REALTORS in Real Estate Domain has spent millions of dollars developing Multiple Listing Services (MLS) and other real estate technologies to getting
REALTORS in Real Estate Domain has spent millions of dollars developing Multiple Listing Services (MLS) and other real estate technologies to getting more leads that make transactions more efficient. MLS is a private partnership with compensation by listing vendors to other real estate agents.
In the late 1800's, real
estate agents met regularly at the offices of their local organizations to
share information about the properties they were trying to sell. They agreed to
compensate other dealers who assisted in the sale of the property, and the first
MLS was born, based on a different principal in the planned properties: Help me
sell my list and I will help you sell yours.
Today, through more than 800
MLSs, retailers and Investor’s share information about the properties they have
listed on Different site like Zillow and invite other retailers to co-operate
in their sales with the aim of earning compensation if they produce a buyer.
Retailers benefit from increased exposure to their site. Buyers benefit because
they can get information about all the properties listed in the MLS (Multi-List
Service) while working with only one vendor.
The real estate market is
competitive, and business is different from what competitors have to work
together to ensure successful transactions. MLS systems facilitate that
collaboration.
MLS is a tool to help list
traders to find cooperative brokers who work with buyers to help sell their
clients' homes. In addition to existing MLS corporate promotions, brokers can
create their own trading partnerships, separating rather than collating asset
information.
MLS is a very competitive force.
They measure the playing field so that the smallest trading company in the city
can compete with the largest multinational company. Buyers and sellers can work
together with specialist of their choice, making sure that they have fully access
to the largest pool of real estate on the market.
Housing details on the
Internet are readily available. Buyers can access and view all the listing
information publicly available on their chosen merchant's Web site.
MLSs are private information
generated, stored and paid for by real estate professionals to help their
customers buy and sell goods. In most cases, access to information from the MLS
list is provided to the public free of charge by participating vendors. Data
that is not publicly available includes information that could jeopardize the
privacy or security of sellers, such as contact details of the seller and the
times when the home is unoccupied.
NAR promotes innovation and
competitiveness in real estate sales, including different business models. NAR
members connected to real estate firms operate using a variety of business
models, including full service, limited service, service fees, and discounts
(regardless of service level). Internet posting is not a business model - about
90% of REALTORS reports that their company has a business use website,
according to the 2007 NAR (National
Association of Realtors) Member Profile.
According to the 2007 REALTOR®
Technology Survey, two thirds of all REALTORS websites have websites, and
REALTORS reports that their listings are displayed on any number of websites,
including REALTOR.com, the actual REALTOR site, REALTOR local website, local
newspaper domain, Yahoo, Google, Craigs List, Zillow and Trulia.
COMMENTS