For sale by owner?

Question

Please read my 360 blog and let me know what you think. Important information contained within. Please answer the poll question, too. I am still at a loss as to how, In America, they can legally prevent me from advertising my home for sale by owner in the MLS. What do you think?

leaptad , I can ask it in both places, if I want, to get more INFORMATIVE answers. Your answer isn't one of them.

Answer 1

After reading your blog/rant, all I can say is, "Jeez, Louise, who lit the fuse on your tampon?"

They can legally refuse to list your home simply because the MLS is a private company and as such can do business with or refuse to do business with whomever they choose. So long as they do not discriminate based upon certain prohibited criteria (generally race, creed, color, religion, national origin, gender or family status when it comes to housing transactions) they are completely legal in refusing your listing.

I think you need to find a cut-rate realtor who will get your home listed with the MLS if you want it listed there. Keep in mind that unless you offer a full 3% split to the selling broker/agent, you'll not likely get any benefit from the listing.

BTW, Dearie, it's not the law that bars you from listing as you allude with your voting question on your blog/rant site. It's the MLS. And they are fully within their rights to block your listing.

Answer 2

After reading your blog I wasn't even going to answer this question. But, I figured since you vented - I should do the same.

First of all - who the heck do you think you are? You don't have any right to make those comments without knowing exactly what you're talking about. I suggest you fork out $500 to take a real estate class so you'll have a better understanding of how the system works.

The MLS is a system used by REALTORS to share their listings. They let other REALTORS know about their listing and how much they will pay another REALTOR to sell the home. We pay monthly MLS dues to have access to this system. If you would like access to the MLS - go to school and get your real estate license because you need one to list your property on there.

Second, nobody is forcing you to use a REALTOR. If you feel that strongly about selling on your own. Put a sign on your yard and advertise online and in the paper and don't call me to sell your home when your strategy fails and you have wasted all the money on advertising because I don't work with people after they insult my profession and call us "scum".

Third, nothing you can do can compare to the professional advice and knowledge that a REALTOR has to give. You don't deserve it anyway. I suggest that you sit down with one (God bless his or her soul) and find out exactly what they do that you can't so you have a better understanding of exactly what they do.

You insulted REALTORS by saying some have the nerve to call themselves Christians. Isn't that the pot calling the kettle black.

Answer 3

The MLS is for Realtors to look at other Realtors listings. To have a house in MLS, it must be listed with a real estate agent. If listed w/an agent, it can't be For Sale by Owner. If a house is listed with an agent, they do the advertising (their signs in your yard, MLS, magazines) for you, costing them quite a bit of money. If you listed your house, you should have signed an agreement that would state all these details.

Answer 4

The Multiple Listing Service is a service provide by a board of real estate professional to be able to share amongst each other listing for sale for their clients or customers. If an owner want to list there property is the MLS then they can through an agreement with a broker. Or us the alternative listing of available homes through FSBO.COM or FORESALEBYOWNER.com or BYOWNER.com. Trust me these site are also looked at by principals and brokers.

Broman

Answer 5

MLS is privately owned, so they can restrict advertising to members, and you are not a member. It's actually a protection for buyers, since properties are listed by licenced realtors.

You wouldn't expect to be able to post a for sale sign in your neighbor's yard without permission, with an arrow pointing to your house, would you? And if you asked and the neighbor said no, would you say that was unamerican?

I can't just walk into your house and sit down and watch TV. It's the same principle.

Answer 6

What she said, MLS is run by Realtors for Realtors. Like the kid who owns the baseball, if you don't want to play by their rules they'll just go home.

OK I'm back after checking out your blog. Sister you are coo coo for coco puffs. Why do you feel any Realtor or Real Estate organization should work for you for nothing? Brokers and FSBO companies pay for MLS access and you want a freebie? Also, their companies are regulated: imagine walking in to a house with a Realtor's sign and finding it's FSBO or the other way around.

Want a freebie? Try craigslist. Market yourself by putting 10,000 fliers on 10,000 telephone poles.

Answer 7

You can legally post your home for sale in the MLS. All you need to do is get a real estate broker's license, pay to join the MLS, along with the annual dues, and you're all set.

In my area, it costs $1200 to join, and there is a $70 monthly maintenancefee for membership, paid on a monthly basis.
Tack onto that a $425 annual membership fee.

See how easy it is to do it legally ?

BTW, those are the fees I pay. Why on earth should we allow folks like YOU to use that service when it costs US that much to maintain it ? Get a grip, dearie. You're WAY out in left field here.

Answer 8

If you want to ask a question HERE then ask it. If you want to ask a qeustion in your 360 blog, then ask it THERE. One or the other, sweetie. PS The MLS is not for For sale by owner houses.