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WHAT IS MLS? Multiple Listing Service
(MLS) or Multiple Listing System is a real estate listing
service that combines property information in a specific area,
sorted by status as “active”, “pending”, or “sold” in one
directory or database. For-Sale-By-Owner (FSBO) properties are
not included in the listings. In general, access to the MLS is
restricted. However, select information is now available to the
general public on the internet through Realtor.com and other
sites. Only licensed real estate agents who pay a fee can view
the entire database and edit their own listings.
Currently, there is not a centralized MLS for the United States.
Each MLS is a regional entity that can span several states or
just a single county. The local association of realtors usually
run their own MLS.
THE POWER OF THE MLS and THE TRADITIONAL
BROKERAGE
The MLS is the secret of success for the real estate industry.
Statistics show that nearly 90% of residential real estate is
sold through the MLS and for a higher price.
The traditional model of pricing Real Estate Brokerage services
has been to charge the Seller about 6% of the sales price. The
commission can range from 5% to 10% depending on market
conditions and type of property. The fee is usually split 50/50
between the Listing Agent and the Seller’s/Buyer’s Agent.
Why pay 6%? … Go FlipMLS! … Go Fat Fee!
Once your property is listed on the MLS, it will be viewed by
hundreds of agents already working with interested buyers.
Buyers without agents will also be able to contact you directly.
You control the outcome of the sale when you choose to use the
Flat Fee MLS.
WHY PAY MORE? … YOU CAN SAVE THOUSANDS!
And still get full service broker support!….
Which would you choose? You can pay $30,000 (6% of a $500,000)
to relinquish control of the sale of your property by relying on
the services of a listing agent.
Or . . .
Go FlipMLS and pay just small Flat Fee to list on the MLS. You
will have maximum control. Buyers will see you online and
contact you directly. You can flip and sell the property
yourself and pay absolutely no commissions. Or, as an incentive
you can decide to pay a 2% to 4% commission to a buyer’s agent.
AsapRealtor and FlipMLS is quickly establishing regional
dominance in the industry by providing high quality services
with the new Flat Fee MLS and full service broker support.
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