I would like to start a FSBO site. Do I have to be a licensed realtor to provide access for registering clients to Local and Statewide MLS exposure/inclusion listing? Thanks in advance for any help!
2007-02-21 17:59:30 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Multiple Listing Services are developed and funded through fees and ongoing dues paid by real estate agents and REALTORS. It is a business tool that costs each agent several hundred to more than a thousand dollars a year to access.
Affiliate membership or restricted memberships may be available - but in order to display the information on a site you'd have to adhere to some strict guidelines and negotiate with MLS for access and display of the data. Agents and MLS's guard this information jealously since their ability to research market trends and pricing depends on its accuracy.
Because it is a service we pay for, we aren't excited about "giving it away" to outside people who are simply looking to eliminate an agent from their transaction (like FSBOs). However, your area's MLS may be different. At this time, there is no "national MLS" that I'm aware of - meaning you'd have to negotiate a deal with hundreds of MLSs across the country to provide that level or coverage.
2007-02-22 01:32:02 · answer #1 · answered by njc_flhtc 4 · 0⤊ 0⤋
Depends on what state you are in. Usually Yes. Basically most MLS services are only available to Realtors. However, not all licensed real estate agents are Realtors. Typically to join the MLS, you must be submitted by your local Realtor Association.
2007-02-21 18:25:57 · answer #2 · answered by Dawn J 4 · 0⤊ 0⤋
Yes you have to be a Realtor. We are the ones that pay the fees for the mls. Why would we let an outsider in? Plus if you put a listing into mls you need to offer a buyers agent compensation.
It should be at least 2% if you want any agents to show it.
most will not anyway, but will never admit it.
2007-02-22 10:04:38 · answer #3 · answered by frankie b 5 · 0⤊ 0⤋
MLS is a separate branch of the REALTORS organization but to belong and or join you must be a member in good standing with the local branch of the REALTORS. To become a member you must be licensed if you want to join the REALTORS and if you are not licensed then you can become an affiliate member but it does not extend the same services that a licensee would receive if they were a full blown member.
Buena Suerte
2007-02-21 23:36:24 · answer #4 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋