Seeking to shake up the BC Real Estate Industry with increased transparency and heavy discounts to consumers, Oneflatfee was born on the heels of the historic announcement made by the CREA (Canadian Real Estate Association) in March 2010. Under pressure from the Federal Competition Bureau, the CREA was forced to alter MLS rules – essentially opening up the MLS System and providing more access and tools for consumers to make better-informed decisions.
Others agreed it was time for a change. The business model, created by Mayur Arora of Oneflatfee soon took off with resounding support from home sellers across BC; and it was set to become the largest flat fee Real Estate brokerage in Western Canada, with an accumulative value of homes sold surpassing $700M to date. As a result of the success Mayur achieved early on in the Real Estate space, this propelled him to the Top 1% in sales of all Realtors® in BC earning him the prestigious Medallion and President’s Club status 9 years in a row!
“Oneflatfee is truly a pioneer in Real Estate and offers immense savings to sellers and buyers alike.”
Oneflatfee Surrey-based founder, Mayur Arora could empathize with friends and colleagues who often complained about paying high commissions. Mayur was once faced with a $20,000 commission payout to the Realtor® on a property in Walnut Grove in 2004, in which he stood to earn $40,000. Mayur felt that the commission payout was unreasonable, given the one days work for the agent. This experience stung him and stayed with him for years until he saw the opportunity to help other consumers when he launched his Flat Fee business model.
Mayur’s vision was to create an affordable alternative and convenient options to suit every type of buyer and seller: from cash back on commission earned, to flat fee models that allow sellers to post their home on MLS and conduct their own showings, to a-la-carte options that allow sellers to purchase professional pictures, virtual tour videos of their home, signage, and lockbox to name a few, to full service and support as a traditional Realtor® would provide for a fraction of the cost.
“The Flat Fee listing service allows For Sale By Owner (FSBO) sellers to get an MLS listingand this was not possible before the Oneflatfee service started in 2010.”
Additional changes to the rules in BC Real Estate are coming soon, which further provides increased transparency to consumers. Mayur already has plans underway to adopt these controversial changes, by publicizing SOLD prices of homes in local neighborhoods on his website. He plans to be the first in British Columbia to offer this service.
Continuously looking to push the boundaries and offer additional value to consumers, Mayur saw a window of opportunity to help buyers find new residential (pre-sales) development homes. In September 2018, Mayur launched Presalesbc.com, a comprehensive service specializing in finding information on all pre-sale homes across BC. Buyers can search for properties by area, price and more – while gaining preferred VIP access to most pre-sale developments before the general public, and enjoying 25% cash back from commission earned.
Mayur and his wife, Moana enjoy traveling, hiking and spending time with their 3 children.
Visit oneflatfee website for more info.