An MLS Breakdown~A Look at Real Estate

Mission Forge

Podcast on MLS---Focus on the needs of the client.

How do cooperation and compensation help sell? A listing broker offers to compensate a buyer broker who pairs a buyer with the listing.

What is syndication? The broadcasting of listings, similar to songs on radio stations

How many do you need to subscribe to as an agent? It really depends on several factors, namely the geography you cover. But also if you are a buyer agent or a listing agents matters. The key factor should be the impact the subscription has on your clients.

To fully market your property as a seller, how many MLS should your listing be in? The answer is changing day by day. Some think a single subscription is enough, others insist multiple subscriptions are needed. What would help your client the most?

Should you choose an agent based on how many MLS systems they subscribe to? It would be very wise to have the MLS conversation with both your buyer agent and your listing agent.

How much does it cost to subscribe to an MLS? Roughly, $1000 a year per subscription , assuming that you are also buying the MLS key system.

What is the value of a listing to an owner? Without a doubt, MLS brings value. BRIGHT MLS study

How can buyer agents find my listing if it is not in their MLS? REALTOR buyer agents have a number of alternate tools, including the ones consumers have. They may opt to search in RPR which is a value added conglomerate MLS exclusively for Realtors.

How are small MLS systems helpful? Strengths are service, reaching more Realtors who only have one subscription.

How are large MLS systems useful? More scale and power, strong value add ons, that make life simpler.