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Here's a question...how does an MLS become THE MLS for the area. Realtors are required to enter their listings into "the" MLS. Does the NAR determine who owns/starts and/or is picked to be "the" MLS for an area?
GNL says
Here's a question...how does an MLS become THE MLS for the area. Realtors are required to enter their listings into "the" MLS. Does the NAR determine who owns/starts and/or is picked to be "the" MLS for an area?
Central Panhandle Association of Realtors operates the MLS here. I've seen the same in other places where an association operates the MLS, and each RE brokerage was a member of the association.
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So, the brokers determine who "the" MLS is?
The association determines the MLS. And the association is made up of local real estate brokerages. It may give the appearance it is like an exclusive club.
Just like there was an unofficial association of companies like IBM, Intel and Compaq that came up with a design for the USB.
GNL says
(you do not have to be a Realtor to sell a home. You only have to be a real estate agent working for a brokerage.
In Virginia, and likely most other places, you must be a licensed real estate agent working for a broker to market someone else's home and collect a commission. To become a real estate agent you must pass a written test and background check. Over time, an agent also must also do some continuing education. To become a broker that can supervise these agents, one must have 3 years of full-time experience plus complete further education and testing.
Its easy to sell on Zillow and Trulia as well as Craigslist if you want to sell by owner.
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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.
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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.