They
agreed to compensate other brokers who helped sell those properties, and the
first MLS
was born, based on a fundamental principle that’s unique to organized real
estate: Help me sell my inventory and I’ll help you sell yours. The primary
purpose is to provide a facility to publish a “unilateral offer of
compensation” by a listing broker, to other broker participants in that MLS.
In
other words, the commission rate that is offered by the listing broker is
published within the the database to other cooperating brokers. This offer
of compensation is considered a contractual obligation, however it can be
negotiated between the listing broker and the broker representing the buyer.
Since the commission for a transaction as well as the property features are
contained in the system, it is in the best interests of the broker participants
(and thereby the public) to maintain accurate and timely data.
The
additional benefit of MLS systems is that subscribers may search and retrieve
information about all homes for sale by all participating brokers. MLS systems
contain hundreds of fields of information about the features of a property.
These fields are determined by real estate professionals who are knowledgeable
and experienced in that local marketplace, whereas public real estate websites
contain only a small subset of property data.
For
More Information Click Here.
Contact
Us:
Address
: 2563 N Toledo Blade Blvd #3 North Port, FL 34289
Phone
: +1 941-979-1215
Email:
lynn@atragent.com
Skype:
lynnbown
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