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Is the Multiple Listing Service a Dead Dinosaur?
invite response
2014 Nov 17, 2:12am 4,195 views 41 comments
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41
HeadSet
2023 Oct 3, 7:36am
HeadSet
2023 Oct 3, 7:36am
Onvacation says
?? Around here, and other places I have lived, a realtor likes nothing more than to have a buyer show up without an agent. The selling agent is more than happy enough to fill out the contract and not have to split the commission with a buyer's agent.
When I was in real estate in the mid '90s, a lot of selling agents wouldn't even look at your offer if it wasn't presented by a Realtor.
?? Around here, and other places I have lived, a realtor likes nothing more than to have a buyer show up without an agent. The selling agent is more than happy enough to fill out the contract and not have to split the commission with a buyer's agent.
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Will Google develop an open RE listing website? The MLS seems to be a cheesy attempt at cornering the market on RE for sale. Purposefully restricting access to the listings may have played in the past, but the MLS seems like an obvious and easy dinosaur to target.
Looking up RE on a public database, and using a lawyer to handle the contracts seems to be a good way to go. Hire a local RE consultant if necessary, but the customary 6% skim hopefully will be a thing of the past soon.