|
The Multiple Listing
Service, or MLS, is the one place that
all members of the real estate association,
display the homes they have listed. Whether a home is
listed by a brand new agent or a 20 year veteran, or by a
small office or a large office, all the photos and
information about a property are available for all other
agents in the association.
What that means is that
no matter who lists your house,
all agents will have the same information and the same
opportunity to sell any of the homes shown there. In
addition to the information about the property, there is an
offer by the listing agent to give a percentage of the
commission to the agent that brings an accepted offer. Said
another way, the
seller
pays both agents! So
the multiple listing system is not only a way to get
information on properties to all agents equally… it is also
a commitment to pay commission. So BOTH the agent that
represents the buyer, AND the agent that represents the
seller, get paid by the seller. Again, it doesn’t matter
how experienced the agent is, or how large the company is…2
agents get paid for cooperating in the multiple listing
system.
74% of all buyers spend 1½
hours looking at homes on the internet BEFORE they contact
an agent. And when a property is in the MLS, it is also
showcased on the internet on several real estate sites…Realtor.com,
GreatHomes.org, ListingLink.com. Not only is the Multiple
Listing Service is
the most
comprehensive
listing of homes for sale, it is the number one source of
all sales. In March 2003 alone, more than 12 million
potential buyers accessed real estate sites.
Of those, 4.6 million
visited Realtor.com,
proving
again that an individual or company web site cannot compete
with the total group site.
Summary Of What MLS Does
-
All properties are
displayed equally, regardless of price.
-
All agent members of the
association have access to all listings.
-
Information on
properties is available 24 hours a day.
-
All agent members have
the same opportunity to be paid a commission.
-
All properties are all
displayed on the 2 most frequently visited real estate
websites.
-
More homes are sold
through this system than any other way.
|