Real Estate

I would like to start a FSBO site. Do I have to be a licensed realtor to provide access for registering clients to Local and Statewide MLS exposure/inclusion listing? Thanks in advance for any help!

Multiple Listing Services are developed and funded through fees and ongoing dues paid by real estate agents and REALTORS. It is a business tool that costs each agent several hundred to more than a thousand dollars a year to access.

Affiliate membership or restricted memberships may be available – but in order to display the information on a site you’d have to adhere to some strict guidelines and negotiate with MLS for access and display of the data. Agents and MLS’s guard this information jealously since their ability to research market trends and pricing depends on its accuracy.

Because it is a service we pay for, we aren’t excited about "giving it away" to outside people who are simply looking to eliminate an agent from their transaction (like FSBOs). However, your area’s MLS may be different. At this time, there is no "national MLS" that I’m aware of – meaning you’d have to negotiate a deal with hundreds of MLSs across the country to provide that level or coverage.

We’re in the process of selling our home (a sweet little antique cape in coastal Maine), Our agreement with our realtor is about to expire and we’re going to try selling the home on our own for a bit since that would allow us to lower the price.

We’d like to keep it on the MLS though as so many people surf the MLS from their computer to find homes they’d like to see.

I’ve seen online that there are sites that will allow you to list your house on the MLS service for a flat fee so you don’t have to use a realtor to get it in the listing service which will save you at least 3% commission.

Anyone have any experience with these services???

Thanks
G.
Right, definitely – but does anyone have any EXPERIENCE with these kind of places??

Thanks

Yes there are "help you sell" or DIY agencies around here that list on MLS for a flat fee of $500-$700.

My current realtor set me up in the MLS. I want to get a new realtor, and I don’t want the new realtor to know I’ve already been in the MLS. Can a realtor see that I’ve already been set up in the MLS with another realtor? Thanks for your help!
To clarify, I’m a buyer not a seller. I’m only in the MLS looking at homes I might buy. Thanks!

No, they will not know you already have a buyers agent.

You are treading in legal hot water, be careful.

According to MLS, which individual Realtor sold the highest dollar volume of San Angelo real estate in 2010?

I guess it depends on each real estate board, but my board does NOT release the top grossing realtor in the board.

I’m looking to sell my home. So far I’m not planning on hiring a realtor. However, I may consider that in the future. What I’m wondering is if there is a way to be on the multiple listing service without a realtor. My house is in Cheyenne, Wy

No it is a private website.

Being on it you would have to pay commission to the buyers agent any way.

I live in Calgary and have been looking for a realtor to list my property on the mls for a flat fee..After about twenty phone calls I still have no realtors interested..Any ideas as to how i can get a property listed for a flat fee? I have an ad and pics,and do not expect them to show the property..

There not interested since they have to take responsibility for the information listed. If the information is not correct and acted on by a buyer they can be held liable. To list it for $500 for all the potential problems just isn’t worth it. Plus the problem of the seller calling every few days wanting to change their ad. Most buyers want to use a realtor since their service is free including holding the deposit in trust , the market valuation of the property and the conveyancing of the property. The seller just can’t give the buyer the quality of service a realtor can (they probably won’t help them at all) Anyhow, keep looking, there might be some hard luck realtor that will list for you.

We’re in the process of selling our home (a sweet little antique cape in coastal Maine), Our agreement with our realtor is about to expire and we’re going to try selling the home on our own for a bit since that would allow us to lower the price.

We’d like to keep it on the MLS though as so many people surf the MLS from their computer to find homes they’d like to see.

I’ve seen online that there are sites that will allow you to list your house on the MLS service for a flat fee so you don’t have to use a realtor to get it in the listing service which will save you at least 3% commission.

Anyone have any experience with these services???

Thanks
G.
The one service I found said they’d also list on Realtor.com

Our house is unique and while I understand what you’re saying about double the work for double the pay – I don’t understand why – we’d hire the title company/or attorney they’d take care of the details, we’d show the house – what the heck else does a realtor do? Mine never do all that much as far as I can see. This is the 4th house we’ve had on the market and maybe I get bad realtors, but they don’t seem to do all that much – I even end up showing the house half the time.
It just doesn’t seem doable to sell yourself without the exposure the MLS gets you.

What could be hidden with a flat rate service like that that says they don’t take a commission?
It would be helpful to have examples of tricks someone might play…cause I just don’t know enough about these services to trust them….anyone can have a website right!
Ed, would we have to sign on for an additional 2 months – or is that the tricky wording that can sometimes be used?

There was a lawsuit by property owners to be allowed to "list" their houses on MLS without an agent. They sued under the "anti-trust" laws. The realty agents had to make some concessions, but they mostly got to keep their hold on the MLS.

So you have to hire one of the flat-fee brokers to get on MLS. It can work but you have to ask your agent to send you copies of your listing every 30 days.So you can review the wording and compare it to the other houses for sale in realtor.com And have him send you an updated list of houses for sale nearby (even tho you can drive around yourself) so you stay informed. Then get ready for your house to get shown. Usually you have to negotiate the offers yourself.

The main flat-rate "trick" was to offer you their service for $500. After 2 months with no offers, they ask you to switch to a full-commission listing with them. The only reason you hired them was to get the low fee. You would have hired someone else if you were going to pay much more. So you feel tricked.

I want to give my Las Vegas Condo/Loft as much exposure as possible.

Free listing services are much preferred.

http://www.realtor.com/realestate/las+vegas-nv-89101-1091670662/

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