sale of the home.

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The company, a start-up called ByOwner.com, appears to be part of a wave of new firms challenging how real estate is sold. [Palm Beach Post] — Jennifer Karp