What's the Platform Fee?

The Platform Fee is how Faira makes money. Buyers on Faira can see all other offers made on a property, receive feedback on their offer, view Transparency Reports, and receive an instant discount on the property's price if they’re making an offer without an agent. Since these are all benefits to the buyer, and helps the buyer make an informed & competitive offer, Faira charges a 0.5% fee (half of one percent) to the buyer when their offer is approved. The cost of the Platform Fee is included in the price listed on both the MLS and Faira—not added on top!