I live in MN and have seen this a lot over the last year. They are agents with companies, but then have them as Non MLS. Why wouldn't they want the exposure in MLS? What are the benefits for Non MLS?
2007-06-15 15:05:56 · 6 answers · asked by msmicki7777 2 in Business & Finance ➔ Renting & Real Estate
HELLO !. They convince the seller that they 'don't need MLS exposure" in hopes that the listing agent will get to 'double pop' the sale. If the property is not in the MLS, buyers will come mostly from agent advertising and will contact the listing agent for an offer. Eliminates a lot of competition from cooperating agents.
I think it a GROSS disfavor to the seller to do such a thing, but some folks fall for it. If the listing contract specifies no MLS listing, the listing agent is in the clear.
2007-06-15 15:15:39 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Well, I am not sure if this is true everywhere, but many times you have to join your local assocation of realtors to get MLS access. Which means, basically paying a hefty sum of money every year. Some agents don't want to do it. Even if they don't have to become Realtors to get MLS access, they still have to pay for MLS if they want it, maybe they are too cheap.
It doesn't really seem like those are the people I would want to work with. If they can't advertise a home on the MLS, then they can't search it either for their buyers. As far as I can tell, the only benefit is not having to pay money. But I just wonder how much they are losing from not using it.
2007-06-15 15:13:37 · answer #2 · answered by pinkluxe 3 · 0⤊ 0⤋
I have noticed that smaller companies, particularly in rural areas, are not part of the MLS because it is too pricey to buy into. And there are monthly fees so these companies may feel they have enough business coming to them that they don't need the power of the MLS. Hope this helps answer your questions!
2007-06-15 15:28:16 · answer #3 · answered by Dee The Realtor 2 · 0⤊ 0⤋
One reason not to include the listing in the local MLS would be because the property is being marketed outside of the area. This would not be the general case, of course.
-Nile
http://www.homeonthemap.com
2007-06-16 11:00:24 · answer #4 · answered by Nile T 1 · 0⤊ 0⤋
No benefit and illegal in some areas but probably because the owner did not want to have their property listed in the MLS.
2007-06-15 15:40:40 · answer #5 · answered by mytownocala 1 · 0⤊ 0⤋
Maybe they don't want to share the commission when it sells. If another realtor sells it, they would have to split the commission with the selling agent.
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2007-06-15 15:12:36 · answer #6 · answered by Robert L 7 · 0⤊ 0⤋